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Budget
School
Expenses
It anyone anticipates the beginning of the school year with more delight than parents, it may be the retailers. But clothes and school supplies represent only the tip of school expenses.
The Consumer Price Index over the last six months showed a jump of 11.3 percent in personal and educational expenses. And these figures account for more than just incidentals. Transportation, food, clothing and entertainment allowances all are affected by the return to school.
As you realize the extent oi school expenses, you might want to have your child assume some responsibility for their payment. While parents must provide for their children's education, the student might be given an allowance to use at his or her discretion.
The total allowance given to teenagers weekly in the U. S. was recently estimated at $80 million. According to the Rand Youth Poll, the average amount is about $16 weekly per teen. And more young people are holding part-time jobs.
i
80.7%