School Shopping Saving Tips For The School year

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The new year also means the start of a brand new school year. With this comes extra expenses to kick off 2022.


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The new year means the start of a brand new school year. With this comes extra expenses to kick off 2022.

Parents have to fork out money for stationery, school supplies, textbooks, new school uniforms and a fresh balance of school fees. Getting all the items needed in order for your child to start the new school year is expensive.

In the past some schools may have required parents to purchase school clothes from a specific retailer. A new law now allows parents to purchase school clothes from any retailer. This announcement came as welcomed relief for parents, as it could potentially result in them saving them money.

Here Are Some School Shopping Saving Tips For The New Year…

John Manyike, Financial Education at Old Mutual head believes that a mistake that parents make when they think of school expenses is that they think short term.

Often, planning for the eventual expenses that comes with a new school year will be beneficial to parents.

Tip 1: Plan in advance. One possible thing you can do is to use a portion of your 13th cheque or end of year bonus to purchase school items.

Tip 2: Plan for the future. Back to school expenses will be there next year if your child is not in grade 12. Put away money now so that the impact on your January 2023 paycheck is not as dire it is now

Tip 3: Set up a trust account or a savings account. Your child will attend school for many years depending on what grade they are in. Use every bit of extra money you earn and put it away. Use only what you have to, not what you want to.

Tip 4: Sell things you don't need. If there's something that's taking up space, sell it.

Tip 5: Shop around. Some retailers will offer more competitive prices than others. Take your time to choose the options that better fit your budget.

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