4 Minute Read
It’s that time of year. You know the one. The kids are out of school. The temperatures are climbing. All you want to do is go to the beach, spend hours at the pool and shoot off fireworks in the backyard.
When you’re having so much fun in the sun, it’s easy to let the budget fly right out the window. But you know if you want to win with money, planning ahead has to become second nature.
That’s all budgeting is, right? All a budget does is help you decide how you will spend the money that comes into your hands next month. Otherwise, it will get a mind of its own and you’ll be wondering where your money went.
There are certain times of the year you can go ahead and plan for extra expenses. Fall is one of those times. It never fails! Autumn activities fill up the calendar in the blink of an eye, and you’re left wondering how you’re going to afford it all.
Maybe you’re so caught up in summer fun that fall expenses are the last thing on your mind. But never fear. We’re here to help you remember what to save for in the upcoming months!
You know how this goes. School expenses seem to increase every year! You’ve got notebooks, pencils, calculators, backpacks and markers to buy. Don’t forget to look through the leftover supplies from last year before you go shopping. You may already have some of the things your child needs.
This might come as a surprise, but kids grow up. Crazy how that happens, right? Unlike notebooks and backpacks, your kids might not be able to wear the same clothes they wore last year. You don’t want your sixth-grader going to their first day of school with jeans hiked up to their ankles.
Registering for a sports league isn’t cheap! And on top of registration fees, you’ve got to buy equipment like bats, gloves, pads, shoes and uniforms. If you know your kid will be running track this year, start budgeting for the costs now. You might even score some good deals because you aren’t waiting to make purchases at the last minute!
Halloween, Thanksgiving and Christmas are three of the most expensive days of the year, so make sure you budget for holiday expenses. Whether you need to save up to buy new costumes, clip coupons for pumpkin pie filling or keep your eyes peeled for sales on Christmas gifts, you have plenty of time to prepare if you start now. There’s no reason to scramble at the last minute come October through December!
Junior is about to go off to college, and you haven’t put any money in his Education Savings Account in years. What are you going to do? Well for starters, you could encourage Junior to go out, get a job and apply for every scholarship and grant he can find. College doesn’t pay for itself, and student loans are a horrible option. If you’re out of debt and have an emergency fund in place, put away as much money as you can between now and the start of the semester. Be sure to set a reasonable goal, like saving enough to cover textbooks or a meal plan.
Summer is the perfect time to relax and enjoy the weather, but don’t forget that fall will be here before you know it! This is just the tip of the iceberg when it comes to planning your budget, so set aside some time and create a list for your family before the kids go back to school.
Don’t be caught off guard when fall expenses roll around. Set up an EveryDollar budget today and make a plan for your money. It’s free and takes less than 10 minutes!