Budgeting for Back to School | McIntosh & Associates, Inc.

Every kid wants to sport the latest supplies while walking the halls in style. How to save when shopping for back to school:

1. Set a Budget – Start with a budget, and a budget is only as good as the paper it’s written on. Once you know what your budget is, you have a guideline for how much you want to spend and where you want your money to go.

2. Scope out the Supply List – Usually schools mail or send home your child’s supply list for the next year. You can typically find them on the school’s website, too. Go through the list before heading to the store and take inventory from what is still in good condition from last year so you know what your child needs.

3. Follow Your Favorite Stores – Once you’ve got your list, look for deals at your local shopping outlets. Some may offer back to school discounts or student discounts. You can also find deals by following your local shopping stores on social media sites such as Twitter and Facebook.

4. Get the Kids Involved – Back-to-school season is a great time to teach kids about budgeting basis. Get your kids involved with the planning process so they have an understanding of how budgeting works. I like to go over the list with my kids and take them shopping so they can decide where the money should be going. This is a good exercise in price comparison.

Click here for our back-to-school budget worksheet.