Creating a Back-To-School Plan

By K. Bridget Schneider, CFP®, CRPC®

Summer is coming to an end. Now this can mean many different things to many different people. Whether you’re a child, an adolescent, a parent, or even a grandparent, school is starting, and many people of all ages are affected by this time. It could mean all your free time you began to get accustomed to is lost, or maybe it’s time to get back into the routine of dropping your kids off at school every day. No matter your grade, institution, or involvement. School is heading back into session.

A great way to tackle the expenses that school brings is by creating a plan. Whether it’s paying for tuition or it’s buying the 24 pack of crayons versus the 64 pack, having a plan for expected and unexpected expenses will help you decrease stress during this busy time. Creating a budget can be extremely beneficial for tuition, school supplies, extracurricular fees, new clothing, or even groceries and eating out.

Start by making a list of items you know you’ll need, and the associated costs. For example, tuition, activities, and some required books can have set fees. Other items like food, supplies and clothing can vary depending on the finances you have available. Your plan should also include extra money set aside for unexpected costs. Making a plan will help you be prepared.

I love the term lifelong learner, so for those who are not enrolled or have no affiliation with school currently, use this blog to motivate you towards taking the leap and learning how you could better take care of your money in the future.

As you’re creating your back-to-school plan, why not prepare for your financial future? You can start with an idea of what you want to accomplish financially this school year. Maybe you’re not sure about how to create a plan to save money (also known as a financial plan). Feel free to visit our website and check out some of our resources or even schedule an appointment. You can also call our office at 217.605.8130 to set up an appointment with one of our advisors.

Recent Posts

4 Ways A Small Business Can Benefit From a Financial Advisor

By Joe Globensky, RFC® As a financial advisor and small business owner, I know firsthand how my knowledge and experience has helped our company.  But if you have your own small business, you might not realize the value a financial advisor can...

Ways to Raise Financially Savvy Kids

Whether we admit it or not, money plays an important role throughout our lives.  Learning how to responsibly and smartly handle money is necessary for our children’s future financial success.

What Is Cash Flow and Is It Important?

Cash flow is the movement of money into and out of your household.  You will either have positive cash flow or negative cash flow depending on if you have more money coming in or more money going out.

Contact

Office: 217.605.8130
Toll-Free: 844.305.7670
Fax: 217.666.4188

604 N Union St Ste 1
Lincoln, IL 62656

Email Us

eNews

Sign up to receive the latest news, tips, outlooks and more:

Where are you located?

We are located in Central Illinois in the town of Lincoln. We also have an office in Plano, Texas. We work with a national clientele and will be happy to serve you.

Can I learn more about your services?

Sure. We advise clients on investment management, retirement planning, and other financial matters to help manage what they have. Because, many people save and invest, but they aren’t really sure they’ll have enough assets to be comfortable and do what they want in retirement or later stages of life. We show them whether they are on target or not. We can help you, too.

Would you like a no-cost, initial conversation to learn if you’re on track?

Yes, Thanks.