Financial Consequences of Homeschooling

Homeschooling is great!  If I had to do it over again, I would.  But, there is something that is never discussed at Homeschool Seminars or in books.  The financial situation of a family is an important issue to consider when you decide to homeschool. 


As we decided to homeschool, we were a young family with a comfortable income.  We felt that we really should homeschool our children, based on a number of factors.  But, I feel we were naive in our ideas about future finances.  It's easy to say that everything will turn out fine.  We said that we would make the sacrifice to homeschool, by keeping Mom at home.

With a regular paycheck and good insurance it was easier to feel secure financially.  Though we did make sacrifices, such as: less money for vacations, nicer clothes, better and safer cars, etc., we still were being naive.


For us, the realization was much more harsh, when my husband retired.  Although we had retirement funds saved, we didn't foresee many problems.  We didn't plan on my health becoming horrible and all the bills that would bring.  We didn't plan on insurance becoming a huge expense (with higher premiums and bills on the horizon). 

Yes, we trust God and always have.  God has never left us and never will.  But, I think it's important to be honest and plan carefully for the future.  When the homeschool years are over, what will happen to you financially?  While you are young, try to look ahead and ask yourselves these questions. 


Even though we were savers, we probably would have saved even more.  Hindsight is truly 20/20, so I know we can't prepare for everything.  I would like you and your family to carefully look at the future, because it will get here much faster than you expect.

@2018, copyright Lisa Ehrman


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