Existing clients can use these links to log in to the Infinity dashboard. Not a client? Why not get in touch to find out about our services.
Going back to school after the long summer break is a time filled with excitement and trepidation for all children. It can also be a time of back to school financial stress for parents. School fees, new uniforms, sports kits, stationery, after-school clubs and activities; the list of things that need to be paid for can seem almost endless.
School fees are obviously the most significant financial consideration and can be a serious burden on a family budget unless carefully planned. Back to school financial stress is unavoidable to a certain extent, but with forward financial planning it can be reduced to a more manageable level.
Families with children at boarding school not only have to cope with the additional stress of goodbyes and the worry of their children being away from home, but may also have to organise and pay for travel, visas and passports. It all takes time, planning and money.
From nursery through to secondary school and on into tertiary education at university, everyone wants the best for their children. Good education is not cheap and as expats, options for the best educational opportunities often involve private international or boarding schools and overseas universities. Alongside the fees, parents also have to consider travel expenses, school supplies, uniforms and everything else required by a 21st century student.
Although many will not have prepared for nursery or kindergarten fees, these pale into insignificance when compared to the cost of secondary school and university fees. Fortunately there is plenty of time to prepare for these more substantial expenses if plans are made early on in a child’s life.
University comes with the additional challenges and expenses of children adjusting to a more independent lifestyle. In addition to living and travel expenses, some expats may find they have to pay overseas student’s fees even in their ‘home’ country. It is essential to prepare for these costs long before that acceptance letter arrives from the chosen college.
Making long-term financial plans for savings and investments to build up a suitable education fund can require serious research, planning and effort. It is often necessary for parents to plan years in advance. However, it will be worth it when the time comes to meet education costs.
A financial adviser can help select suitable savings and investment solutions to create an education fees plan. Budgeting for fees and for the extra costs that come with each new school year need not be a source of stress; with good advice and advanced planning, any potential burden on your income or savings can be avoided.
At Infinity, we are experienced not only as professional and independent financial advisers but also as expat parents. If you want to cut down on your back to school financial stress, do not hesitate to contact us to explore the best solutions for your education fees planning.
This Site and the Content are not directed at or intended for distribution to any person (or entity) who is a citizen or resident of Hong Kong (or located or established in) any other jurisdiction where the use of the Site would be contrary to applicable law or regulation or would subject Infinity Financial Solutions Limited to any registration or licensing requirement in such jurisdiction.
Persons (or entity) who is a citizen or resident of Hong Kong please click on the link below to access our Hong Kong Site.