Little Lord Moneybags
Kids cost aplenty.
Adele Hamilton, Editor Parent24 (Shawn Benjamin)
“Do you need to borrow some money, Mommy?”

This is said in a condescending tone by my 9-year-old at the till where I am scratching for the R5 I am sure is in the lining of my bag.

I admit, money flows out of my pockets. All I have to show for it is an empty box of juice in the fridge; 5 packets of instant noodles; and a roll of over-amorous sticky plastic I’m trying to introduce to a reluctant textbook.

I find that first month of school murder on the bank balance. You would think I would know by now to start saving for the January horror in August. Maybe this year?

My husband and teen share my lack of fiscal savvy, but somehow son number 2 always has some to spare. Long may it last, because the way things are going I may need that loan soon. I’m clearly not the only one with money on my mind: Tracey Hawthorne has worked out that her teens cost around R100 000 a year. Each. 

And then to add insult to injury, they need pocket money. Our home page poll showed that most people believe that pocket money should be paid from school age. But there were some mavericks who don’t believe in pocket money at all. See the results.

If things are so bad you're struggling with school fees, try our new School Fees Exemption Calculator to see if you qualify for help.

How’s your family chewing on the financial crunch? Do your kids have a clue when it comes to saving? Let’s talk the truth about money.

Read Parent24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.


Want to know what your baby looks like and what you can expect at this stage?



Everything from parties to pre-schools in your area.