Finance Lessons for Home Schoolers

Once considered a fringe group, parents who home-school their children aren't such rarities anymore. Families looking for an alternative to schools with too few challenges or too many distractions, or for a way to tailor the curriculum to a child's needs, have swelled the ranks of home-sch...

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Bibliographic Details
Published in:Kiplinger's personal finance 2007-03, Vol.61 (3), p.88-89
Main Author: Amy Esbenshade Hebert
Format: Magazinearticle
Language:English
Subjects:
Children & youth
Community colleges
Core curriculum
Cost control
Education expenses
Extracurricular activities
Families & family life
Home education
Museums
Personal finance
Savings
Secondary schools
Students
Teaching
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Summary:Once considered a fringe group, parents who home-school their children aren't such rarities anymore. Families looking for an alternative to schools with too few challenges or too many distractions, or for a way to tailor the curriculum to a child's needs, have swelled the ranks of home-schooled kids. In 2003 more than a million children were being taught at home, a 30% jump from 1999. Estimates now put the number closer to two million. Whatever the advantages of home-schooling, saving money isn't necessarily one of them. Add up what you spend on books, curricula, tutors, field trips - not to mention the loss of a second income if one parent becomes the full-time teacher - and the cost of home-schooling can easily rival paying private-school tuition. Three ways to save wit home schooling are: 1. Buy used books and take advantage of sales. 2. Take advantage of community resources, such as libraries, museums and colleges, which may offer classes or discounts. 3. Consider tapping your Coverdell education savings account to pay for supplies and other expenses.
ISSN:1528-9729