YOUR MONEY
ESTHER MUKUMBO: How to make your rand stretch whilst raising kids
Do you want kids? It’s not a cheap decision — literally and financially
I came across a recent article that stated that “SA parents, on average, fork out R90,000 a year when it comes to raising their children”. Later in the article it suggests that SA parents are looking at anything between R1m and R3m, and sometimes even more, to get a child through school.
As a mother of two, this intrigued me as I am living in this spiderweb. I decided to reach out to my close friends and my community on Twitter to find out if they had financially prepared to have kids. I also wanted to know what is the biggest cost of raising kids and if they are able to save towards their kids’ future. And I wanted to find out what clever ways people use to save in trying to raise children in this economic climate...
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