Five Smart Back-to-School Tips for Every Budget
Back-to-school season is a time of fresh starts, new routines and joyful opportunities. It also brings a variety of purchases - from school supplies and laptops to groceries, transportation or even tuition and other college expenses. The Peoples Bank knows things can get tight this time of year, and we’re here with the right financial tools to help our customers stay on track.
1) Start with a Spending Plan
Before school shopping, take time to create a clear budget. Divide your list into must-haves and nice-to-haves and assign a spending limit to each category. If you already know where your money is going, that will help you stay in control throughout the season.
2) Mix and Match Financial Tools
Using a combination of payment options can make all the difference. For parents and students alike, a debit card tied to a checking account helps with daily purchases and sticking to a set budget. For larger or cyclical expenses, the Peoples Bank has options. Whether you are interested in one of our low-rate, rewards credit cards, or a small personal loan, we will help you spread out payments while keeping interest costs low.
3) Earn a Little Back While You Shop
If you’re using a credit card, remember that two out of three Peoples Bank credit cards have rewards programs ranging from a points option or cash back. You can apply at the link here. You’ll earn points on everyday purchases like fuel, groceries and back-to-school essentials, turn routine spending into something that works for you. Redeem rewards points into gift cards or travel or get our cash back card to further stretch your school season budget.
4) Teach Students Smart Money Habits
The start of the school year is also a great opportunity to help students build real-world financial skills by introducing them to personal finance and smart money habits they can carry into adulthood. Our Teen Green checking account or debit or credit card for your student will provide hands-on experience with money management while keeping parental oversight in place.
5) Keep Flexibility in Mind
Everyday life comes with its share of surprises, and flexible financial tools found in many of our checking account options can help you or your student stay on track and feel secure no matter what comes your way. Whether you're spending on elementary school classroom supplies or big-time college needs, if you would just like to talk through options or get guidance, visit one of our 17 branches or go to thepeoples.com. We help families make smart, manageable decisions that keep life moving.