Pencils and notebooks. Pens and glue sticks. Binders and calculators. Sometimes it seems as though the list of required school supplies for your child grows longer each year. The National Retail Federation has found that parents spend on average more than $95 each fall on school supplies, that’s not even counting the $246 spent on new clothes, $129 on new shoes, and almost $220 on electronics.
So how’s a parent supposed to keep their child well equipped without dipping into that college savings fund? Here’s the good news: With a bit of planning and preparation, you can provide your child with all the supplies they need to succeed in school without breaking the bank. Save money on school supplies by following these four simple tips.
If you fall into debt, finding your way out can sometimes seem nearly impossible. As interest continues to compound, your payments increase and the strain on your finances worsens every month. To prevent this from happening, avoid debt in the first place by practicing these five smart spending habits.
Summer may be a time for parties and celebrations, but it’s also a time when expenses can rise as quickly as the temperature. Budgets may be strained if the kids are enrolled in summer camp or summer sports leagues. Family vacations can come with a hefty price tag, too.
Before spending big bucks on a summer party, consider these budget-friendly tips:
Tight budgets can keep the reins on family entertainment and activities, but you don’t have to shell out a lot of money to have fun with dad. Dads love just about anything that involves having their family around. Just use your imagination and keep in mind dad’s interests and energy level when deciding which Father’s Day activities to pursue.
Perhaps your first financial advice came from dad: Stick to a budget. Save for retirement. Pay your bills on time – wise words that dad likely adhered to as well.
The good news is that you don’t have to spend a lot on a great gift for Father’s Day. With a little creativity, you may not even have to spend anything.