The summer holidays are almost over, very soon parents around the UK will begin to think about the costs of sending their children back to school. It’s a time to celebrate for many, as children will be starting new journeys in their educational life, perhaps going to primary school for the very first time? or starting their secondary education? However, the associated cost of going back to school can be daunting, often costing upwards of £300 for many parents! Let’s think about the different factors that make up this sum.

What do you need to buy?

Every September, there will be a list of must buy items for many parents, these may include:

  • Uniform

    Keep in mind that many schools insist on buying branded uniform from a specific supplier, such as blazers, school shirts and ties. These can often cost upwards of £70 for a full set. One useful tip might be to ask the school if they have a second-hand store, these can be useful for keeping costs down while doing your bit for the environment.

  • School Shoes

    Perhaps the biggest one-off cost lies with school shoes. Children’s feet grow quickly, often parents are forced to buy a fresh pair of shoes every academic year. This can quickly add up. Saving up a small amount of money regularly throughout the year can be helpful, as this may help to cover the cost of new school shoes when September rolls around.

  • Food (Lunch)

    This can really add up in the long run, especially when children start secondary school. The idea of sending your children to school with lunch money is probably very tempting as many schools have a canteen available. However, if you opt to make packed lunches for your children, you can save a huge amount of money in the long run, while also ensuring that they are getting a nutritious meal every day.

Prepare for the future

Making a conscious effort to save money throughout the year for important milestones is key to building financial resilience. Why not learn more about how you can start saving with Serve and Protect CU today via: www.serveandprotectcu.co.uk

  • The information provided in this article is for guidance and educational purposes only. Police Credit Union Ltd. does not offer regulated financial advice. Please seek independent financial advice.

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