Back-To-School

For the last 2 years, ever since my kids started schooling, I have been going to this one-stop center at OU to buy all back-to-school stuff, from school uniforms and shoes to stationeries. This year however, is different. Why? Not only the utilities rates, tolls and fuel have increased, even new workbooks have been added in the booklist and the prices of school stuff has escalated. Yes, I feel the pinch and that has forced me to make a multiple-stop when buying the school items.

Nevertheless, in years to come, prices will continue to rise. Here are some of the tips in today's NST on how to cope with the rising cost of living.

* Think of ways to cut down on spending, such as reducing recreational activities.

* Start saving and don't buy at the last minute.

* Survey all options before deciding on an item.

* Be objective and rational when spending on children. Do not give in to demands because you feel guilty for not spending time with them, and yet do not be tight-fisted.

* When you buy branded goods for your child, aks yourself if you are spending more than you need.

* Let your child understand the value of money and instil in them the spirit of conservation.

* Start investing in education trust funds.