Back To School Stresses.

The summer is coming to an end and kids are back at school, for many households its bittersweet. The stresses of getting supplies, managing childcare, packing lunches can be a little overwhelming. I know when my kids were in school the month of September always had me juggling funds. Money was tight.


No matter how much I planned and saved during the summer months there never seemed to be enough. Kids always wanted the newest styles, a cool backpack, binders that required a quick course on how to open them up. Let’s not forget the endless invoices coming from the school itself. Picture day, paying for classroom supplies, the list can go on.

So, for the parents who already overspent this year don’t feel bad; there was an awful lot going on. But I encourage everyone to get a jump on next year.


Budget for next year right now.


You could save for these large expenses little by little. For example, if you want to spend $600 on back-to-school clothes and supplies, you could plan ahead and set aside a small, regular contribution from each paycheck. If you started in October, you would only have to save $60.00 a month or $30.00 a paycheck to meet your goal by August.


Start picking up little things as soon as they see them on sale. Why wait until August 2023, when you know your kid will need new binders today? Buy as much as possible, as early as possible, before price hikes take effect.


Before you shop, check for the best deals and sales online. Compare prices before heading to the store and shop at stores that have great price-matching policies. The use of on on-line apps like Flipp can direct you to all the sales.


Talk to your advisor. We all need someone to lean on at times. Put us to work.


Did you know that working with an Advisor over time can create up to 2.3% more wealth*? We are not only here to get you to retirement. Right now, it’s the little things that count. Like setting you up with a savings strategy to help you through the ongoing expenses that life throws at you.

*Source:the Value of Financial Advisors, by Claude Montmarquette and Alexandre Prud’Homme, CIRANO, 2020


During my career I have loved working with all my clients, I miss you all and I would love to hear from you! I can be reached in multiple aways.

- The office 604-428-5192

- Directly on my cell 604-340-4352

- Physically in the office which is at #101 – 11950 80th Ave Delta BC V4C 1Y2

- Or via email tammy@mcleodmooney.com


Disclaimer: The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as investment, financial, legal, accounting or tax advice. Please obtain independent professional advice, in the context of your particular circumstances. This article was written, designed and produced by Tammy Dorais for the benefit of Tammy Dorais who is a Investment Funds Advisor at McLeod Mooney Financial Planning a registered trade name with Investia Financial Services., and does not necessarily reflect the opinion of Investia Financial Services Inc. The information contained in this article comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any securities.

Mutual Funds, approved exempt market products and/or exchange traded funds are offered through Investia Financial Services Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Fund values change frequently and past performance may not be repeated. Investia is not liable and/or responsible for any non mutual fund related business and/or services.

Life Insurance related services and products are provided through McLeod Mooney Financial Planning Inc. via IDC Worldsource (MGA).

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