• Private Schools
• Advice Guide
• Paying for School

If this sounds like your family, you'll need to prioritize expenses and effectively manage your cash flow so your child may attend the school of their choice and have the education and experiences that you desire for them.

As a past editor of Our Kids Private School Guide, I interacted with hundreds of parents that had many questions about how to pay for private school tuition. Parents were really excited about the opportunities private school offered their child, but were unsure how they could make it happen financially. Today, I am a financial advisor with WSC Insurance Group in Oakville, Ontario and have refreshed answers and ideas to help parents with these financial concerns.

There are a number of practical steps you can take to be financially ready to send your child to private school, and keep them there:

• Budgeting – Prioritize your family's expenses to find the money for private school tuition. Simply being organized could make private school education a reality for your child.
• Protection – Once your child thrives in their school, you will want to ensure that you can continue to pay private school tuition even if you or your partner lose their income due to illness, injury or dying prematurely.
• Investments – It is important to ensure that the money you save grows, is tax efficient, and available when you need it.
• Loans – Borrowing money may be necessary for many parents, but you must be smart about borrowing and not put your family's finances in jeopardy. You always want to be in control of your debt.

Organizing your family's finances in a healthy manner is a necessary step to paying for private school tuition and expenses. If you have a specific question that deals with your own private situation, please email me at dave@wscgroup.ca and I will be happy to get back to you in a private manner.