Back to School Is Getting Expensive. Give Your Kids a Budget, Not Just a Card.
Back-to-school costs are rising. See how shared budgets can help parents and students manage school, college, and everyday spending. By Tom Giannulli, MD CEO & Co-Founder • 5 minute read Back to school isn't just about pencils and notebooks anymore. For many families, August means clothing, electronics, activities, transportation, food and dozens of other expenses. And increasingly, many of those purchases are made by the kids themselves using a parent-provided debit or credit card. In This Article What families are spending this school year The much bigger cost of college Why giving kids a card isn't the same as giving them a budget How parents and kids can manage school-year spending together Back-to-School Spending Is Approaching $900 Per Family The National Retail Federation estimates that families with children in elementary through high school will spend an average of $863.86 on back-to-school purchas...