Tim and Lara, parents of two young children, were looking for ways to fund their children’s education without compromising their financial stability. Living in Melbourne, they understood the hefty costs of a quality education, with expenses expected to be approximately $110,000 over 13 years in a government school, including school fees and ancillary costs.
Bloom guided them to a smart solution: Education Bonds. Starting with an initial $25,000 investment and regular contributions of $500 per month, Tim and Lara’s portfolio is growing steadily. Over a 20-year term, their strategy is expected to help secure their children’s future while potentially providing significant tax savings – estimated to cover nearly half the cost of education.
With Bloom’s expertise, Tim and Lara are turning their financial worries into a well-managed plan, ensuring their children have the opportunities they deserve without unnecessary stress.
> Know more about Education Bonds