“Dear magic money ball…it seems each year that I never have enough extra cash to buy my kid’s school clothes and school supplies and I end up having to charge most of it. What are some ways I can save money on these things and also be more prepared when school season sneaks up on me next year?” One of the best ways to save for school supplies is in bits throughout the year. A great way to accomplish this is to buy the school supplies throughout the year little by little. If you have a hard time saving, this is by far the best way to do your school shopping. Purchasing little by little will make it so you can have all the materials you need by the time school starts. You won’t have to rush to get everything done, and you won’t have to save such a large sum of money. Consider opening a separate savings account only for school purchases, or open a savings somewhere else to refrain from touching this, or put extra money on your credit card. Opening a separate savings account is by far the smartest way to save because you will earn interest on the money while you are not using it. Try having your employer put money directly into this account so you dont have to do anything yourself. By doing this you can consider that money gone and not run the risk of putting a little less in this month. It will also help to reduce the risk of you dipping into the account when you need a little extra cash. Some credit cards will also allow you to put extra money on the cards so that when the time comes you will be able to use this money to pay for your school books and other supplies. The last way is to use the envelope method. Each month when you separate your cash into each envelope, make one for school supplies. As you continue to add money to that envelope you will create a little savings for your back to school time. All of these are great ways to save your money for these school supplies, but each takes discipline to keep the money in and not using on frivolous things.

  • Let’s Talk Taxes

    Understanding and Directing Your Withholdings You just got your paycheck. Your eyes scan d…
  • Some Heroes Do Wear Capes

    Not all heroes wear capes. But in this case, our hero DOES! Not only is our very own Money…
  • IRS Economic Impact Payments

    How are they being delivered? The Internal Revenue Service (IRS) will deposit your check i…
Load More Related Articles
  • Shrinking Down the Bills

     I don’t know about everyone else out there, but I hate it when my Verizon contract i…
  • Say YES to cheaper nights!

    I find that the hardest thing to deal with on a daily basis is telling my friends no. …
  • Am I O.K.?

    I think everyone has this ability to lie to ourselves in our head. When going through a fi…
Load More By Rachel
  • Let’s Talk Taxes

    Understanding and Directing Your Withholdings You just got your paycheck. Your eyes scan d…
  • Some Heroes Do Wear Capes

    Not all heroes wear capes. But in this case, our hero DOES! Not only is our very own Money…
  • IRS Economic Impact Payments

    How are they being delivered? The Internal Revenue Service (IRS) will deposit your check i…
Load More In 
Comments are closed.

Check Also

Shrinking Down the Bills

 I don’t know about everyone else out there, but I hate it when my Verizon contract i…