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Save money on school supplies with tips from MSUFCU

Posted at 11:42 AM, Aug 23, 2019

As summer winds down, it's time for back-to-school shopping. According to The Penny Hoarder, an average of $635 per student was spent on back-to-school shopping in 2018.

Deidre Davis, MSU Federal Credit Union's Cheif Marketing Officer, stopped by to talk about how parents can save time and money.

Easy Back-To-School Shopping

    • Get teachers’ lists of school supplies
    • Review what supplies from last year you still have
    • Create a shopping list
    • Create and stick to a budget

How To Get Kids Involved

    • Have kids track the amount spent during shopping.
    • Remember to check out garage sales, consignment shops, and retail shops for less expensive, gently used items.

How Can MSUFCU Help?

    • Set up a savings account and set up automatic transfers to save for this shopping trip.
    • Consider three or six-month Certificates to save even more.
    • Youth accounts are a great way to introduce kids to money management in a fun and engaging way.

For more information, visit msufcu.org.