Managing your back-to-school expenses can be quite stressful. From bus passes to iPads, books, and uniforms – it can seem like a never-ending list! In a recent study, it was noted that parents are spending an average of €1,152 per primary pupil, and €1,288 per second-level school pupil. Starting, or returning to school isn’t cheap and we can all do with saving some money as we know there will be more important things later.
Here are some tips to help manage going back to school without emptying the piggy bank:
- Plan your finances early. This will give you a clear view of your expected expenses. Consider personal credit options like Croí Laighean CU’s One for One loan This unique loan allows you to borrow up to €1,000 for 12 months at a low rate of 6.73%. If you need more, we also offer back-to-school loans and student loans for amounts over €1,000.
- Determine what’s really needed. Before you buy anything new, check your home for hidden supplies. Also, differentiate between necessities and wants. That new lunchbox may be a want, but it’s not a necessity.
- Rent or buy second-hand books. Many schools offer book rental schemes. If not, you can find second-hand textbooks on notice boards, parent associations, and websites such as adverts.ie and donedeal.ie. Consider saving older books for younger siblings – if they’re salvageable!
- Prepare for the unexpected. Unexpected expenses can come up during the school year, such as lost items, school trips, and special events. If you find yourself in a bind, call us to talk about our range of personal loans and top-ups on existing loans. These are ideal for last-minute financial needs.
We offer a range of loans to cover all back-to-school needs. Our loans have market-leading rates and flexible repayment plans to suit all budgets. Click here to learn more about our range of loans or contact us today in the branch, on the phone, or via email.