Savings Tips – Going to School as a Financial Balancing Act

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As the start of school takes its toll, many families across the country are having to tighten their belts. The “Krone” provides information on where financial support is available and how you can save.

Sarah is a single mother of two children, Lena (8 years old) and Max (10 years old). She works part-time as a sales assistant in a supermarket and her income is just above the minimum wage. The family lives in a small rented apartment and the household budget is very tight. The approaching start of school in September brings with it major expenses for Sarah. New school supplies, clothing and sports equipment have to be purchased for Lena and Max. In addition, there are costs for school trips, excursions and – possibly – tutoring. In short: going to school eats a big hole in Sarah’s household budget of several hundred euros.

Source: Krone

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