As some schools gear up to reopen, this means a fresh new year for students and an influx of fresh new expenses for parents, from transportation to school supplies to hefty tuition fees.
When added all up, the numbers may look overwhelming, but there are ways to stay on top of your child’s school expenses. Assess how much you will need to set aside for the entire school year. That amount could range from as low as P50,000 to as high as P500,000 depending on where your child is studying plus the uniforms, school supplies, books and other things that your child may need. Once you have pegged that amount, you can start saving a portion of your income to contribute to the education fund.
