THE GAP YEAR’: ADOLESCENT INDULGENCE, OR A VALUABLE LIFE EXPERIENCE?
Personal Finance|November 2022
Taking a year off after school may not put your child in the pound seats’, but it could provide valuable life lessons
SAUL KROPMAN
THE GAP YEAR’: ADOLESCENT INDULGENCE, OR A VALUABLE LIFE EXPERIENCE?

IT SEEMS like just yesterday your little darlings were in diapers. Now they're finishing high school and talking about spending the next year overseas in order to "discover" themselves.

Being the sensible parent that you are, the thought of sending your baby on an experimental 'journey of self-discovery' doesn't seem appealing. All you want for your child is to spend the next four years working hard to become an accountant-yet they will have none of that! Children might quote the need to 'discover themselves' as a reason to take a gap year, but most parents (realistically) feel that their children can discover themselves quite well in the comfort of their own home.

However, if you want to be considered a cool, hip parent, take a look at the opportunities related to a gap year, which will hopefully ease your mind.

Firstly, self-discovery is one thing, but bear in mind that when your child is overseas, they're going to be working in menial jobs for minimum wage. Every person I've spoken to, who has been on a gap year, has had an epiphany as a minimum-wage worker.

Esta historia es de la edición November 2022 de Personal Finance.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición November 2022 de Personal Finance.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE PERSONAL FINANCEVer todo
'Hack' your money psychology
Personal Finance

'Hack' your money psychology

Spending too much money? Tempted by sales? These money psychology hacks’ can help

time-read
4 minutos  |
February 2023
Accounting tips for small businesses
Personal Finance

Accounting tips for small businesses

It's important to properly manage your business finances

time-read
5 minutos  |
February 2023
KIDS AND MONEY: FIVE WAYS TO START THE CONVERSATION
Personal Finance

KIDS AND MONEY: FIVE WAYS TO START THE CONVERSATION

WHEN IT comes to teaching young children about the world, parents may feel that some topics—like politics and religion—are too tough to broach.

time-read
4 minutos  |
February 2023
REDUCE THE PAIN OF DOWNSCALING
Personal Finance

REDUCE THE PAIN OF DOWNSCALING

Investing in a holiday home as a retiree

time-read
3 minutos  |
February 2023
THE RISKS INVOLVED IN INVESTING
Personal Finance

THE RISKS INVOLVED IN INVESTING

Finding the balance between eating well and sleeping well

time-read
2 minutos  |
February 2023
TESLA: WHY IT MIGHT BE TIME FOR MUSK TO GO
Personal Finance

TESLA: WHY IT MIGHT BE TIME FOR MUSK TO GO

What 2023 holds for the electric vehicle company

time-read
4 minutos  |
February 2023
FINDING SOMEONE TO STEP INTO YOUR SHOES
Personal Finance

FINDING SOMEONE TO STEP INTO YOUR SHOES

The Eskom crisis demonstrates again the importance of proper succession planning—loDSA

time-read
1 min  |
February 2023
BORROWING MONEY ISN' ALWAYS A BAD THING
Personal Finance

BORROWING MONEY ISN' ALWAYS A BAD THING

On the contrary, debt can be a sensible way to build wealth

time-read
4 minutos  |
February 2023
WILL SOLAR POWER INCREASE THE VALUE OF YOUR HOME?
Personal Finance

WILL SOLAR POWER INCREASE THE VALUE OF YOUR HOME?

The upfront investment is high, which you'll want to recover when you sell

time-read
3 minutos  |
February 2023
WHERE NEXT FOR THE GLOBAL ECONOMY?
Personal Finance

WHERE NEXT FOR THE GLOBAL ECONOMY?

Why central banks face an epic battle against inflation in 2023

time-read
5 minutos  |
February 2023