If anyone claims that being a parent is easy, that person is either not a parent or is in denial.

Don’t get me wrong, being a parent is one of the most fulfilling things that can ever happen to us.

The joys of parenthood can’t be explained by words, one must experience it to be able to understand how parents like me can feel blessed. Still, parenthood is no walk in the park. Sometime ago, my friends and I were discussing our fears as parents and it was one energetic discussion, if I may say. There were many parenting issues we discussed, from letting our kids date, allowances, teachers, books and even canteen food. When we parents start talking about our kids, we can get to be very passionate.

We can also get clueless when it comes to raising our kids, unfortunately.

So what are the top concerns of parents? My friends and I had a long discussion and we had many concerns but we all agreed on our top three—academic excellence, formation of values and education funding.

One aspect directly deals with personal finance (education funding), the other deals with proper parenting (formation of values) and the other one can be deemed as a combination of both personal finance and parenting (academic excellence).

When discussing about academic excellence, we wondered how well our kids fare at school. Among some of the questions: Is the school teaching them enough? Are they being taught too much? Is what they are learning going to prepare them in the real world? Is today’s education good? Is home schooling a viable option?

Parents with schoolchildren are so concerned about the education of their kids because they feel that how they perform in school will determine their success in life. Is it really? Well, the answer to that is definitely a relative one.

An equally big concern my friends and I talked about were about values. We often wonder if our kids will have good values so they can live a morally upright life. Parents often fear issues relating to values such as teen pregnancy, rebellion, drugs, alcohol, smoking and so on. I often hear many parents complain about how wild the new generation is and how they have become “out of control.” Well, the older generation thought that our generation was wild back then, so I suppose this is a natural thing. Still, the issues on values of our kids are giving many parents sleepless nights.

Lastly, another big concern is paying for the schooling of our kids. It seems that now, more than ever, the educational budget of most families are ballooning with the ever-increasing cost of tuition and other education-related expenses. It is not only the tuition and other fees that are a concern for many parents. A big issue with parents is also the cost of tutors. Some kids have tutoring costs that are even greater than tuition costs! If the educational costs will eat up bulk of the family’s budget, quality of life will definitely be affected.

There are no magic solutions for these concerns, no tried-and-tested formula. However, we can learn from the experiences of others who went through similar concerns. In the end, we must take comfort that if we do our best to raise our children and with the Lord in the center of our family lives, we can be assured that we will be raising kids who will bring us immeasurable joy and vice-versa.

“Children’s children are a crown to the aged, and parents are the pride of their children” (Proverbs 17:6, NIV).

QUESTION: What is the best way to properly prepare for our child’s college education?—Question asked via Twitter

Answer: Oh wow, answering this particular question really hits close to home for me. As I write this column, I just issued a check for the enrollment of my children in college.

Providing for the education of our children is never easy and I always say that spending for their education requires blood, sweat and tears so to speak.

As parents, we want to ensure that our children will have a good future and we all believe that having good education is a step toward that direction.

However, the cost of “quality” education is such …

Read full article at http://business.inquirer.net/money/topstories/view/20110517-337082/Coping_with_the_rising_cost_of_education

People say that it is quite a challenge to send our kids to school nowadays and I agree 100%!

Just how difficult is it? About 14 years ago, our eldest daughter Billie entered preschool. I can still remember her anxiety. . . how she didn’t want to be left alone in school and how she clung to her mom’s legs so tightly out of fear of her new environment. . . great memories indeed. Two years later, our second daughter Gabbie had a different experience. . . she didn’t have the fears of her ate and entered the school like a very confident little girl.

Aside from their first-day school experiences, I also remembered their tuition. My first child’s Kinder 1 tuition at her school was about P35,000, and my second daughter’s slightly increased to about P38,000. Today, me eldest daughter’s tuition is now about P 195,000 a year while my second daughter’s tuition is about P 105,000 – that’s a whopping 457% and a 176% increase respectively in a span of over a decade. These figures are not inclusive of books, uniforms, etc. — just tuition! By the way, I don’t have just 2 kids, I also have 2 more sons.

Our concern has always been about providing for our children’s educational costs and after sending kids to schools for over a decade, it doesn’t get any easier.

It’s all about priorities. Filipino parents are so admirable that they move heaven and earth just to send their kids to school. They labor, they sacrifice. . . . It is not uncommon to find deserving students in expensive schools even if their parents can’t really afford it. While that is indeed an admirable trait, it is also a big concern. Why? Many parents pour everything they have into their children’s education without really planning for themselves. The result? They will be dependent on their children in the future, an offshoot of putting everything in the education of their kids.

This is a very controversial argument. It is every parent’s concern and priority to provide for their children, education being one of them. I am not saying that parents forfeit this obligation; on the contrary, I often coach parents on how to properly prepare for education costs. But parents must put things in their proper perspective. The ability to provide for their kids’ education is commensurate with their ability to put their financial life in order. We can’t sacrifice quality living and preparation for the future in the name of our kids’ education. When it comes to expensive education, I often say “go!”, but just make sure you can truly afford it. There are preschools today that cost P200,000 or more. The sprouting of “international” schools that charge outrageous tuition is an indication of how we put value on education. I often ask myself if sending my kids to expensive schools is really worth it. Often, our finances are so drained because of education that we tend to sacrifice other areas like retirement planning, investments, etc.

Is expensive tuition really worth it? Is quality education really all about expensive schools? How much money do we spend on private tutors? We live in a culture that encourages sending our kids to schools—at a price we can hardly afford that it puts too much pressure on us parents. Sacrificing for our children’s future is admirable, and I agree with that 100 percent. But I disagree with putting our children’s hopes solely on educational institutions. Being a training professional myself, I know that the ability to teach people is not just about good teachers, materials and facilities. It’s really more than that.

Honestly, did we really use what we learned in college when we started to work? Probably for doctors, dentists, lawyers. . . but for the rest of us? Hmm. Did school really prepare us for life? Do expensive, exclusive schools increase the chances of success? There really is no way for us to validate these arguments, but there is something I am sure about. Not having gone to expensive schools will not prevent a person from being successful. How many successful people did not go to an expensive university? A lot! I often check out many executives and successful entrepreneurs for their educational background. There are just as many successful people who did not go to an expensive school as those who did.

Catch part 2 of this blog, soon!