How To Save Money For Your Child’s School Needs


There are tons of responsibilities that every parent needs to accomplish. One of which is making sure that you can send your child to the right education institution or choose the perfect homeschooling arrangement for him. As you probably know by now, these things can be expensive or costly on your part. As such, there is a necessity for you to start saving up while your kid is still growing up.

Before anything else, you must keep in mind that your child’s education is essential to his growth and development. “Attempts to teach intellectual skills directly inevitably fail, because each child must develop them in his or her own way, through his or her own self-initiated activities,” wrote Peter Gray, Ph.D. “But adults can influence that development through the environments they provide,” he says. Because of this, you must never consider sending him to a low-class school. Make sure that you will become more motivated in working hard to provide for his needs, especially when education can take up years of endless expenses and payments. Here are the top things to remember if you want to save big for the school needs of your child:


Know Your Cash Flow

The initial step to consider is to see to it that you are aware of the amount of money that you earn as well as the cash that goes out of your pocket. According to a financial expert, the more you become more aware of your cash flow, the smarter you become in managing your money. As such, you must make an effort to list down your expenses as well as the amount of income that you receive monthly.

Separate Wants From Needs

If you only have a little amount of savings in the bank, then it is time to consider limiting yourself from shopping random stuff. Always put in mind that your child’s needs must be a top priority. “Willpower refers to effortful control that is exerted with the purpose of controlling our impulsive behavior,” explains Shahram Heshmat, Ph.D., professor emeritus at the University of Illinois. He says that, in some sense, willpower can be treated as resources, and “when resources are depleted, people tend to act on impulse and are more likely to be swayed by desires, urges, and cravings, although they may regret them in the long run.” The next time you enter a store, learn how to say no to sales and discounts. Instead, be brave enough to remind yourself that they are not necessities. You may want them right now, but they are considered non-essential.


Set A Budget

Knowing your monthly income and expense is not the only way that you must do to enjoy big savings. At the same time, you must learn to set a budget for a given week. Make sure that you will set a limit as to how much you can spend on a particular day, week, or month. Make an effort to avoid exceeding that budget. The right thing to do is to put 20% of your monthly income straight to the bank, and the rest of the 80% must be budgeted accordingly. Additionally, Utpal M. Dholakia, Ph.D. says that, “To form a robust habit, the targeted behavior must be repeated regularly, keeping the context constant.” He further elaborates that, “Actively saving money every single day, even if it’s only a couple of dollars, is crucial to forming a saving habit.”


There is no easy way to save money, especially when you have daily needs. However, you have no choice but to learn the rules of managing your finances right. Otherwise, you may put your child’s future in jeopardy if he cannot get into the right school. Whenever you get tired of setting aside cash for his education, remind yourself that you are doing it for the right reasons. Everything will soon be worth it as long as you remain patient and smart in managing your cash.

Is Homeschooling A Good Idea?


There are several ideas or things that you must keep in mind when it comes to providing your children with the proper education that they need. According to Eleesha Lockett, M.S. “Unschooling is the idea that children can direct their own learning, at their own pace, without the rigid structures of formal education. Instead of following curricula, students are given a supportive setting that fosters their natural curiosity about the world.” As much as possible, make sure that they will receive the right kind of schooling while they are still young. Always remember that childhood development is crucial while they are still young. It is the time when they can quickly get ideas about the right things to do and have an open mind to welcome new learning.

Nowadays, parents have several options to choose how to go about the education of their children. Some parents prefer or choose to send their kids to private schools while others decide to send them to public schools. These parents have varying reasons for doing so. At the same time, some mothers and fathers select homeschooling for their children. If you are also considering this option for your beloved child, then make sure to read this article from top to bottom.

For today’s post, our focus will become about the benefits of homeschooling for your child and even for everyone in the family. This article aims to answer the question, “Is homeschooling a good idea?” To find out the answer, check the list below:

It Is More Accessible

One of the selling points of homeschooling is that it provides easy access or convenience to parents. It is the ideal set up for busy moms and dads since the education can be completed at the comforts of their own home. As such, you no longer need to worry about driving to your kid’s school for a weekday. All you have to do is to train him to get ready for school at your own house. Moreover, in transitioning from school-to-home set-up, Stephanie Lee, Psy.D., a clinical psychologist at the Child Mind Institute, says, “It’s absolutely okay to have less stringent demands during that period of time for your child if they need a break. That said, it’s important for them to understand that the rules of the household still need to be followed.”


It Allows More Family Time

“Children and adolescents are faced with not only the incredible pressure at school, but now have activities planned everyday, leaving them no time for play, relaxation and family time,” says Amanda Hills, LCSW, who specializes in children and adolescents. “Children learn about the world through play, and without this balance, they will demonstrate higher levels of stress and anxiety.” Another great advantage of homeschooling is that you can get to spend more quality time with your child. Since he will be taking the classes at home, there is a better chance that you can share meals with him or talk to him about his day. However, learn to respect your child’s time for homeschooling. Never interrupt his classes or lectures at home to ensure that he can learn something from the session.


It Can Be Less Expensive

One of the most common misconceptions about homeschooling is that many people think that it is too expensive. If you only think of the tuition fees, then you are wrong about it. Keep in mind that you must also take into consideration the other factors. For example, think about the amount of money that you can save from your transportation fare or gas allowance. Since you no longer need to drive for your kid’s educational institution, you will be able to save more.


Take note that the choice of homeschooling depends on your personal tastes and preferences. Make sure that no one will compel you to do it. Once you decide to go for homeschooling, there is no turning back. Hence, you must think twice before going for it.