There is something about the start of a new school year that feels like a reset. Even when your kids are older, I think that back-to-school time still has that feeling of getting back into a routine. Summer schedules are different. We may eat out more, travel, spend more on activities, and just be a little less structured. Then school starts, fall is right around the corner, and life seems to get busy again. It is also a good time to take a quick look at your budget.

Look Back at Summer Spending

Summer spending can sneak up on you. There are vacations, day trips, eating out, extra gas, activities, and all those little purchases that do not seem like much at the time. I do not think you need to go through every single transaction. Just take a look at where you may have spent more than usual. Sometimes simply noticing it helps you reset.

Think About What Changes With School Starting

Back-to-school expenses are not always just school supplies. There may be activity fees, sports, lunches, clothing, gas, fundraisers, or other expenses that start popping up again. When my daughter was in school, it always seemed like there was something else coming home that needed to be paid for. Looking ahead a little can help keep those expenses from catching you off guard.

Get Back Into a Meal Routine

This is a big one when schedules get busy. It is so easy to grab takeout when everyone is going in different directions.

You do not have to plan every meal perfectly. Even having a few easy meals at home can make a difference. Sometimes just knowing what you are going to make for dinner keeps you from spending $40 or $50 on food because you are tired and do not feel like figuring it out.

Yes, It Is Already Time to Think About the Holidays

I know, nobody wants to hear that in August. But the holidays really do come around fast. Even putting a small amount aside now can help later. It does not have to be a lot.

A little saved in August, September, and October is better than trying to come up with everything in December.

Pick One Thing to Reset

Pick one thing that would make life a little easier. Maybe it is packing lunch more often, eating out one less time each week, putting a little money into savings, or just paying more attention to the small purchases.  

A financial reset does not mean making big changes all at once. Sometimes a few small adjustments are enough to help you feel more in control as you head into a new season.  The important thing is simply taking a little time to look at where you are and where you want to go. 

Lisa Ohnemus

Director and Certified Credit Counselor
Consumer Credit of Des Moines