CALGARY, Aug. 27, 2015 /CNW/ - Back to school is fast approaching and the costs are as steep as always. Money Mentors advises all families and students to evaluate and plan accordingly by preparing a Back to School budget. The price isn't always right just because the sign says "sale".
Preparing for the new school year is important in more than one way. Money Mentors encourages all families to share lessons of financial literacy when possible. Learning opportunities like this only come around a few times a year and now is the best time to have your children get involved in the budgeting process, giving them an opportunity to become financially literate and learn how to save money.
Do this by clarifying what they are allowed to spend on back to school outfits and school supplies. Teach them the difference between wants and needs when it comes to education. Provide budgeting tips and allow them to search for the product that has the best value. Money Mentors also wants the savings to continue into the school year by providing them with more financial responsibilities. Here are some tips to share that will help make the back to school shopping experience easier on you, and easier on your wallet.
5 WAYS TO SAVE FOR BACK TO SCHOOL:
Remember that a key part of financial success is preparation. Create a Back to School budget that holds you accountable yet challenges you to further educate yourself and your family. Back to school can be a stressful time of year, but it can also be exciting. Enjoy the experience while implementing money saving tips along the way.
Money Mentors is the only Alberta-based, not-for-profit credit counselling agency. Through a number of services, we help families and individuals recover from financial crisis and move forward. From credit counselling and money coaching to retirement planning and community financial literacy, we are contributing to a healthier financial future for the entire province.
SOURCE Money Mentors
Image with caption: "Back to School Savings from Money Mentors - Educate Your Kids on How to Save Money Before They Get to the Classroom (CNW Group/Money Mentors)". Image available at: http://photos.newswire.ca/images/download/20150827_C8368_PHOTO_EN_484386.jpg
For further information: William Akoto, MoneyMentors.ca, Toll-free: 1-888-294-0076, [email protected], Facebook.com/MoneyMentors, Twitter.com/MoneyMentors