Sophie has not thought about her children’s education. She feels bad that it is not on her list, but it is because education is expensive, and she has two children to pay for.
Themba agrees with her, education could be expensive – if you don’t plan for it.
Let’s look at the costs involved in the table below:
The approximate cost for education for High school and university.
| YEAR CHILD ENTERS HIGH. SCHOOL. | High School Public (Five years) | High School Private (Five years) | UNIVERSITY (THREE YEARS) |
| 2016 | ZWLR169 000 | ZWL675 800 | ZWL249 500 |
| 2018 | ZWL200 700 | ZWL803 000 | ZWL296 400 |
| 2020 | ZWL238 500 | ZWL954 000 | ZWL352 200 |
| 2022 | ZWL283 400 | ZWL1 133 400 | ZWL418 500 |
| 2024 | ZWL336 700 | ZWL1 346 600 | ZWL497 200 |
| 2026 | ZWL400 000 | ZWL1 599 900 | ZWL590 700 |
| 2028 | ZWL475 200 | ZWL1 900 900 | ZWL701 800 |
| 2030 | ZWL564 600 | ZWL2 258400 | ZWL833 800 |
| 2032 | ZWL670 800 | ZWL2 683 300 | ZWL990 700 |
Sophie shakes her head and says she cannot afford to send her children to
school and still pay for their studies afterwards. Themba asks her to be.
patient, he hasn’t shown her how she can save for their education as well.
as her own.
HOW CAN SHE SAVE?
One way she could save specifically for education is through an education.
savings plan Sophie starts to feel a bit better. Themba tells her that he will.
tell her about other savings vehicles when they discuss the Secret of the
Lion, but it is first time to have a look at the Secret of the Elephant.