According to new data from Intuit Credit Karma¹, more than half of parents say that back-to-school expenses are a major source of financial anxiety. That number climbs even higher for families with more than one child in school. In fact, 54 percent of parents shared that they expect to cut back on necessities, like groceries, just to make sure their children have what they need for the year ahead.

If you’re feeling the pressure, you are not alone. The good news is that there are practical ways to plan ahead and spend smartly so you can take care of your family’s needs without sacrificing your financial wellbeing.

Start with a realistic budget

Before shopping begins, take some time to list out what each child truly needs. This could include basics like notebooks and pencils or bigger items like backpacks, clothing, or electronics. Once you have your list, assign a realistic spending limit based on your household budget. If your child is older, consider involving them in the process to talk through wants versus needs and set spending expectations together.

Reuse and repurpose when you can

Before heading to the store, check what you already have at home. Many school supplies like scissors, calculators, or binders from last year might still be in good condition. Clothing, too, can often be reused or passed down between siblings. Repurposing what you already own is one of the easiest ways to reduce your spending without skipping important items.

Take advantage of sales and community resources

Back-to-school sales often start as early as mid-summer, so planning ahead can help you get the best deals. Look out for coupons, price match guarantees, and tax-free shopping weekends in your area. You can also explore local nonprofits, school supply drives, or community organizations that offer free or discounted resources for families.

Consider extracurricular costs early

After-school programs, sports, music lessons, and clubs can come with their own set of fees and equipment needs. These activities can play a meaningful role in your child’s development and social life, but they can also catch families off guard if not planned for in advance.

Try to get a full picture of the costs involved before the school year begins. This might include uniforms, instrument rentals, transportation, or registration fees. Once you know what to expect, build these costs into your monthly budget just like any other recurring expense. Even setting aside a small amount each week during the summer can help offset the impact once programs begin.

Shop with flexibility in mind

If your child wants name-brand items or the latest trends, explore alternatives that fit your budget. Many stores now carry high-quality private label or store-brand supplies that are more affordable but still durable. Secondhand shops, consignment sales, or online marketplaces can also be a great place to find lightly used clothing and sports gear.

Talk openly about money with your kids

Back-to-school shopping is also a great opportunity to build financial habits at home. Talk to your kids about saving, budgeting, and making thoughtful choices. Younger children can help compare prices or count change at the store, while older ones might take charge of their own spending allowance. These early lessons help build a foundation of financial confidence that will benefit them for years to come.

Planning ahead helps everyone win

Back-to-school season doesn’t have to mean financial stress. With a little planning, flexibility, and creativity, you can meet your child’s needs and protect your family’s financial wellbeing. Start early, stay organized, and remember that even small savings can go a long way.

This information is for informational purposes only, is intended to provide general guidance, and does not constitute legal, tax, or financial advice. Each person's circumstances differ and may not apply to the specific information provided. You should seek the advice of a financial professional, tax consultant, and legal counsel to discuss your particular needs before making any financial or other commitments regarding the matters related to your condition.

¹ Retrieved from: https://www.creditkarma.com/about/commentary/back-to-school-2025-financial-stress-tariff-worries-and-labubu-dolls