What we're talking about
 

Whether you’re just getting settled or dropping off a college freshman, managing the finances of a family is a full-time job with plenty of challenges and questions. With a new school year starting soon, we present our answers to some of those questions, featuring tips for cutting costs on school supplies and setting your family up for a healthy financial future.

9 Money-Saving Hacks for Back-To-School Shopping

“Scoring bulk deals on school supplies is another great way to save money, especially if you find other parents willing to split the expense. If buying in bulk means major savings, why not consider shopping with other parents or taking advantage of a friend’s Costco membership?"

Start Saving for College Now with a 529 Plan

“Most plans offer both a static investing approach and an age-based or target-based portfolio (one that changes as the beneficiary gets older). To save as much money as possible, target-based portfolios will usually shift to more conservative assets as the beneficiary gets closer to college age.”

Parents’ First Steps: How to Financially Prepare for Your Baby and Their Future

“Look into loyalty clubs and cash-back programs: Diapers, wipes, baby food, and formula (if necessary) are all products that will begin occupying your shelves on an as-needed basis. Subscription plans, loyalty clubs, and cash-back/rewards programs can be extremely valuable for the new monthly expenses you will begin to have.”

Money in Video Games: It’s Virtually Everywhere!

“Players can hang out with virtual versions of their friends on platforms and do activities they might do in reality, like shopping or even attending live events. They can also buy virtual merchandise, or ‘verch,’ such as clothing, accessories, or other cosmetic items to enhance the appearance of their avatar, even if the purchases have nothing to do with gameplay.”

Finally, did you know we had a club just for the teen in your family offering financial education, free events, and local volunteer opportunities? Find out more about the Teen Banking Club®.¹