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In celebration of the Holiday Season, all Community State Bank locations will be closed on Christmas Eve (12/24/2024), and Christmas Day (12/25/2024). On behalf of everyone at Community State Bank, we would like to wish our friends and neighbors a very "Merry Christmas!" We look forward to serving you in the New Year.

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Money Saving Tips for Back to School Season

10 Tips for Back to School Savings

As summer winds down, the back-to-school season brings a mix of excitement and anxiety for many families. While children anticipate new experiences, parents often brace for the financial strain that comes with school supplies, clothing, extracurricular activities, and more. The good news is that with a little planning and creativity, you can ease the financial burden and make the back-to-school season less stressful for your wallet. Here’s how:

1. Start with a Budget

Before you even think about shopping, set a budget. Calculate how much you can reasonably spend without stretching your finances too thin. Be realistic about what your child actually needs versus what they want. Categorize your budget into sections like supplies, clothing, and extracurricular fees to help you stay organized.

2. Take Inventory of What You Already Have

Before heading to the stores, take stock of what you already own. Check for unused notebooks, pens, pencils, and other supplies that may have been leftover from last year. Go through your child's wardrobe to see what still fits and what can be repurposed. You might be surprised at how much you can cross off your shopping list simply by reusing items you already have.

3. Shop Smart with Sales and Coupons

Retailers often roll out back-to-school sales as early as July. Additionally, use coupons and compare prices online to get the best deals. Many stores offer price matching, so keep an eye on advertisements and ask for a match if you find a lower price elsewhere.

4. Buy in Bulk for Essentials

For items like notebooks, folders, and pencils, consider buying in bulk. Not only can this save money in the long run, but it also ensures that you won’t need to restock mid-year when prices may be higher. Warehouse stores or online retailers often offer bulk options at lower prices.

5. Consider Secondhand and Thrift Stores

Gently used clothing, backpacks, and even some supplies can be found at thrift stores or through online marketplaces. Many secondhand items are in excellent condition and cost a fraction of what you’d pay new. This is especially helpful for clothing since kids outgrow sizes so quickly.

6. Get Creative with Lunches

School lunches can add up over time. Save money by packing lunches at home using simple, budget-friendly ingredients. Buying ingredients in bulk, preparing meals in advance, and using reusable containers can significantly cut down on costs. Consider involving your child in meal prep to make it a fun and educational experience.

7. Delay Non-Essential Purchases

Not everything on your child’s back-to-school list needs to be bought right away. For example, if your child’s school doesn’t require gym clothes until later in the year, delay that purchase until it’s necessary. This helps spread out expenses and allows you to take advantage of off-season sales.

8. Participate in School Supply Swaps

Many communities and schools organize supply swaps where parents can exchange items their children no longer need for those they do. This is a great way to save money while also fostering a sense of community. If no such event exists in your area, consider starting one with other parents.

9. Plan for Extracurricular Expenses

Extracurricular activities can quickly become expensive. Set a budget for these activities and discuss it with your child to manage their expectations. Look for low-cost or free community programs, and consider limiting the number of activities they participate in each season to keep costs manageable.

10. Teach Your Kids About Money

Involving your children in the budgeting process not only helps them understand the importance of saving but also teaches them valuable life skills. Explain the difference between needs and wants and encourage them to make choices within a budget.

Back-to-school season doesn’t have to break the bank. By planning ahead, being resourceful, and making smart choices, you can ensure that your child has everything they need for a successful school year without sacrificing your financial well-being.