Education is one of the most valuable investments anyone can make in their child’s future.
Yet, year after year, many parents find themselves overwhelmed by back-to-school expenses, sometimes resorting to last-minute loans. This year’s back to school was no different.
But Ms Julia Mukusuka, the relation manager for deposit mobilisation at Letshego Bank Namibia says that one can take control now and avoid the financial strain for the next back-to-school.
“Like any successful growth strategy, financial security begins with intention,” Mukusuka says.
“Opening a dedicated back-to-school savings account today can set you on the path to a stress-free start in 2026. The key is to start small and remain consistent.
“Assess your current financial situation, identify areas where adjustments can be made, and commit to saving, even if it is a modest amount each month.
“For example, setting aside N$300 per month could add up to over N$3,600, plus interest, by the time the school year begins.”
According to Mukusuka a savings account offers a reliable way to build financial security over time.
“At Letshego, our FlexiSave account is designed to support savings goals such as this. It allows you to deposit as little as N$100 monthly while earning competitive interest on your money.
“This way, you will ensure that your child’s education remains a top priority, no matter what life throws your way.”
She adds that: “You might be wondering, where will the extra money come from? The answer often lies in your everyday spending habits.
“A closer look at your monthly, weekly and daily expenses can reveal opportunities to cut back on non-essential purchases such as dining out, entertainment, or impulse buys, and redirect funds towards a savings account.
“Small sacrifices today can lead to significant rewards in the future, ensuring your child’s educational needs are met without financial strain.”
By taking action now, she says, “you are not just avoiding last-minute stress but empowering yourself to control your finances and enter 2026 knowing that your child’s educational future is secure.”
In the photo: Julia Mukusuka.
