Back-to-school financing can be challenging and mentally draining if you don’t plan your finances. One way to help is by budgeting while taking the time to budget can make a difference. These budgeting tips can help you afford your monthly needs and back-to-school essentials.
Start on the right track with these budgeting tips from our Brownsville credit union!
Write down your Budget
Plan what you will spend beforehand and do your best to write it down on notes or a digital reminder. Plan and write down what you will buy and budget around those items. Doing this in advance allows you to go into the store with a plan and not over-buy.
Comparison Prices
Before the school season, some stores and items will typically promote specific commodities. It’s a good idea to compare stores to find the items you need. Some stores may have what you’re looking for. This way, you can determine where to get them.
Look for Discounts
During and before the school season, most stores will promote and sell items based on needs and statistics, allowing those items to be sold on discount or by promotion. Whether online or in-store, it’s best to take advantage of those discounts and sales. You can receive discounts by:
● Coupons
● Sale events
● Retailer apps
● Email subscriptions
● Social media sites
Plan for Ongoing Expenses
Even during the school season, items will be necessary for when the school season progresses. Planning for those cases can benefit you if you don’t have the best finances in the world. To prepare for those times, spend less on unnecessary items and save money for school-related expenses.
Review Your Spending
Keeping track of your purchases and spending could be the best thing you can do before and during the school year. Do so by downloading our VFCU Mobile Banking App. Writing down all your expenses can show you how much you spend and the value of your purchases.
Bank with VFCU and Review These Budgeting Tips
VFCU has many banking opportunities you can sign up for online or with just a quick call! Take advantage of our banking services, such as:
Want More Information on VFCU?
Contact us for more information, become a VFCU member, and gain access to many membership benefits at our Brownsville credit union!
