How to Budget for Back-to-School Shopping with CLEVR Money and a back to school loan
The Back-to-school season can be a difficult time for many families. However, with some planning and support from CLEVR Money, you can manage your expenses effectively. Here’s how to budget for back-to-school shopping:
Step 1: Make a List
Start by writing a list of everything your child needs for school, including uniforms, shoes, sports kits, stationery, and other essentials. Having a clear list will help you avoid forgetting something that you need and stay focused on what’s important.
Step 2: Set a Budget
Once you have your list, set a realistic budget for the items. Work out how much you can afford to spend and stick to this limit.
Step 3: Needs vs. Wants
Review the items on your list to pick the priority items. Focus on essential items first, such as uniforms and textbooks. If your budget allows, you can then consider non-essential items that are “nice to have”.
Step 4: Compare Prices
Take the time to compare prices. Look for sales, discounts, and online deals to get the best value for your money.
Step 5: Use CLEVR Money back to school loan if you need it
If you don't have all the money you need upfront, consider applying for a Back to School Loan from CLEVR Money. This is a £500 No-Credit-Check loan, repayable via child benefit. It offers an affordable way to spread the cost, making it easier to manage back-to-school expenses without financial strain.
Step 6: Track Your Spending
Keep track of your spending throughout the shopping process. Use the notes app or a budgeting app to monitor your purchases and ensure you stay within your budget.
Step 7: Save for Future Expenses
Back-to-school shopping doesn’t end with the start of the school year. Set aside some money throughout the year for future expenses such as school trips, extracurricular activities, and the inevitable costs for lost or damaged goods.
Conclusion
Budgeting for back-to-school requires some careful planning and discipline, but it is achievable. By following these steps and taking advantage of services like CLEVR Money’s Back to School Loan, you can ensure your child has everything they need for a successful school year without breaking the bank.
Apply for a Back to School today and make back-to-school shopping a breeze!
Affordability checks apply. Loans are subject to status. Terms and Conditions apply.
Do not apply if you are considering, or are in an IVA, DRO, DMP or Bankrupt.
Representative example: Borrowing £500 over 12 months will cost £50.23 per month. Total amount repayable is £602.76 which includes interest at 42.6% APR.
