For high school and college students, the holiday season brings exams, followed by a long, leisurely break from classes. While time away from schoolwork and a chance to spend more time with family, friends and a cup of hot chocolate is a welcome change for most students, from a budget perspective winter break can put a strain on the wallet. With gift-giving and cold-weather activities, many people spend more than they are used to in December. Read more
Back to school season is a busy time for teachers. Between decorating your classroom, making lesson plans, and shopping for school supplies, all of that running around can drain your energy and your wallet.
But don’t worry – like all busy shopping seasons, back-to-school burnout can be easily avoided with some smart and strategic planning. Here we’ll share some tips for making a savvy back-to-school budget, along with advice on how to make it last.
Make a List
If you rely on just your memory to keep track of everything you need before you head back to school, you’re likely to forget something and will probably end up doing a lot of unnecessary running back and forth.
To prevent oversight, make a list of everything you need to shop for, from notebooks and folders to sweaters and shoes. Whether you make one master list or break it down into categories (clothing, classroom, crafts, etc.), having a visual list will help you stay focused and minimize the amount of trips you’ll need to accomplish your goals.
For a mobile option, keep your list on your smartphone, or in written in a small notebook – because nothing beats crossing things off a to-do list!
Tap Your Social Network
It’s true that there’s strength in numbers, especially when it comes to hunting for bargains. Whether you are friends with teachers, parents, or grad students, chances are you can round up a few other back-to-school shoppers to join you for a money-saving scavenger hunt.
Make it fun! Meet up before hand to look up deals online, compare notes on what supplies each person needs to find, and delegate items to everyone in the group. Carpool to the stores you need hit, and split up to cover more ground individually. You’ll save time, energy, and hopefully some money. For added incentive, suggest that the rest of the group treat the savviest shopper to a celebratory lunch.
This tip can be useful before back-to-school season or at the end of any semester throughout the year. As you change up your classroom for different seasons, round up all of the items you won’t be using anymore and see if other teachers are interested in trading you for them. It can save everyone money, and you never know – one teacher’s trash could be just what you need to complement your new lesson plans.
What tips do you have for tackling your back-to school budget?
June brings us to the halfway point in the year; oh how time flies! You may remember that in January we outlined a year-long budget to help you structure and maintain a smart financial plan this year. We also urged you to share your journey with your students for a lesson in financial education. Now that the halfway point is upon us, let’s take a minute to review and evaluate your progress. Read more
As the end of the school year is upon us and students head home for the summer, many teachers are asking themselves about the lessons they hope their students will take home with them. While every teacher will come up with different ideas about what financial literacy lessons are most important for their unique group of students, we have listed some standout financial literacy skills that teachers should make sure students keep top of mind until they return in the fall, and beyond. Read more
As April is Financial Literacy Month, it is the perfect time to refresh your knowledge or measure your progress. Ready to help your students test their financial literacy knowledge? Take this <a href="http://bit try this website.ly/1WFWZmk” onclick=”__gaTracker(‘send’, ‘event’, ‘outbound-article’, ‘http://bit.ly/1WFWZmk’, ‘quiz’);”>quiz to check your financial IQ.
As the New Year kicks off, your students’ (and your) bank accounts might be feeling a bit bruised from this year’s holiday spending. With this in mind, we’ve developed a year-long approach your students can use to structure and maintain a budget this year. It’s important to remind students that if they take the time to build a budget, and stick to it, come 2017 they’ll have savings in the bank! See below for a month-by-month guide you can share with students to help them on this year-long assignment. Read more
Summer is behind us and fall is suddenly in full swing. For many students (and even some teachers), it’s the time of year when back-to-school excitement wears off and you find yourself counting the days until winter break. Read more
This series of financial tips will spotlight personal finance trends and how they can be applied to our readers’ lives. We’ll begin with the easy-to-follow 50/20/30 budget guideline.
Saving money is an exercise in discipline. Like any exercise program, it is important to set goals and stick to them. If you’re diligent in saving, even a few dollars and cents a day can add up to a down payment on a car, books for school, or a well-earned vacation. Read more
It’s back-to-school season and teachers across the country are dusting off desks and preparing their classrooms for droves of eager-to-learn students. While a cleverly-decorated and interactive classroom helps students get the most out of their daily lessons, creating one on a budget can be tricky. Try these DIY hacks to bring your classroom to life without breaking the bank – all you need is five dollars! Read more
We’ve never understood the expression “lazy days of summer.” With everyone coming out of hibernation, it sure feels like there’s always so much going on.
Warm weather, longer days and extra free time can quickly lead to overbooked social calendars. They can also lead to overspending if you aren’t careful. Here are some tips to help you make the most of your vacation without maxing out your summer budget. Read more