Get Ahead of the Curve: Money Moves Every Parent Should Make Before School Starts

As the school year approaches, now is the time to set your family up for financial success. Between supplies, lunches and extracurriculars, expenses can sneak up fast. Here are key financial moves you can make now to stay one step ahead.

Review Last Year’s Spending

Pull out last year’s bank statements or use your budgeting app to see what you spent on school-related costs. Understanding where your money went helps you make smarter decisions this time around.

Create a Back-to-School Budget

Set a realistic budget that includes school supplies, clothing, transportation, tech needs and fees for sports or clubs. A clear budget keeps you from overspending and lets you prepare for upcoming costs.

Prioritise Needs Over Wants

It’s tempting to buy everything brand new, but focus first on what your child truly needs. Essentials like shoes, notebooks or uniforms should come before trendy extras or brand-name gear.

Plan for Ongoing Expenses

School costs don’t end after August. Factor in recurring expenses like lunch money, activity fees, gas for school runs, and aftercare programs when you plan your budget.

Automate Where You Can

If you’re paying tuition or fees monthly, automate those payments to avoid late charges. Set up reminders for recurring school-related bills so you never miss a due date.

Build a Small Emergency Fund

From last-minute field trips to unexpected sports gear, surprises happen. Having $100–$300 set aside for school-related surprises gives you peace of mind and prevents credit card reliance.

Explore School-Based Resources

Ask your child’s school about free or low-cost services. Many schools offer assistance programs, gently used uniform swaps, or even free lunches depending on your situation.

Shop Smart and Early

Avoid the last-minute rush by starting your back-to-school shopping early. Compare prices online, use discount codes and watch for sales to get the best deals. Buying gradually over a few weeks can also help spread out costs and ease the strain on your budget.

Final Word

A little preparation now can prevent a lot of stress later. Review your expenses, plan for the year ahead and stay flexible, your wallet will thank you all school year long.