New York families are feeling the pinch as everyday expenses rise, and the back‑to‑school season adds another layer of financial stress. ABC 7’s “Your Money, Your Savings: Back to School” segment, airing Thursday at 4:30 p.m., offers practical guidance to help parents keep budgets in check while preparing children for the classroom.
Plan Ahead and Shop Smart
Experts stress the importance of creating a detailed shopping list before heading to stores or browsing online. By identifying exactly what each child needs—clothing, shoes, notebooks, backpacks and classroom supplies—parents can avoid impulse purchases and compare prices across retailers. Taking advantage of sales, coupons and price‑matching programs can further reduce costs.
Consider Refurbished Technology
Technology remains one of the biggest back‑to‑school expenses, especially for families purchasing laptops or tablets. Refurbished devices, which are carefully inspected and restored, often provide the same functionality as new models at a fraction of the price. Financial planners note that these products can be a practical alternative for budget‑conscious households without sacrificing performance.
Free After‑School Programs
Many community organizations, schools and nonprofit groups across New York City offer free after‑school activities, ranging from homework assistance and tutoring to sports and enrichment programs. These resources give families valuable support while helping them save on private program fees.
Start Early on College Savings
While immediate school expenses dominate the conversation, financial advisors remind parents that it’s never too early to think about college costs. Small, consistent contributions to a college savings plan can compound over time, easing the future financial burden.
Key Takeaways
- Draft a comprehensive shopping list and stick to it.
- Shop sales, use coupons and compare prices before buying.
- Explore refurbished laptops or tablets for reliable, lower‑cost technology.
- Utilize free after‑school programs offered by local schools and nonprofits.
- Begin modest, regular contributions to a college savings account.
By applying these strategies, New York families can navigate the rising costs of the new school year while preserving their household budgets. Tune in to ABC 7’s “Your Money, Your Savings: Back to School” for more detailed advice and local resources.
Original reporting: Brookhaven News – ABC7 New York — read the source article.
