If you are not a trained teacher and just getting started then you could subscribe to a study program to get the hang of teaching. You will find a number of curriculums suited to your child's needs. A curriculum will help you lay down a sketch of how to go about the teaching- where to begin and how to proceed. This will cost you anything from $300 to $1500, but will be an excellent guide to your efforts at home schooling.
Material Costs
You will need some textbooks and work books additionally to begin with. Books such as the encyclopedia, a computer with Internet facility and CD ROM will be required. This will involve purchases and subscriptions. The right kind of furniture and lighting will be required to enable the child to study comfortably. Make shift systems should be avoided as far as possible. Depending on how advanced the studies are, you may need to engage tutorial services at the high school level. This could cost you something like $300 per subject. Other overhead expenses will involve non-academic subjects like music, art, drawing/ painting, sports and sports equipment. Besides, there are always the extra curricular activities like swimming, horse riding, and skating. Educational trips to art galleries, museums, theatres, sports and games, and parks and zoos would also be part of the learning process.
Indirect Expenses
When an educated mother needs to spend her time at home to educate and teach her child instead of taking up a job, it would mean a loss of approximately $38,000 a year. That is a lot of money, which could otherwise handle the family expenses.
Handling School Learning Program Costs
Getting a grip on home schooling costs can be handled judiciously. This can be done by organizing group participation or support group activities. Resources could be shared and circulated through a library facility instead of buying all the books and reference material. In the case of tutorial services too, this could be combined to cut down on costs. Educational trips and outings could be organized jointly to handle expenses. This way the children learn to interact with others their age, which is otherwise possible in an educational institution. In some states, public schools permit home schooled children to access their facilities. They offer annual stipends to enable payment for music lessons. It would be worth your effort to check out what the local schools offer.
Tips to Save Further on Home Schooling
If there is more than one child in your home, then this brings down costs considerably. Material once purchased can be reused for the next child. You could also explore the local library for your need of books and encyclopedia. This will further reduce expenses on purchases of books and also allow access to the latest.
Finally, your child's education is an investment and not a wasteful expense. So if you manage it well it would be a rewarding effort.