“Families typically are doling out large amounts of cash to pay for back-to-school gear for their children, which includes books, supplies and clothing — not mention fees around after-school programs,”Sign up to receive daily headline news from the Vancouver Sun, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
The know-before-they-go approach to school planning is especially important this school year, she says. “Get them to take stock of what they already have before giving you a list,” Porter says. “Getting everything new is not financially sustainable for most families, and it’s an important financial lesson we can teach our children about making responsible financial choices.Article contentJackie Porter, a Toronto-based certified financial advisor.
“You can use this time to have ‘the money talk’” with your children about what’s in the budget and what isn’t,” she explains.Article content