MyMoney Online

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

Also read the following related article:

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

The Money Show's Bruce Whitfield interviewed Galileo Capital Financial Advisor Warren Ingram about the skyrocketing cost of education (currently rising by nine percent each year).

  • How much will it cost over a full education “career”? It could be around R1 million for a quality public school education and about R2.2 million for a private school.

  • Are there alternatives you should consider?

  • Is “private school at all costs” really a good idea?

  • What are the social and/or economic impact on your child and family if you scrape every cent together to afford the best private school?

Listen to the audio (scroll down) for more detail and answers to these questions.

It’s not true that the most expensive equals the best. The old Model C schools provide a great education. You’re robbing your family’s financial future if you scrape by to afford a private school.

Warren Ingram, Galileo Capital Financial Advisor

Subscribe to our Business Wrap Newsletter

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
Curro's 'Stadio' is the hottest share you can buy this week - Vunani Securities

Curro's 'Stadio' is the hottest share you can buy this week - Vunani Securities

Small and medium cap analyst Anthony Clark shares his stock pick of the week with Bruce Whitfield on The Money Show.

2 shares that should pay handsomely, if you buy them now (by Luthuli Capital)

2 shares that should pay handsomely, if you buy them now (by Luthuli Capital)

The Money Show’s Bruce Whitfield asks Luthuli Capital Executive Director Mduduzi Luthuli for his stock picks of the week.

Huge study clearly shows how chopping and changing investments destroys wealth

Huge study clearly shows how chopping and changing investments destroys wealth

Trading is bad for your wealth. Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

3 best shares to buy right now (by Sasfin Wealth)

3 best shares to buy right now (by Sasfin Wealth)

Three hot investment tips from Sasfin Wealth Portfolio Manager Paulo de Almeida.

Where to invest money you intend to leave to your kids

Where to invest money you intend to leave to your kids

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

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
Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

Sassa cards will be functional beyond expiry date

Sassa cards will be functional beyond expiry date

Sassa says text messages making the rounds asking beneficiaries to come and renew their Sassa cards is a hoax.

Mashaba moves to insource security guards come Jan 2018

Mashaba moves to insource security guards come Jan 2018

Mashaba is also on a mission to identify owners of buildings in the city centre that he says are harbouring criminals.

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

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?