Unrealistic Expectations

(Before family arrives)
New cars, Electrical goods, Boats etc.
Dining out very often
Regular overseas holidays
Unlimited plastic spending

(After family arrives spending habits expand)
Designer children’s clothes
Must have the latest ‘stuff’
Private education
=
Creates Unsustainable Bad Debt**

Large Home Mortgage
(Increasing or holding at best)
Unpaid credit card debt
Personal loans
Car leases or H/P
(If not on home loan)
=
Likely future outcomes
(Realised too late)

High Emotional Stress
(No way out)
Relationships could fail
Retire with large debt
Pay off debt with superannuation
=
NO RETIREMENT FUND