Budget Homeschool

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Teaching your child at home can be financially tricky in most families. But setting a homeschool budget will free you concentrate on the important things.

Planning your finances carefully in order to homeschool will take much of the stress out of the situation. Following a budget can be as simple as setting an annual or yearly amount - and then sticking to it!

The key to success is to plan ahead. Where will you start? It is difficult to achieve financial goals unless you know exactly where you are in your current situation. Spend some time creating a plan for the future.

1. Take Stock. What is your current income - and your current monthly commitments?


2. Set a budget. What can you realistically afford to spend on homeschooling? Set a figure somewhere between what you think you can stretch to - and what you could easily afford.


3. Automate. Set up a 'homeschooling account' and pay your set amount into it. This account is to cover your homeschooling expenses. Some months you won't spend it all and you can save the extra for bigger homeschool items. And why not spend any left over at the end of the year on a fabulous field trip for everyone.


4. Track Spending. Keep an eye on your purchases. Are they really adding to your homeschool?


5. Stick to the Plan. Sticking to a budget is not easy - keep away from those glossy educational supply catalogs.

Remember, a simpler and more fulfilling life is generally not an extravagant one. Try these resources to help you stay on track:

Affordable Homeschooling - how to keep to your budget homeschool plans.
Cheap Homeschooling - valuable ideas for cost cutting.
Free Homeschooling - freebie printables and resources.

Get creative and try some new ideas. Every month I produce a newsletter to inspire and encourage you in your homeschooling. Click the button below now to get inspired!