Average Cost of School Supplies
A recent study showed that on the low end, parents end up spending approximately $600 a year per child for school. This figure included school clothing, shoes, supplies, and electronics. For children who are enrolled in specialized classes such as advanced math, art, or photography classes another $250 can be added to that figure.
Most students are expected to have all of the necessary school supplies on the first day of class. This means you can expect to need to pay a large chunk of the overall money needed for the year during a single month.
Extracurricular Activities
While schools struggle to find the necessary funding to keep the required programs open, they look to parents to supply the money for extracurricular activities. Most experts will agree that students need to participate in activities outside of the standard curriculum to develop social skills. Many schools have charged students to participate in sports, and more are going that direction.
On top of equipment, insurance, uniforms, and transportation, many parents are now faced with needing to come up with $100 or more just for their child to enroll in an activity. This is another expense that is usually not spaced out over time, rather it's all due at once.
Additional Expenses
Throughout the year many other expenses will arise. Tickets to school performances, money for field trips and other activities, and even year books and high school class rings can be thrown in the mix. A yearbook can be as high as $75, and class rings can run up to several hundred dollars.
Finding the Money
While most experts will tell you to start saving money for school expenses early on, very few people are able to actually do this to the extent which they need. Between standard living expenses, and the unexpected things that pop up, putting more than $1000 a year aside can be a struggle. Many people turn to payday cash advances to help with the necessary school expenses.
With this option the money you need is available with in just a few hours, and is paid back over your next few paychecks. This makes it much easier to front the necessary funds to keep your child thriving in school. Since the loan is paid back in a few weeks, there aren't long term interest rates to contend with, and you aren't left with the feeling of an empty bank account.
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