A new school year can cost half of your family's monthly income. How to save? – Y news

The financial joy of the first celebration of the arrival of September can be shaken – even no news for inexperienced parents. To send their offspring to a school in Lithuania, an average wage family can cost half a monthly income. But even for considerably higher wages in Western Europe, it is just as much financial burden.

According to estimates by private investigators and published online, a child in Lithuania now costs about € 225 to € 460, while the average post-tax wage in Lithuania in 2018 is about 700 euros. So, for families with an average income of 4 children, where two children go to primary or secondary education, the average costs for starting a school year are about € 686, which would be about half of the monthly income of that family. .

Although the wages abroad are higher, – the same

Although the wages in Western European countries are higher than in Lithuania, the ratio between school goods and salaries is comparable. According to the data from Ireland, one of the most popular Lithuanian emigrants, the Credit Union League (ILCU), this year, will issue a child at school, costing about 1,000 euros. In Ireland, the average net wage is € 2,227 per month, so a family with 4 people needs about 45% of the total monthly income for a two-year school year.

National ILCU research shows that, despite higher salaries in Ireland, two thirds of families begin their school year. financial burden. Almost half (46%) of the parents are most concerned about the financial costs of comparing all school-related concerns. More than a third (36%) of parents said they had borrowed for these expenses.

Savings are possible without looking for compromises with quality.

According Donatas Stoškuvienė, Customer Support Manager of Credit24, is often advised to provide school supplies in advance – when they start a few months before the school season starts in large supermarkets or specialized office bookstores. However, it is often worth waiting and buying only basic goods such as backpacks or sportswear.

"At the beginning of the school year it is best to consult a teacher – this ensures that you only buy the necessary items and avoid the goods that will not be used and will become a source of extra costs. If necessary, you can contact the teacher or the school administration in advance Also, at the beginning of the school year, school supplies are subject to higher discounts, "- says a financial company specialist.

D. Stoškuvienė also advises to follow shopping centers on social media platforms, subscribing to their newsletters. These channels sometimes report special discounts for followers only, who offer discounted rates. On social networks you can also find parenting or student parenting groups where older students sell their textbooks or uniforms cheaply.

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