#MyPersonalFinancestory-School Fee Burden

Hey, I feel it won’t be a bad idea to tell my own #mypersonalfinancestory.  My name is Steve and I am from Edo State, in fact a typical Benin boy. I used to work with the Edo State Government until Five years ago when I got my current Job which transferred me to Lagos. To tell the truth I never liked Lagos life for anything but the MONEY was needed for the family, oh I forgot to mention that am married and have three children, two of which were in school as at the time I got the big Job in Lagos. My thought was to relocate my family to Lagos and settle in, but one thing is typical of me, I love to count my cost before making any financial move, I hate financial surprises. Besides, I am not an accountant but an engineer. I moved down to Lagos and went on school hunt for the kids and then I got the shock of my life; The schools were expensive, good schools of the same standard like the ones they attended in Benin City were three times the cost and the cheap schools were washout, couple with the fact that the selected accommodation was also on the high side, and the cheaper flat we were staying back in Benin was not just cheaper, it was bigger and better by all means possible. I reasoned with my wife and we reached a conclusion to keep them in Benin City. 

We reached the conclusion after doing cost and benefit analysis and today, I am happy I let them stayed back in Benin, has I am able to save better and give them quality education without putting myself under any form of financial burden, my family today lives in the house we built in Benin City while I work in Lagos and stay in a BQ. I decided to send this in after a colleague at work complained of the huge school fees to be paid by the third week of January.

Thanks Steve, the Flash points for me are as follows:

1)      You did not rush into decision making as soon as the salary status changed.

2)      As a married man you carried your wife along in your decisions.

3)      You counted the cost.

I know a few people might have reservations about Steve’s decision, but he acted according to his capacity.

You too can share your story on #mypersonalfinancestory, just contact us on twitter @pistis03.

Stay financially healthy as we progress on our journey to financial freedom; share the blog among your friends, families and foes.

WE WISH YOU A FINANCIALLY BUOYANT 2016.