Local & Seasonal Financial Challenges Series: Part 2
Back-to-school season in Massachusetts is an exciting time—fresh starts, new classes, and the return of routines. But for many families, it can also be one of the most expensive times of the year. As a community-based financial institution, IC Credit Union regularly sees how seasonal transitions like this can put pressure on household budgets.
Between classroom supplies, sports fees, after-school activities, clothing, technology, and even early college planning, these costs can add up quickly.
Here are some ways to keep these back-to-school expenses under control without sacrificing what your student needs to succeed.
Plan Ahead for Supply Shopping
School supply lists often arrive mid-summer, but it’s never too early to prepare.
- Take Inventory First. Before buying anything new, look at what you already have. Backpacks, binders, calculators, and even lightly used notebooks can often be reused from year to year.
- Shop During Sales—And Massachusetts Tax-Free Weekend. Massachusetts typically offers a tax-free weekend in August, which can make shopping for both basic supplies and big-ticket items (like laptops) a little easier on your wallet.
- Buy in Bulk When It Makes Sense. For items you purchase year after year—pencils, glue sticks, folders—buying multipacks can save money and help you avoid last-minute rushes during the school year.
Saving on Clothing & Gear
With growing kids and changing seasons, clothing and equipment expenses can rise quickly.
- Look for End-of-Season Deals. Snag winter gear in the spring and summer apparel in the fall. You can save significantly by shopping during the off-season.
- Consider Secondhand First. Consignment stores, local swap groups, and online marketplaces offer gently used clothing, sports gear, musical instruments, and uniforms at a fraction of the price.
- Stick to a List. It’s easy to overspend when everything looks cute or “necessary.” Writing down exactly what your child needs helps prevent impulse buys.
Budgeting for Activities & Sports
Massachusetts schools offer incredible extracurriculars, but they’re not always free.
- Plan for Activity Fees Early. Things like sports fees, arts programs, clubs, and field trips can add up. Setting aside a little each month over the summer can ease the sting in September.
- Check for School or Community Assistance. Many districts offer fee waivers or reduced rates based on financial need. It’s always worth asking about available options.
- Share the Load. Carpooling, equipment sharing, or buying gently used uniforms can significantly cut activity-related expenses.
Thinking Ahead: College Prep Costs
For families with high schoolers, the back-to-school season can also mean early college planning.
- A Start Saving—Even Small Amounts Matter. Whether it’s a 529 plan or a general savings account, steady contributions can make a big impact later on.
- Explore Free Prep Resources. Many schools and libraries offer free SAT/ACT prep, workshops, and scholarship information sessions.
- Take Advantage of Massachusetts Programs. Programs like MassTransfer, MEFA resources, and state scholarships can help manage college-related costs for qualifying families.
Create a Back-to-School Budget
Even a simple plan can help you stay organized:
- Estimate costs for supplies, clothing, and tech
- Add in sports or activity fees
- Set aside a buffer for unexpected expenses
- Track spending so you know where your money is going
A little planning now can prevent financial surprises later.
We’re Here to Help
Managing back-to-school costs is easier with a plan—and guidance when you need it. Credit union membership is typically based on a shared community, workplace, or relationship, and financial support is part of the ongoing value members receive.
Whether you’re preparing for kindergarten or college, we can help you create a plan that fits your family’s needs.
Visit our Get in Touch page to connect with us—we’re here to support you through every season of life.
