Back to school is a busy time for our member families. The excitement of getting a new teacher or learning if you have class with a best friend probably occupy the thoughts of your elementary students more than you know. For some (including parents), the anticipation may be more about transitioning to a new school or riding the bus for the first time.
Annual back to school shopping, it seems, is one of those rites of passage either filled with great excitement or dread. Costs can rack up fast when you consider the list of school supplies needed in addition to new shoes, clothes, haircuts and other things that generally accompany back to school time. (Check out our infographic for some typical back to school costs.)
Prices on such items vary greatly depending on where you live, shop and what your individual preferences are. Despite these differences, having a clear budget in mind will help you from going over board on that Disney princess glitter pencil set your daughter is begging for. Does it really write better than the classic yellow #2?
If all this has your head spinning, one stress-free investment you can make in your child’s future is setting them up with a youth savings account.
Consumers Kids Accounts are a fun and engaging way for kids 12 and under to make deposits and learn about saving. An initial deposit of $5 or more is all it takes to get going, and your kiddos will enjoy the following benefits:
- Fun Gift| Free gift for joining and with every $5 deposit into the account.
- Membership Card
- Special Events & Celebrations | Extra fun for all Consumers kids on holidays and other special occasions.
- Financial Tools for Kids & Families | Education is the key to success. Club activities and tools are designed to help kids and parents learn age-appropriate money management lessons.
- Kids CD (Certificate of Deposit) | Low $100 minimum deposit, $10,000 maximum deposit, and earns excellent market rate.
Teen accounts (ages 13-17) focused on learning money management are also available. Click here for details.
Wherever your back to school shopping takes you (hopefully including a stop into one of our local branches), breathe easy—you’ll make it! (Just don’t forget to buy the shoes with non-marking soles.)