What can I do to cover the costs of my children’s school attendance?

Q Back to school is just around the corner and with two kids in high school and one in college I always dread this time of year. I don’t want to put everything on the credit card, but I’m not sure if I can cover all the costs. Any advice would be gratefully received.

A The back-to-school grant was increased this year, so you might want to check if you’re eligible. According to Credit Union Development Association (CUDA) executive director Kevin Johnson, it’s a help that’s unlikely to mitigate costs. You should also check other government supports that may be available to you, such as: B. Tuition Tax Relief, Medical Expense Tax Relief and other tax relief to which many Irish households are entitled but many never claim. That being said, you can be frugal with your money – shop everything, Mr Johnson said. Certain retail stores, recognizing that many parents are under financial pressure, have launched products to address this. Not everything has to be brand new. If your child has siblings, cousins, or friends who are a year or two ahead in school, it might be an idea to talk to their parents about maybe buying some used items at a great price. If it is necessary to take out a loan, make sure you are dealing with a trusted provider and getting the best value for your money. Personal loans from credit unions, for example, charge much lower interest rates than credit cards, he said.

https://www.independent.ie/business/personal-finance/what-can-i-do-to-help-cover-cost-of-sending-kids-back-to-school-41940501.html What can I do to cover the costs of my children’s school attendance?

Fry Electronics Team

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