The Personal Finance series with Warren Ingram

The value of scrounging (or going into debt) to afford private school

In an unequal society such as ours; the difference between a comfortable life and one of constant struggle is, more often than not, the quality of your education.

Good education comes at a hefty price.

Many parents are making breath-taking sacrifices to make it happen.

Should you scrounge - or go into debt - to afford the fees at a private school?

Should you rather invest in the shares of a private school, and send them to a good public school?

The Money Show’s Bruce Whitfield interviewed Veritas Wealth Certified Financial Planner Barry O'Mahony for his weekly personal finance feature.

For more detail; listen to the interview in the audio below (and/or scroll down for quotes from it).

The greatest investment you can make is in yourself.

Barry O'Mahony

Is education a good proxy for success?

Barry O'Mahony

It is not worth going into debt to afford a private education.

Barry O'Mahony

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Living together, but not married? Tips on arranging your finances…

Living together, but not married? Tips on arranging your finances…

Personal financial advisor Warren Ingram has advice on keeping the money side of the relationship healthy when shacking up.

Drowning in debt? You may be able to refinance (but there are pros and cons)

Drowning in debt? You may be able to refinance (but there are pros and cons)

Galileo Capital Financial Advisor Warren Ingram on "good debt", "bad debt", "neutral debt" and consolidation your debts into one.

Don’t earn much? How to best invest tiny amounts...

Don’t earn much? How to best invest tiny amounts...

Earn peanuts, but want to start investing? You can now buy even tiny fractions of a share at a time. And it's very simple!

How to save for your children’s tertiary education

How to save for your children’s tertiary education

#FeesMustFall, but don’t hold your breath. Take matters into your own hands to ensure a quality tertiary education for your child.

The cost of education (and alternatives to scrounging to afford private school)

The cost of education (and alternatives to scrounging to afford private school)

Education inflation is currently at nine percent. But that needn't exclude your child from receiving quality education.

Quality school (not university!) education will cost you between R1m and R7.7m

Quality school (not university!) education will cost you between R1m and R7.7m

Sending your kid to a quality school will cost you more than you ever thought possible. Read this and start saving now...

Popular articles
[LISTEN] Father shares how he shot the man who raped his daughter

[LISTEN] Father shares how he shot the man who raped his daughter

Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

Is the lovable Winnie The Pooh a boy or girl?

Is the lovable Winnie The Pooh a boy or girl?

A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

Bad temper? 6 tips on how to keep your anger in check

Bad temper? 6 tips on how to keep your anger in check

Anger is a strong and natural emotion that everyone experiences every now and again. Here's how to manage your reactions.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?