A lot of parents are considering shifting to homeschooling full time due to the COVID-19 pandemic as well as a desire to be self-sufficient.
If this sounds like you then you could be saving your child from a world of negative peer pressure, drugs, bullying, and other safety concerns that parents worry about.
However, homeschooling isn’t free, and there’s a financial cost to it that parents must consider before they start.
To help you budget for your homeschool journey, we put together some of the main costs that you have to consider.
- School Supplies
Second only to Christmas, the school opening season is the busiest shopping season of the year.
Parents can spend upwards of $1,000 to send their children back to school and now that they have to purchase tablets, laptops, and digital software, this could cost even more. But all of this is vital to online homeschool.
Parents must invest in a quality home school curriculum and most of the good ones don’t come cheap.
While there are plenty of resources and tips on how to create your own curriculum, this could end up costing you more time and twice the money! But if you have the time and a large budget then this could be a fair option for you.
It costs about $300 to $600 per year for a parent to purchase a homeschooling curriculum with all of the resources that you need to carry out lessons.
- Field Trips
Apart from the academic side of things, field trips are essential to the homeschool curriculum. They can range from trips to the zoo to seeing a play or a symphony, visiting a farm or a factory.
While some of these activities can cost money, some are available for free, such as a trip to the beach, local park, or museum.
Families can even make use of Groupon deals to save on homeschooling field trips.
- Extracurricular Activities
One of the downsides of homeschooling is that it can make children socially awkward if they don’t have access or playtime with their peers.
This lack of social interaction can really affect kids in the long run, which is why parents should invest in extracurricular activities for their children so that they have a chance to socialize with other kids of their own age.
Kids love to play and you can give them an opportunity to play with their peers by signing them up for swimming lessons, dancing lessons, music classes, and other activities that are available in your local community calendar.
Homeschooling is very demanding and if you already have a full-time job then you won’t have time to educate your child and do your work.
That’s why homeschooling is mostly recommended for stay-at-home parents otherwise you might end up losing income while investing time in homeschooling.
If your home depends on a single income, then you should carefully consider your options and the financial consequences of homeschooling for your family.