What if the average cost to educate a child was over $5,000 but you could drop it to just over $500 per child? According to a really old (1997) report on homeschooling, you could do just that by taking your child out of public school and schooling them at home.
Last winter, after several days off school with bitter-cold temperatures, coupled with a few serious cases of cabin fever, I posted on Facebook that I was “feeling overwhelmed” (appropriate emoticon included) about trying to keep my cooped-up kids from fighting with each other for hours, and I wondered aloud (or at least on Facebook) how homeschooling parents handled being with their kids all day — every day.
Well, let me tell you, I innocently fanned some flames. Anecdotal evidence and opinions were fired back and forth including topics such as socially awkward homeschooled kids, the terrible public schools that we have to send our kids to now, parents using school as a babysitting service, and people who shelter their kids too much.
You get the idea.
But as the comments died down, I got curious: What are the benefits of homeschooling, and what are the downsides? What are the financial benefits and downsides?
Source: Crosswalk | Lisa Aberle, Get Rich Slowly