School Fees
The costs may seem overwhelming at first but if you're realistic about your financial situation and plan well it is possible.
Here is what you can consider:
- Calculate the total cost of your child's education. Ask the school for a copy of average school fees for the past five years, to help you calculate the average increase annually.
- Calculate and weigh the different options for your tuition. Consider distance learning compared to full time studies.
- Work out what you'll have to spend on other extras. Calculate the cost of school uniforms, lunches, transport and spending money. Also consider buying extra books to help with learning and include that tooI. It could also mean having internet at home for research.
- Keep a budget. Write down all your money coming in (salary, property and inheritance) and going out (mortgage payments, bills, pension payments),then include the school fees. Subtract the school fees from your income. Work out if the remainder is enough to live on comfortably now and in the future.
If you have time to save towards your education costs consider the following;
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