The Real Deal: How to budget if you plan to go back to school as an adult
Going back to school as an adult takes a lot of financial planning, especially if you are providing for your family. Here are some tips.
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Aug 22, 2022, 10:35 AM
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Updated 704 days ago
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2ds agoIt's back to school time for your children, but maybe for
you as well?
News 12's consumer reporter Janice Lieberman gives us The
Real Deal on how to budget for both.
Going back to school as an adult takes a lot of financial
planning, especially if you are providing for your family.
RELATED: Back-to-school resources
Jully Taveras, from Investing Latina, says to cut the
extras.
"This is going to definitely be the time where you're
going to cut back on some of those fun things, so that you can focus on the
education," she says.
You want to choose a degree that pays off. Calculate what
your return on this investment is going to be.
MORE: Getting ready to apply to college this year? This is what you need to know about student loans.
Borrow just enough. "Always unexpected things come up.
And particularly when you're going back to school, you know, it's not just the
tuition that you're paying for, but you're also paying for books. And you might
have to pay for like extra labs depending on what you're studying. So those are
all things that you want to keep in mind," Taveras says.
Make sure you explore any free help you can get. Ask for
grants, scholarships, financial aid. There may be free tutoring available. And
grab donated books!
If you have a story idea, question or tip, click here to reach out to Janice.
