Back to School Tips
With the back to school around the corner, many parents are now preparing for the many tasks that await them including payment of school fees, buying uniforms, and travel logistics. Preparing for the back-to-school season involves several steps to ensure a smooth transition for both parents and children. Here are some tips:
Begin preparing for back-to-school several weeks before the start of the academic term to avoid last-minute stress. Create a checklist of tasks and items you’ll need to complete before school begins.
Review the school’s supply list, textbooks, uniforms, and any other requirements provided by the school. Take note of important dates such as opening and closing dates, academic clinics, visiting days, etc.
Purchase early school supplies such as notebooks, pencils, pens, backpacks, lunch boxes, and other essentials. Take advantage of back-to-school sales and discounts to save money on supplies.
Review your child’s uniforms and ensure they have appropriate clothing and uniforms for the upcoming school term. Donate or discard clothing that no longer fits or is in poor condition, and purchase new items as needed.
Ensure your child has done all the homework and other assignments.
Gradually transition your child back to a school routine by gradually adjusting bedtime and wake-up times. Establish morning and evening routines that include time for homework, meals, and relaxation.
Arrange transportation to and from school if needed, whether it’s by bus, carpool, matatus, uber, etc
Prepare your child emotionally for the transition back to school by discussing any anxieties or concerns they may have. Listen to your child’s feelings and provide reassurance and support as needed.
Plan a special celebration or activity to mark the beginning of the school term and create positive anticipation. For example, plan a family dinner where every member of the family must attend. Have time for sharing, praise and worship. Read the Bible and pray together. You can also take photos together to create lasting memories.
By following these steps and being proactive in your preparations, you can help ensure a successful and stress-free transition back to school for both you and your child.
BACK TO SCHOOL BUDGETING TIPS
Preparing financially for your child’s education involves careful planning and budgeting. Here are some tips parents to ensure they are adequately prepared:
Develop a comprehensive budget that includes all anticipated school expenses along with your household’s other financial obligations.
Begin saving for your child’s education as early as possible. Consider opening a dedicated savings account or investment account specifically for education expenses. You can open an Akiba Savings account at RG Sacco.
Explore education savings plans such as Rise and Grow Karo Saving Plan that offers many advantages and investment growth potential. With such a saving plan, you can apply for education loans whenever there’s a need.
Estimate Costs for a full year. Tuition fees, school supplies, uniforms, extracurricular activities, transportation, and any other expenses associated with the education of your child.
Prioritize your spending and identify areas where you can cut back to allocate more funds towards education savings.
Research available scholarships, grants, and bursaries offered by the government. Encourage your child to excel academically and participate in extracurricular activities to increase their chances of qualifying for merit-based scholarships.
Explore education loan options to supplement your savings if needed. Compare interest rates, repayment terms, and eligibility requirements before choosing a loan. Click here to apply for Elimu Loan from RG Sacco Ltd.
Calculate the potential monthly loan payments and ensure they fit within your budget before borrowing.
Educate your child about the importance of financial planning and involve them in discussions about education expenses and savings goals.
Encourage your child to contribute to their education fund through part-time work, saving allowances, or applying for scholarships.
Periodically review your financial plan and savings progress to ensure you are on track to meet your goals. Regularly review and adjust your savings strategy as needed based on changes in your financial situation, expenses, or investment performance.
By following these steps and planning ahead, parents can better prepare financially for their child’s education and alleviate some of the financial stress associated with back to school.