Budgeting hacks: How to manage back-to-school expenses this season

POSTED BY: Lionell Go Macahilig
2023-08-26 02:02:37 PHT

As the new academic year draws near, many parents, particularly moms, prepare for a pleasant back-to-school season for their children. The task involves ensuring that tuition fees and other expenses are paid in time for the start of classes and providing school supplies their children will need, such as textbooks, pens, paper, uniforms, and even gadgets, for their academic work.

However, the total cost of these back-to-school necessities might burden finances, particularly for families with a fixed monthly income. Because of this, parents must learn how to control spending. As this task can be challenging, leading consumer finance company Home Credit has provided some practical budgeting tips, which families can apply to avoid overspending in the upcoming school year.

Establish a list of school essentials and other expenses

Creating a detailed list provides an overview of the essential items the children require, and the fees parents must pay for the upcoming academic year. Doing so allows parents to prioritize what back-to-school needs should be taken care of first while not missing out on anything important.

Before finalizing the list, parents must not forget to check the school supplies from the previous school year. Identify reusable items and remove them from the list to avoid unnecessary expenses.

Determine the budget

Now that a comprehensive list for the back-to-school season is established, parents can start looking over or estimating the costs of everything their children require. From there, parents must set a realistic budget based on their financial capabilities. Doing so can help parents manage finances better and make informed shopping decisions.

Take advantage of deals and discounts

Sales and discounts can significantly reduce the total cost when shopping for supplies. Taking advantage of such offers can save money without compromising the quality of the items. Buying in bulk can also help families have a stock of school supplies that can last the whole academic year, minimizing school expenses in the long run. In addition, doing so enables parents to stretch their budget further for additional items or redirect the saved funds to other essential expenses at home.

The key to your back-to-school budget!

If you are looking for a convenient and reliable solution for your budget in preparation for the upcoming academic year, Home Credit has you covered. The leading consumer finance company offers a back-to-school cash loan promo for its eligible customers until August 31, 2023.

Using the My Home Credit app, you can now easily apply for a cash loan anytime and anywhere. With just one minute of processing time, you can avail a minimum of ₱3,000 up to ₱150,000 loan amount to cover your kids’ expenses this season, such as tuition fees, school supplies, and more. You can also enjoy flexible payment options that range from 12 to 60 months and get up to five months of free installments if you are an eligible customer who pays on time.

You are qualified to get this promo if your account is active and in good credit standing during the offer period. You can also enjoy Home Credit's ongoing promotions even after participating in the back-to-school cash loan promo.

Grab this offer while it lasts! Take advantage of Home Credit’s promo to ensure your kids are well-equipped to face the new school year without breaking the bank.

To know more about the latest updates from Home Credit Philippines, visit its official website, www.homecredit.ph. You may also follow its official Facebook, Instagram, and TikTok accounts. Customers are also encouraged to download the My Home Credit app on Google Play to learn more about the latest promos and see what’s new in the Marketplace.