It’s school time again!
Students will be apparently excited about the new school year and maybe a little sad that summer is over. All are excited about new teachers, new friends, and maybe even a new school. Keeping all the excitement aside, school time also causes a lot of financial tensions for parents.
For most of the families, buying uniforms, school gear and supplies is their single largest expense when it comes to spending on their children. Buying new supplies, clothing, gadgets, and electronics can end up digging a hole in your pocket.
Fixing a budget is the best option to solve the back-to-school financial crisis.
Here are some tips to get the most out of your budget.
- Identify the needs by finding out what you have today and what all are missing. Contact your child’s school or teacher to find out:
- Nature and necessity of the essential school supplies
- Check prices of uniforms and other clothing. And also research about the off-limit clothes for the school.
- Enquire about the other extra expenses that’ll factor your budget such as sports fees, field trips, school photos, fundraisers, etc.
- Schools often give supply lists or post them on their websites. Don’t wait till the last minute. Be prepared for the shopping a lot before the school opening.
- Make the child aware of distinguishing needs and wants. Sit down with them and make a list of his or her needs for the school year.
- Encourage your child to reuse last year’s school supplies. Make them reuse the good conditioned ones.
Here’s a detailed list of back to school spending culture!