Back-to-School Budgeting for Families

Back-to-school season is just around the corner, and so are the receipts.

From pencils and planners to sneakers and school lunches, the costs can add up quickly. Whether you’re sending off your first kindergartner or prepping a high schooler for fall sports, it’s helpful to map out your back-to-school budget before you hit the checkout line. At FASNY FCU, we’re here to help you make smart, simple financial moves, starting with a solid plan.

Here’s How To Stay Ahead of The Curve (and your expenses):

• Take inventory before you shop: Before buying new, see what you already have at home: backpacks, notebooks, and even clothing can often be reused or handed down.

• Set a realistic spending plan: Talk as a family about what’s needed, what’s optional, and how much you’re willing to spend. Don’t forget to factor in things like extracurricular fees and classroom donations.

• Shop with purpose and a list: Sticking to a written list helps avoid impulse buys. Bonus tip: Check local sales and consider shopping in stages if it spreads the cost.

• Plan out lunches and snacks: Packing meals can save money long-term, especially if you prep ingredients in bulk. Involve your kids to make it fun and cost-effective.

• Budget for tech, if needed: Tablets, calculators, and headphones can be pricey. If your child’s school requires specific tech, research options early and explore gently used or refurbished gear.

• Keep clothes shopping intentional: Kids grow fast. Buy what they need now, and plan for seasonal updates later. Look for back-to-school sales or consider secondhand shops for basics.

You’ve got enough on your plate; let’s make this part easier.

Back-to-school doesn’t have to mean back to overspending. A little planning now can help you avoid stress and set a great example for your kids about smart money habits. If you’re looking for ways to stretch your dollars further this season, FASNY FCU is always here with support, tools, and solutions that work for your family.