Behm Law Group, Bankruptcy Attorneys

Parents and kids in Owatonna, MN are getting geared up for the new school year. One inevitable expense is outfitting and supplying kids with what they need to head back to the classroom. It is possible to spend wisely on supplies without going broke and facing the prospect of bankruptcy, according to the professionals at Behm Law Group, Ltd.

Here are several money-saving strategies to lessen the financial burden of getting your kids ready for school this year:

• Determine what you really need to purchase. Check each child’s closet and make a list of only what each one truly needs to head back to school. Round up all of the office and school supplies you already own. Put them in a central location so you can make a list of what you have. Take your lists with you when you shop.
• Stick to your lists. The teacher’s supply list at the start of the school year is daunting enough, so don’t waste money on unlisted items.
• Set limits. Draw up a budget and make a commitment to stick to it. Set limitations with your kids, and speak with them about money-based values. Try to stay away from trendy, cheaply made merchandise.
• Spread your spending over two or more pay periods, if possible, to help you stick to your budget.
• Shop end-of-summer sales. Snap up discounted clothing that can be worn well into fall and next spring.
• Host a back-to-school swap. Round up a couple of moms with kids the same gender as yours, but different ages, and host an annual clothes swap. Trade books and tools, too.
• Hit up the Dollar Store or Dollar General for great deals on basic supplies. You’ll be surprised at what you’ll find and how much you’ll save.
• Use coupons wisely. Scour your Sunday newspaper for coupons and search on-line coupon sites. To cut down on driving, remember that many stores offer price and coupon matching.
• Pay with cash vs. credit cards. This allows you to keep a tight rein on your budget. Once your cash is gone, you’re done shopping.

If your back-to-school expenses and other bills seem unsurmountable and you’re thinking about filing for bankruptcy in Owatonna, MN, give Behm Law Group, Ltd. a call at (507) 387-7200 to discuss your options. We’re standing by to assist you with this very difficult decision.