Back-To-School Budgeting Tips for Families

Back-To-School Budgeting Tips for Families8/1/2025

Stretch Your Dollars Without Sacrificing What Your Kids Need

The back-to-school season can be an exciting time, but let’s be honest—it can also put a serious strain on your wallet. Between school supplies, new clothes, tech gear, and lunch prep, the expenses can pile up quickly. The good news? With a little planning and a few smart money moves, you can ease the financial stress and make the most of every dollar.

Here are some helpful tips to keep your family's finances on track this school year:

1. Start with a Budget

Before you buy a single notebook, take time to list out all your expected expenses. This could include:

Supplies and backpacks
New clothes or uniforms
Tech like calculators or tablets
Lunches or cafeteria fees
Activity or registration fees

Setting a clear budget will give you a roadmap and help you avoid overspending. Not sure where to start? Our digital banking tools can help you track expenses in real time, and our financial counselors are just a phone call away.

2. Shop Smart

Take advantage of seasonal sales, back-to-school coupons, and store rewards programs. Try shopping at discount retailers or dollar stores for basic supplies. You can also team up with other parents to buy items in bulk and split the cost.

Pro Tip: Many stores lower prices even further after the initial rush. If you don’t need something right away, it might pay to wait a few weeks!

3. Reuse What You Can

You might be surprised by what you already have tucked away in your home. Take inventory before you shop — leftover folders, backpacks, pencil cases, or gently used clothing could save you a trip (and money). Community clothing swaps or secondhand stores are also great options.

4. Set Expectations with Your Kids

Whether it’s the latest name-brand shoes or trendy backpacks, kids’ wish lists can be expensive. Having an open conversation about your budget helps manage expectations. Let them pick a few “wants” while you focus on the “needs” together—it’s a great way to teach smart money habits.

5. Spread Out the Spending

If you start early, you can space out purchases over several weeks. If you're shopping late in the season, avoid putting everything on high-interest credit cards. Instead, consider talking to us about small, low-interest personal loan options to help you manage the expense more easily.

6. Pack Lunches to Save Big

Buying school lunch every day can add up fast. Packing lunch just a few times a week can make a big difference. Shop sales on snacks, plan meals ahead, and get your kids involved in choosing healthy, budget-friendly options they’ll actually eat.

7. Plan Ahead for Next Year

One of the easiest ways to make next back-to-school season less stressful is to start saving now. Set up a dedicated savings account and deposit a small amount each month. By the time next August rolls around, you’ll be ready—no scrambling required.