Families should change their attitude towards buying goods for a new school year.
According to the credit specialist, only half of Canadians set a budget when they make purchases for the new school year, and this can cause financial difficulties in the future.
The woman compared this period of big spending with Christmas because this happens also once a year. According to the poll, 69% of Canada residents declared that they spend too much on back-to-school shopping. Despite this, they do not set a budget for spending and do not stick to it.
Planning and maintaining the family budget is one of the most important aspects of family life, Sandra says. An important part of meeting the family budget is the division of the child's real needs and desires. This will help to significantly reduce costs.
Fry noted that it is important to teach the child that there are certain restrictions when shopping. The child must understand this and participate with you in the process of choosing only necessary goods with a reasonable expenditure of money.