August 12, 2020
Written by Tasha Ann Miller
Disclaimer: This article is not a source of professional financial advice as it was written for informational purposes only. Please speak with your certified financial advisor about safeguarding the future of your child or children’s education.
The struggle to find the solutions to the new normal of education and recover from the financial devastation left by COVID19 continues. Children all across the world were forced to stay out of schools for months, and now they must face the fact of returning either physically, virtually or being home schooled. However, the cost to do either is being severely hampered by parents who no longer earn and have depleted emergency savings where contingency plans have failed. Moreover, the overall focus is to ensure the safety of children in all circumstances. This is defined by navigating the thin ropes of finances available in some home to ensure children are equipped to continue their education despite the pandemic. However, the task is now to create a new budget for education as the future of this present generation depends on it.
Long-term investment: Education must remain a top priority
The cost of the imbalance is real – education or health. Therefore, being realistically cautious is the key to ensuring that children are being equipped to advance to the next stage in their lives with the proper education. The call for parents is to make huge sacrifices where they have already sacrificed everything to rip the future of their children from the teeth of this pandemic. It is hard to imagine a sacrifice from a sacrifice but it must be done for the vision yet to be seen of the children. It’s that living, breathing destiny of your child or children that will resurrect life to the fights of a parent in this season.
The cost of time is not quite calculated in the lifetime job of parents; however, during this global pandemic, parents are beginning to realize the value of their time in relation to the school fees they would pay a teacher to impart knowledge to their children. Therefore, this comparison must be measured as the long-term investment parents will deposit in their children by providing them with the very foundation of who they are – what they have learned from their parents. It’s the heavy responsibility of being the vision holder until your child can understand the purpose they carry. Therefore, there is a way beyond unemployment, beyond the single parent household, beyond the bills, behind the red in your finances, beyond the depression, beyond what your mind conceives as impossible, beyond the news stories, beyond the sadness in the face of the child or children – beyond it all, there is still a way out. There is a way because God has created every child on earth, and he has designed them with purpose.
“This is a stressful, unpredictable time for everyone, including families, parents and children. You can help your children by providing them with a structure and routine, and being a positive force in their education,” says Dr. Pamela Hurst-Della Pietra, President of Children and Screens: Institute of Digital Media and Child Development.https://www.childrenandscreens.com/media/press-releases/covid-19-and-at-home-learning/
Some parents are actively engaged in the development of their child since birth. However, there is a renewed drive in this season to cushion the fears of children as they cannot fully understand the ramifications of this pandemic which requires their co-operation to follow the preventive guidelines. Therefore, parents may need to bear the financial costs of following these guidelines which may include paying for taxi services to transport their children as to obey social distancing guidelines. It’s a lot of new expenses that will become a part of the ‘new normal’ budget which could also include home schooling or online teaching services. Therefore, parents will need all the financial assistance they can get dependent on the extent of their affordability or not.
In the Caribbean, parents are planning, and preparing for the return of students to the classroom, virtual learning, or home schooling. The methods will come with the additional cost of a global pandemic that has severely crippled the economic pillars of families. To offset the cost of this new adjustment, parents must be willing to sacrifice more of their time to ensure that their children can cushion the impact it will have on their education. Therefore, this will include, parents creating supplemental teaching systems at home if they are not able to immediately send their children back to school or have limited resources. The long-term investment of their time to creatively teach their children using available resources, whether it be a snack package, chart making, YouTube videos, and other online learning technology will create a dent in the impact of the COVID19 virus on education systems.
Furthermore, any available access to the internet by parents must be used to bolster the child’s learning. No one will get serious about the child’s education if the parent or parents cannot fathom the vision of education not just for today but for the future of the society. Parents are not just preparing their own children but the next generation leaders and decision makers. It is critical to understand the value of your time as parents in the present and the future equity value of your sacrifices today.
Read more in tomorrow’s post where I share some of the ways to get assistance for your child or children’s education.