Back-to-School Budgeting Tips for Families

As the school year approaches, families often find themselves overwhelmed by the growing list of expenses—classroom supplies, new clothes, sports equipment, lunch money, and activity fees — the list goes on. But with a little planning and smart financial habits, you can navigate back-to-school season without breaking the bank.

Here are some simple and practical tips to help you budget for the new school year:

1. Set a Budget Before You Shop

Start by reviewing your household finances and determining how much you can realistically spend on back-to-school needs. Categorize expenses into essentials (supplies, shoes, clothing) and extras (gadgets, brand-name items). Use this as your spending roadmap.

2. Take Inventory First

Before heading to the store, take stock of what you already have at home. You might find unused notebooks, pens, or even last year’s backpack in good shape. Involving kids in this process also teaches them financial awareness.

3. Prioritize Needs Over Wants

Kids may ask for trendy clothes or the newest tech, but it’s important to prioritize what’s necessary for school success. Encourage conversations about wants vs. needs—another great financial lesson for children.

4. Shop Smart & Use Discounts

Look for deals, sales tax holidays, and buy-one-get-one offers. Don’t forget to check local resale stores or online marketplaces for gently used items at a fraction of the cost.

5. Plan for Ongoing Costs

Back-to-school expenses don’t stop in August. Build in room for recurring costs like school lunches, club fees, field trips, or replacement supplies.

Set up a savings account at Ft. Randall FCU to stash away a small amount each month for school-related spending. Our team can help you find the right account for your family’s needs.

6. Consider a Personal Loan for Larger Expenses

If you’re juggling multiple children or major purchases like laptops or musical instruments, a personal loan may be a helpful option. Ft. Randall FCU offers flexible, low-interest personal loans tailored to your situation—with a local team that understands your needs.

Back-to-school season doesn’t have to be a financial strain. With a solid plan, smart spending habits, and the right support from your credit union, your family can start the school year confident and financially prepared.

Stop in or give us a call to learn more about budgeting resources and loan options from Ft. Randall Federal Credit Union—we’re here to help you every step of the way!