School resume for 2nd term of 2021/2022 Academic Session at Masaka Nasarawa State. PHOTO LUCY LADIDI ATEKOInvestigations have shown that many parents spent so much on Yuletide shopping, which may affect meeting the back-to-school needs of their wards amid the financial and economic challenges in the country.
“If parents cannot afford to kill a cow, they should use chicken; if they cannot afford chicken, let them use fish so that they would be able to meet their financial obligations to their wards,” he said. According to him, parents can equally prioritise fees by paying ahead towards the end of the previous term or taking fee payment insurance. Other means he suggested include opening a back-to-school account with banks or approaching the school’s accountant and making a commitment as to how they plan to offset the bill.
He said: “Parents should learn more about financial literacy to aid their spending irrespective of those ceremonies. They should create a special account for their children’s school fees. If possible, parents should create an account with their children’s school so that they can pay school fees ahead.”Kayode noted that payment of school fees and other educational expenses should always be a priority.
“For easy settling of children in classes, parents can prioritise expenses based on their financial strength. Another journalist, Damilare Salami, said parents should have reserves for their children’s expenses come what may. On her part, Mrs. Tope Lawanson, enjoined parents to minimise expenses while private school owners should work with stakeholders.
“So, my take is that parents ought to budget for their children’s resumption ahead of time. This means, as they are spending for the end of the year, they should remember to set something aside for school resumption,” she said.
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