TOPAZ HORIZON

I wrote an article for Wyeth ParenTeam, 5 Steps to Save for Your Child's College Tuition. It has an equation there that predicts tuition years and years from now. It’s all estimates but you get a good idea of how much you’re going to suffer and for how long hahahaaa huhuhu.

The equation goes: Current tuition multiplied by 1 plus Interest [P x (1+I)] raised to number of years (N).

In my article, the financial expert I interviewed said, “On your phone, just type 300,000 x 1.10 then press the equal sign 8 times. We have just projected that if tuition fees increase by 10% a year for 8 years, then Php 300,000 today will be around Php 644,000 in 8 years, or around Php 778,000 in 10 years.”

That's where I spent 4.5 years of my life, the College of Arts & Letters

Boy. Almost a million pesos for one year in college. A short-term financial solution is to get a loan. My mother got tuition loans from her job all the time so she could send our eldest brother to school. My and my younger brother’s education was free (thank you, Philippine taxpayers!) while my younger sister’s education wasn’t that expensive either. All our college was subsidized because we went to that state university in Diliman (thank you again, Philippine taxpayers!) so Mama didn’t have to borrow so much anymore.

Some schools accept credit card payments but that’s something I want to stay away from because I was a credit card-aholic (but my marriage saved me). Plus, credit card interest rates are jumping this March! College tuition is just too big an amount to put on a card.

I’m not going to think of college because we already have a college fund for them (that’s another solution: invest in a mutual fund or an insurance policy with regular endowment payouts!). Also, I’m hoping my boys go to my alma mater and be a scholar like me.

So let’s just compute for high school since my kids are 12, 10, and 8. Let’s do my eldest son’s tuition. So his Grade 6 tuition now is Php 150,000. So if tuition increases by 10%, I’ll need to pay Php 165,000 for 7th grade. That means my tuition budget is Php 13,750 a month for a year. Doable!

But then I have 2 more kids. That means Php 495,000 a year. That’s okay. I just need to set aside Php 41,250 every month. Thanks to my new job, this is still doable.

Now my kids go to a school near our place so we don’t spend a lot of money on the school run. Not a lot of time on the road either. It’s a big deal because they used to go to another school just 5 kms away and the school bus service cost me an additional Php 9,000 a month (or Php 90,000 a school year). Plus an hour and 2 hours in traffic, morning and afternoon respectively. Transferring to a nearer school made such a huge difference in time and money saved!

But then here comes the crazy part: We’re thinking of sending our boys to that boys’ school in Katipunan. We have our reasons although they pale after I tell you this: That school is almost 12 kilometers away from our home and difficult to get to because traffic to and fro is hellish. Since my husband also has a full-time job, he won’t be able to do the school run (he can do this now because our current school is very near).

So if the boys go to that boys’ school, we’ll have to get them a bus service. I asked my friend who lives near me how much she pays for her son’s bus service from our city to that school. A whopping Php 10,000 a month! That’s Php 100,000 x 3 = Php 300,000 a year just on the school service!

I don’t think I can afford Php 495,000 tuition + books + uniforms + baon + Php 300,000 bus service, mommies. It's just illogical. 

So we were prepared enough to save for college but I don’t know if we can even get them there because grade school and high school are so damn pricey! 

Lots of thinking to do.

Before you get worried about these reasons, take a deep breath. Maybe he’s just busy at work, tired from a trip, or spending time with family and friends. After all, he has a life, too. Remind yourself from this day and forever that people - family, friends, significant others - are allowed to have a life separate from your relationship. This is a good time for you to focus on your friends and interests. If it’s only been a few days of him acting distracted, then it’s probably nothing to worry about.

However, if he’s acting withdrawn for a week or so and he’s not telling you why or reassuring you, then you may be onto something. Here are 7 possible reasons why he’s pulling away:

The good news is he’s realized he’s falling in love and he’s reeling from the intensity of his emotions for you. It’s all new and scary for him and he needs to slow down and take it all in. Be patient.

Maybe he’s putting the brakes on because his heart’s been broken before. Be gentle and show him he can trust you.

You’re everything he’s ever dreamed of… and he thinks someone as amazing as you might be better off with someone better than him. Okay, insecurity is a possible red flag, so reassure him of your admiration but watch out for constant low self-esteem. Believe me, you don't want to be with someone with low self-esteem.

He could be wondering if he’s still the same person if he’s only doing things you like, wearing outfits you picked out, eating your favorite food, watching your favorite Koreanovela when he hates those shows, and so on. If you’re controlling everything you do together, give him space to be himself.

5. He needs a break.

 
You’re simply spending too much time together. His friends want to hang out with him, his family misses him, or he wants to play the videogame he bought months ago. Let him have fun without you!

Your relationship started as just fun for him but now he’s thinking if this is serious enough to lead to marriage and kids. Maybe he’s not ready for that yet. If you’re willing to wait, assure him you’d like to take your time, too.

Ouch! Don't waste your time. Just move on.

Everyone reaches a point where they take stock of their relationship. If he seems distant, don’t worry about it too much since all he needs is time to process how he feels for you. He needs to do this on his own so give him space.

Let him work through the reasons why he’s pulling away. If he breaks up with you, then it’s not meant to be. But if he comes back, then you know he’s serious about you. Now it's up to you to decide if he was worth the wait. 

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P.S. I wrote this as a test article for a job I applied for last year (it didn't work out because stuff were piling up in my life). It's such a waste to not use it so I published it here but edited it so it sounds more like me and not like the website I wrote it for (they didn't publish it and I retain all rights to this article). Gosh. All the test articles I've written over the years! All the job search stories! Maybe I'll do a story on my job search. Let me know if you'd like that!

Of course, homeschooling is much more affordable than school-school. That's why I went back to the corporate world so we can pay the tuition and save money for college.

I've been doing a ton of calculations recently because a good education in the Philippines is so expensive. 

Well, it doesn't have to be. I'm proud to say that half of my education was spent in public schools (thank you, Filipino taxpayer!). And I just want to put this out there: many people I know who studied in exclusive private schools have atrocious grammar. My fellow public school classmates? Never made a grammar mistake. It's not the school. It's the student. I'll leave it at that.

So why am I intent on giving my kids a private school education? For the connections? The prestige? The hope that going to an international school will give them a foot in the door to a life out of here? Sigh. I'm still figuring it out. 

Anyway, I've been playing around with these tools on SavingsCalculator.org. They have a calculator for savings goals, college savings, and retirement planning. You can change the currency. The site says that the calculation for figuring compound savings is the same almost everywhere, especially as their calculators allow different compounding frequencies. 

So I tried them out. They look like this:

Hehe sorry, this college calculator is empty. I can't show you my figures! But I also realized I didn't have enough information like the annual school costs inflation rate and the tuition fees of the colleges I hope my kids will go to. Well, I want my kids to go to just my alma mater, UP Diliman. And since it's a state university, it's very cheap! 

We actually have insurance policies for their education. So college is pretty much in the bag!