As the new school year approaches, it's time to dive into preparing your supply lists, organizing schedules, setting bedtime routines, planning lunch menus, and embracing all the excitement that comes with a fresh start! Along with these preparations, the new school year also brings additional expenses. That's where we come in to help! Below, you'll find valuable tips and tricks to help you save money while shopping for school supplies, clothes, and everything in between.
- Budgeting Tips
- Create a Budget: When it comes to establishing a budget for back-to-school supplies, first determine a list of all potential expenses. From there, you can set limits for each category and create your plan of attack. Prior to heading out on your shopping mission, make a list. Having a list will help to keep you from making impulse buys. Additionally, make sure to keep tabs on your expenditures to ensure you are staying within the limits you set for yourself.
- Track Expenses: Use tools or apps for tracking spending to stay within the budget.
Have you downloaded your CSB mobile app yet? This can help you review and track your expenses right from your phone! Download on the app store or google play.
- Find Deals and Discounts
- Sales and Coupons: Checking local papers and magazines can help you identify sales or coupons available in your area.
- Comparison Shopping: Compare prices across different stores or online platforms to get the best deal.
3. Recycle
- Recycle Supplies: Are any of your school supplies from last year still in great shape? Don’t be afraid to reuse them again for this year. This prevents waste and is also cost-effective.
4. Utilize Community Resources
- Local Resources: Are there events or local organizations within your community offering free supplies or discounts? Checking with school officials, local news stations, and your local chambers is a great place to start!
5. Long-Term Financial Planning
- Save for Future Expenses: We all know that unexpected expenses come up throughout the year. That is why it is great to have an emergency fund that you contribute to as frequently as you are able, such as weekly or monthly.
- Opening Savings Accounts: In addition to the above, opening a savings account is a great start to helping you get on your way to establishing an emergency fund. Savings accounts aren’t only beneficial for adults, but also children. This can aid in teaching financial responsibility and the importance of saving money to be able to pay for the things they want and need. For a comprehensive list of CSB’s savings accounts, click here.
6. Credit and Financing
- Use Credit Wisely: Credit cards are a great tool when it comes to having money readily available. However, if not paid off monthly, the interest can become costly. If making purchases with a credit card, understand the responsibilities that come with them.
- Explore Financial Aid: For larger expenses, such as college, student loans can be an effective alternative to aid in the costs associated with school. For those interested in exploring financial aid options such as student loans, you can find more information about our partnership with the College Ave Student Loan program here.
Note: Student Loans gained through the College Ave Student Loan program are not underwritten or serviced by Citizens State Bank.
Remember, a little planning goes a long way in ensuring a smooth transition back to school. Whether it’s finding the best deals, tracking your spending, or involving your children in the process, each step helps in creating a financially responsible start to the school year.
If you have any questions or need personalized advice, don’t hesitate to reach out to us at csbtx.bank or give us a call at 979.596.1421. We’re here to help you with your financial needs and provide resources to make your back-to-school experience as seamless as possible!
Here’s to a successful and budget-friendly school year!
