215. The Hidden Costs of Raising Children in 2025

Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we break down the real costs of raising children and share practical strategies to balance your kids' opportunities with your own financial security. Drawing from our experience advising families navigating these decisions, we discuss private school alternatives, the danger of over-committing even on high incomes, and why teaching your kids about money matters more than any deposit you give them.

Tune in to discover how to future-proof your family's finances without sacrificing your own wealth goals.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706


Episode Highlights
The true lifetime cost: $450K–$600K (and why it's often higher)
Education expenses: public vs. private school trade-offs
The oxygen mask principle: balancing kids' needs with your financial security
Future-proofing for milestones: cars, uni, first home deposits
Teaching kids financial literacy to build generational wealth
Insurance and risk protection when family expenses increase

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