Putting a child through a good school in South Africa comes with a heavy financial burden. An entire basic education schooling career, from primary school through to high school, can put huge financial pressure on parents. For your child to go through a government school from grade R to matric, you are estimated to pay just a bit more than R300 000.
Provision has to be made for your child's education. As a parent you should start some sort of investment strategy as soon as possible after the birth of your child to keep up with the spiralling effect of inflation.
All parents have dreams of sending their children to university, but as things stand only a selected few can afford to do so. Tertiary fees have also increased rapidly making it difficult for most South African parents to send their children to get a university qualification.
As a parent you must find out about the different ways to save for your child's education. It is never too late to invest in a good quality education for your children, but the earlier you start, the better your chances of securing a bright future for them.
It is not just in South Afrika that parents are struggling to promise a brighter future for their kids.
ReplyDeleteEnrichment Centres in Singapore cost so much, literally parents have to work 2 jobs to support that dream.
But is that the case now in SA? there seems to be more of them in the country now to further their studies, so I supposed there are some financial study foundation scheme or something to support them which is great of course.