Wednesday, March 27, 2013
Education Expenses in Bangalore
A survey in the following program shows that we are spending 20% of a person's income for educational expenses of a child!
http://www.dailymotion.com/video/xyef61_en-desam-1_shortfilms#.UU1j9RdHLwk
Suppose a persons take home income is 10Lakh. He would put his/her child in a school where the average fees will be as follows.
School fees : Rs. 60K to 75K
Bus fare : 12K to 20 K
Extra Curricular : 25K (Dance / Karate / Drawing / Music / Tuition...)
Hobby class : 12K (Swimming / Skating / Sports ....)
Transport Expenses : 5K
Grooming and Accessories :12K
Books / Toys and Gifts :12K
Total : 150K
So, I am sure I will be spending around 15% of income on my daughter itself.
This does not include birthday party, Medical and other function expenses.
Since I have not put my daughter in a school, I don't know the expenses! Once I get to know I will post the actuals.
This is another supporting study from UK,
http://news.bbc.co.uk/2/hi/uk_news/2181963.stm
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