Join Jane Barratt for an in-depth discussion in this video Prepare for back to school, part of Personal Finance Tips.
- There's something wonderful about the beginning…of a new school year.…It's a chance to reset, form new habits…without all the guilt associated…with New Year's resolutions.…Whether you're a parent of kids in school or college,…or a student yourself back to school's a great way time…to reassess where you are financially,…update your expectations for the year to come,…and set new goals.…The first thing to do is to list out the short-…and long-term costs for the school year.…Short-term means school supplies, books, clothes, software…or computers that you're on the hook for.…
Don't leave this to the last minute,…as you may find that you already have things…around the house that you can upcycle…or you can buy cheaper through ebay.…The long-term costs includes school fees,…after-school costs, and allocations for things…like field trips, camps, or fundraising activities.…Make sure the updated costs…are baked into your ongoing budget.…And if you don't have a budget,…now's a great time to make one.…Youneedabudget or mint.com are basic…
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