Now that the kids are starting to head back to school, you may think a couple of hundred dollars will pay for their school needs this year.
Not so fast. High school is more expensive than ever, especially if your little baby is now a senior.
If you have a son or daughter in high school, you're probably saving up for college -- and getting nervous about those big bills on the way. You may not realize those big bills start the year before college, when your child is a high school senior.
The $5,000 senior year
College bound high school student?
You could shell out $5,000 to $10,000 during senior year, according to a study by the Newark New Jersey Star Ledger:
Doesn't that stink?
From the "doesn't that stink" file comes the rising costs of all those senior year social activities:
But we haven't even touched on spring break! If your little baby insists on a spring break trip to Cancun, all bets are off. Add another $1,000 or more.
Parents with kids in sports know the cost of all the travel to games. That factor, at least, is not a surprise by senior year.
One way to avoid senior year surprises is to talk with your child about costs in advance. Let them know that if they want certain things, like class rings, they may have to contribute.
That way you don't waste your money, and you -- and your child -- can enjoy senior year.
“Don't Waste Your Money” is a registered trademark of Scripps Media, Inc. (“Scripps”).
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