Budgeting for Back to School Without Breaking the Bank

Back-to-school season is exciting, but it can also be expensive. From new clothes and school supplies to technology and extracurriculars, the costs add up quickly. At LG&E Co. Credit Union, we want to help you head into the school year prepared, without the financial stress.

Here’s how to create a smart back-to-school budget and stick to it:

Budgeting for Back-to-School Without Breaking the Bank

Start by reviewing your monthly budget and deciding how much you can afford to spend. Factor in supplies, clothing, fees, and tech needs. Be sure to prioritize essentials and leave room for surprise expenses like field trips or sports gear.

Tip: Check last year’s receipts or statements to estimate what you spent—and where you might trim costs this year.

2. Take Inventory Before You Shop

Before heading to the store or shopping online, check what you already have. You might be surprised how many unused notebooks, folders, or clothing items are tucked away in closets and drawers.

Tip: Involve your kids in the inventory process—it's a great opportunity to teach them about budgeting and reusing resources.

3. Look for Sales, Coupons, and Discounts

July and August are prime months for back-to-school sales. Compare prices online and in-store, and sign up for emails from your favorite retailers to get early access to deals.

Tip: Don’t forget to check your LG&E Co. Credit Union debit or credit card offers—some cards include cashback or merchant discounts!

4. Stick to the List

Whether it’s a school-issued supply list or your own checklist, use it as a guide to avoid impulse purchases. It’s easy to get caught up in trendy items or non-essentials that can blow your budget.

Spread Out Purchases

You don’t have to buy everything at once. Prioritize what’s needed for the first few weeks and spread out other purchases over the semester, and take advantage of off-season sales. This can help reduce the burden on your monthly budget.

Bonus Tip: Start a School Expense Savings Plan

If back-to-school shopping caught you off guard this year, now’s the perfect time to start saving for next year. Open a Share Savings Account with LG&E Co. CU and set up small, regular transfers—those little amounts will grow over time.

Make Smart Spending a Habit

Back to school doesn’t have to bust your budget. With a little planning and some creative strategies, you can save money and still send your kids off with everything they need. And remember—LG&E Co. Credit Union is here to help you build good financial habits for every season of life.