How much do I need to save each year for our child's school?

How much do I need to save each year for our child's school?





The cost of educating a child from primary school through to A-levels can be considerable. Even if your child attends a state or academy-funded school, you need to be prepared for the expenses incurred by school uniform, school trips and the ongoing stationery and books that they will need. The Child Education Savings Calculator will help you to budget for your child's education from before they even start their first day of school to their graduation.



Firstly enter the number of years before your child is due to start school, and then enter the current bank interest rate. Estimate the cost per year of your child's education - perhaps talk to other parents to work this out - and then factor in the number of years they are expected to be in school. The resulting figure will be the amount you should aim to start saving now in order to be able to afford to put your child through school. The Child Education Savings Calculator can also be used to work out the full amount of savings you need if your child goes on to university.

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