Prepare for back-to-school costs
Submitted by: Judy Bryant
South African parents and guardians are grappling with the financial reality of preparing their children for the school year. With many family budgets already stretched, the added expenses can feel overwhelming.
The costs for essentials like fees, uniforms, textbooks, and stationery add up quickly. Additionally, families must account for sporting equipment, technology, transport, class outings, and extra lessons.
According to research by the Old Mutual Group, putting a child through the public school system in 2023 cost approximately R651,313, while private schooling averaged R1,901,549. Public primary school fees averaged R24,408 annually, and private primary schools cost R71,496. Government high school fees were approximately R36,072 per year, compared to R105,084 for private high schools.
The financial strain is further exacerbated by annual increases. According to Statistics South Africa, education was 6.3% more expensive in 2024 than in 2023, exceeding the 5.7% rise in 2023 and marking the highest increase since 2020.
Sarah Nicholson, operations manager of JustMoney.co.za, a platform dedicated to helping South Africans make better money decisions, stated:
“The high cost of schooling can be tough for many families, but education is one of the best investments you can make in your child’s future. Planning, prioritising, and creativity can help you start the school year right without breaking the bank.”
Practical Tips to Lighten the Load
- Plan Ahead: List your child’s needs and prioritise essentials to avoid unnecessary expenses.
- Compare Prices: Shop around for supplies and utilise discounts and loyalty programmes.
- Check Second-Hand Options: Search for pre-loved books, uniforms, and equipment, or swap items with other parents.
- Label Everything: Personalise school items to minimise losses.
- Assess Technology Needs: Opt for learner discounts or consider bulk purchases with other parents.
- Keep Receipts: Track all expenses for accurate budgeting.
- Budget for Fees: Explore payment plans, bursaries, scholarships, or fee exemptions.
- Assess Extra-Curricular Activities: Limit activities to what suits your budget.
- Monitor Subscriptions: Cancel unused educational app subscriptions.
- Use Free Resources: Leverage online platforms for educational materials.
- Communicate with Teachers: Discuss specific requirements to budget for extra lessons or counselling.
- Save on Transport: Consider carpooling or affordable transport options.
- Organise Lunchboxes: Plan simple, nutritious meals at home and buy food in bulk.
- Set Up a Savings Fund: Save monthly for future school expenses.
- Plan for Emergencies: Keep a reserve for unexpected costs.
“Being organised, exploring cost-saving options, and seeking support where needed will set your family up for a smoother start to the school year,” Nicholson advises. “A solid financial footing creates lasting peace of mind.”
About JustMoney.co.za
JustMoney.co.za is a trusted name in the personal finance sector, offering articles, money management tools, and various financial solutions. Over 700,000 South Africans use its free credit score platform to make informed financial decisions. Register here.
Press Release Submitted By
Company Name: Meropa Communications
Website: JustMoney.co.za
Total Words: 592
Social Media Post
Prepare for Back-to-School Costs
With smart budgeting, you can make back-to-school preparation easier for your family!
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