MyMoney Online

The cost of education (and alternatives to scrounging to afford private school)

Also read the following related article:

* Quality school (not university!) education will cost you between R1m and R7.7m

The Money Show's Bruce Whitfield interviewed Galileo Capital Financial Advisor Warren Ingram about the skyrocketing cost of education (currently rising by nine percent each year).

  • How much will it cost over a full education “career”? It could be around R1 million for a quality public school education and about R2.2 million for a private school.

  • Are there alternatives you should consider?

  • Is “private school at all costs” really a good idea?

  • What are the social and/or economic impact on your child and family if you scrape every cent together to afford the best private school?

Listen to the audio (scroll down) for more detail and answers to these questions.

It’s not true that the most expensive equals the best. The old Model C schools provide a great education. You’re robbing your family’s financial future if you scrape by to afford a private school.

Warren Ingram, Galileo Capital Financial Advisor

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : The cost of education (and alternatives to scrounging to afford private school)


Recommended

by NEWSROOM AI
Read More
How to pay up to 45% less tax (and save the SA economy while you’re at it)

How to pay up to 45% less tax (and save the SA economy while you’re at it)

The Money Show’s Bruce Whitfield interviews Darryn Faulds, a fund manager at Grovest Group.

9 tough questions you should never be afraid to ask your financial advisor

9 tough questions you should never be afraid to ask your financial advisor

Times are tough. Don’t spare her feelings! You must ask these questions of your advisor, implores Galileo Capital's Warren Ingram.

Hottest JSE-listed shares to buy, right now (by Arqaam Capital)

Hottest JSE-listed shares to buy, right now (by Arqaam Capital)

The Money Show’s Bruce Whitfield asks portfolio manager Ashraf Mohamed what he is buying right now.

What it'll cost to educate your kid abroad (and how much you must save a month)

What it'll cost to educate your kid abroad (and how much you must save a month)

Bruce Whitfield asks Galileo Capital Financial Advisor Warren Ingram about the cost of educating a child overseas.

Game over, Tencent (i.e. Naspers)? No, it remains a profoundly good longterm buy

Game over, Tencent (i.e. Naspers)? No, it remains a profoundly good longterm buy

It’s not the beginning of the end of Tencent, says portfolio manager Francois Strydom, despite it losing R3.2 trillion in value.

Quality school (not university!) education will cost you between R1m and R7.7m

Quality school (not university!) education will cost you between R1m and R7.7m

Sending your kid to a quality school will cost you more than you ever thought possible. Read this and start saving now...

Popular articles
'It's unacceptable that government officials pay R75 for luxury apartments'

'It's unacceptable that government officials pay R75 for luxury apartments'

IFP national spokesperson Mkhuleko Hlengwa says the party is calling for a review of these rates that are a cost to taxpayers.

[WATCH] Man exposes people selling stolen goods on Facebook

[WATCH] Man exposes people selling stolen goods on Facebook

Anton Fourie says he used his phone to record the interaction to create awareness of what is going on in the community.

[WATCH] Sars boss confusing, evasive testimony at Nugent Commission

[WATCH] Sars boss confusing, evasive testimony at Nugent Commission

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Pieter du Toit on VBS, Malema's EFF and contradicting ethics

Pieter du Toit on VBS, Malema's EFF and contradicting ethics

Malema has accused the rogue unit of still being operational and Pravin Gordhan of working in the background against the EFF.

Zondi tells court that she had to 'look happy' in church out of fear for Omotoso

Zondi tells court that she had to 'look happy' in church out of fear for Omotoso

Cheryl Zondi is testifying against Pastor Timothy Omotoso who is accused of rape and human trafficking in his Durban church.

Getting drunk improves creative problem solving - Harvard Business School

Getting drunk improves creative problem solving - Harvard Business School

Bruce Whitfield asks branding and advertising expert Andy Rice about a peculiar study that has creatives reaching for the tequila.