Kids education is a necessity that cannot be avoided and if you add up the direct and indirect costs of kids education it can add up to a substantial amount. The present economic downturn is forcing parents to cut costs in various ways but very few think of cutting schooling costs as it concerns the future of their children. Undoubtedly parents would rather make a few personal sacrifices than jeopardize their kids’ future.
However, with a little involvement and proper organization it is possible for parents to cut schooling costs without sacrificing on the quality of education. Economic downturn or not money saved is money earned and there is no reason for wasting money without any valid reason. Of course education grants and scholarships can ease the parents’ financial burden substantially but you can’t depend on them because very few children enjoy these privileges. Let’s examine some creative ways to cut kids schooling costs.
Most parents purchase study material for kids on demand without giving it a thought. Kids are poor organizers and very few of them understand the true value of money. Usually neither the parents nor the kids keep an inventory of the school supplies and there is a lot of unnecessary duplication. Before replenishing school supplies get the school supplies organized and help your kids keep an inventory of them. This will teach the kids the value of money and they will learn the value of organization and it will reflect in the other aspects of their lives also.
Savvy shoppers know that you can save a lot of money buying things in bulk. They not only save money on the items purchase they also save on gas by avoiding frequent shopping trips. Children will usually tell that they need something at the last moment and you have to rush to the market. Buying things that are needed now and also in the future in bulk and replenishing the stock before it is exhausted can save you a lot of money in the long run. This also applies to other household items. Instead of buying pencils one at a time buy a box.
During back to school season many states offer tax holidays. The authorities usually put a price ceiling on various types of school gear. Keep track of the tax holiday schedule for your state and find out how you can take advantage of these special tax provisions in your area. A lot of cash is spent on kids pocket money for snacks. By preparing them yourself at home you not only save money, you are also making sure that your kids are eating safe and healthy food. Look at the kids’ transportation costs and see if you can save on this without sacrificing kids’ safety. It may be possible to use a bicycle, school transportation or a car pool for example.
Each family’s situation is different. There may be other ways in which you can save money on your kids’ schooling. By being creative you can surely save a lot of money by cutting down on your kids’ schooling costs.