Money Tip: Budgeting for Back to School!
Heading back to school can be an exciting time, but it can also be stressful on your finances. From uniform, fees, textbooks, to course materials, the costs can add up quickly. However, with some careful planning and smart budgeting, you can make the most of your back-to-school season without breaking the bank.
First, create a budget plan that outlines your expected expenses for the upcoming year. Be honest and realistic about your expenses, and make sure you have factored in all the costs.
Next, look for ways to save money on your back-to-school shopping. Consider buying secondhand uniforms or textbooks. Look for discounts and deals on school supplies, electronics, and clothing.
If you are driving children to school, see if there are others in the area that you could carpool with. Whilst the weather is good, maybe cycling or walking is an option, or utilising the local bus network.
Think about planning your children’s school lunches at the start of the week – having a plan can reduce stress and save you money. Some great tips can be found on the Pak’nSave website: https://www.paknsave.co.nz/recipes/lunchbox-ideas
If things are really tight and the school costs are causing distress, connect with the school and see if they have options to help or come in and chat with our team and see if we can help brainstorm options with you.