Save, Spend and Give this School Year

As the final weeks of summer are winding down, many families are left facing a multitude of unknowns when it comes to going back to school this year. Parents and educators alike are left with some tough choices. Most have only a vague idea of what this school year will look like. Fortunately, one of the things we can be sure about is our money and what we do with it.

Save, Spend and Give…

“Save, Spend, Give” is a lesson that we think is important for both children and adults. Every time a little bit of cash comes your way, you do three things with it- Save some, spend some, and give some to those in need. We often find that this idea can be applied so many different ways-including when it comes to facing the unknowns of the upcoming school year.

• SAVE Some Money for Next Year’s School Supplies
  Similar to Christmas, school supply shopping comes around once every year. While it might be a little late to save for this year, it’s not too late to start thinking about next year’s “back to school” shopping list! If you budget and start setting aside money for next August today, you’ll be ready for whatever next school year will bring. By planning ahead, you’ll be much less likely to break the bank!
• SPEND Some Time Teaching Your Child…
  about where and when to wear a mask, how to wash their hands properly, and the polite way to sneeze! Whether your child is going back in person or participating in distance learning, your teachers will thank you for years to come if you work on good hygiene and preventing the spread of viruses. These lessons will help keep your little one and your family healthy all year round.
• GIVE Back to Your Teachers
  This school year is fraught for everyone, and many of our teachers are having to face the typical stresses of the school year with the added pressure of keeping themselves and our kids safe and healthy. One way that you may be able to help is by making a donation to your teachers’ classrooms. There are a few things that will be useful whether teaching virtually or in the classroom such as books for story time, whiteboards and dry erase markers, and storage bins and organizers. While the need for hand sanitizer, anti-bacterial wipes, tissues and cleaners may be more pronounced this year, they will come in handy no matter the time.

Don’t Let Your Finances Be an Unknown

At Kennedy Financial Group, we understand how unsettling the upcoming year may seem and one thing we hope is never cause for concern is your finances. Call our office today for a no-cost, no-obligation look at your plan.

To discuss any of the topics covered, and how they might affect your finances, don’t hesitate to schedule a call with our team!

Securities offered through LPL Financial,Member FINRA/SIPC. Investment advice offered through HighPoint Advisor Group, a registered investment advisor.

HighPoint Advisor Group and Kennedy Financial Group are separate entities from LPL Financial.

Stuart Ritter and T. Rowe Price are not affiliated with LPL Financial,

HighPoint Advisor Group or Kennedy Financial Group. Steven Fronrath is solely an Investment Advisor Representative of HighPoint Advisor Group, and not affiliated with LPL Financial.

Dave Ramsey and SmartVestor are not affiliated with LPL Financial.

Any economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that any strategies promoted will be successful.