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Planning for Back-to-School Costs Without Stretching Your Salary

Planning for Back-to-School Costs Without Stretching Your Salary

Preparing for the new school term in Ghana can be financially challenging for parents, with costs like uniforms, books, transportation, and fees easily exceeding GH₵1,000 per child. The article advises parents to create a detailed expense checklist, reuse existing supplies, and spread purchases over several weeks to ease the financial burden. Smart shopping strategies, such as buying in bulk from local markets and comparing prices, are recommended. Setting aside funds for unexpected costs and having backup options like borrowing from trusted sources or utilizing savings groups can help manage unforeseen expenses. Finally, the article encourages starting to save early for the next term to alleviate future financial strain.

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