Parents feeling the stress of back to school
MORE than 60 per cent of Australian parents feel stressed in the lead up to the new school year.
This is according to the 2018 Heritage Bank Back to School Survey.
The survey asked more than 1500 parents to share insights about the costs of preparing children for a new school year.
Heritage Bank CEO Peter Lock said the survey revealed Australian parents spend on average $476 per child on back to school costs.
"The cost of sending kids back to school can add up very quickly,” he said.
The hip pockets of Victorian parents were hit the hardest at around $553 per child, followed by Queensland parents at $487 and New South Wales parents spending around $430 per child.
The highest costs for parents were $167 on school uniforms, $117 worth of books and $87 on sports and musical equipment.
"Not only are there the initial costs of uniforms, bags, books, stationary and school fees, but also ongoing expenses like lunches and transport -it's no wonder a lot of parents are feeling the pinch,” Mr Lock said.
The survey revealed boys were more expensive than girls to send back to school on average.
This was mostly due to extracurricular activities, with music and sporting equipment costing around $12 more for boys.
Mr Lock said the survey results were a great prompt to encourage parents to look at ways to save money not only for the start of school, but all year round.
"Whether it's something as simple reusing items you may already own, only buying the essentials, or keeping an eye out for sales throughout the year, it's important to factor school spending into your overall budget to help lessen some of the financial pressures.”