As the holiday season comes to an end, many parents are preparing their children for the new school year.
Exciting as it may be to parents and their children, school expenses often leave parents with a hole in their pockets — especially if they have not planned for these expenses.
“School fees continue to rise considerably and so have other costs associated with education. Parents must prioritise, plan and factor additional school expenses into their budget throughout the year as this will help lighten the burden and put less strain on you in January,” says Ester Ochse, Product Specialist at FNB Wealth and Investments.
Ochse adds that, “Saving as little as R200 per month can help towards managing those additional educational expenses in the New Year.” She highlights a few areas where one can save:
School uniforms are costly: Many schools have a summer and winter uniform, so parents should buy the summer uniform in January and purchase the winter uniform just before winter. The months leading up to winter will help you save towards the next season’s uniform. Alternatively look for second-hand uniforms at the school or even school uniform shops. Also ensure that you buy a size bigger so your child will be able to use it for longer.
Stationary:
Some schools include stationary packs at an additional cost for the next year. If budgeted for, this is a great option as you will not have to run around looking for stationary. But if it is not within your budget, look at instore specials and see what you can save. Stationary has become more of a trend instead of a need which can be costly depending on the brand you buy. Budgeting per month on items such as stationary will help as it gets lost or misplaced if bought well in advance.
Transport:
If you are unable to drop or pick your children up, look for reliable and affordable transport companies that offer the service or look at using the school bus service, if available.
Aftercare: Should there be no one to look after your children, sign your child up at the school’s aftercare programme. There will be additional costs, but it will be well worth it. This will also give them the opportunity to finish off their homework and attend any extra activities they may have.
Lunch:
Plan your children’s lunch meals in advance. Many schools suggest what you can include in your children’s lunchboxes.
This can include yoghurt, fruit and sandwiches. Stick to these suggestions as it will help you manage their lunch box costs on a weekly basis. This will also ensure that your child eats only healthy and nutritional food.
First day:
Enjoy this moment with your child. Whether it is their first day or last year at school, make these moments memorable.
Ochse concludes by saying: “Saving for education should be a priority and not left to the last minute. Ensure that you budget appropriately and save so that your child receives the best education possible.”
