As summer winds down and students get ready to head back to school, we want to make sure families have the resources they need to ace their financial future.

From budgeting to tax breaks to savings plans, learn more about ways you can start the new school year off right.

Create a budget

Plan out your education expenses for the year and determine how much you’d like to budget for each line item so that you’re not tempted to overspend in the moment. Costs to consider include clothes, school supplies, technology, textbooks, extracurricular activities and transportation.

Don’t forget to set aside a little extra for unexpected costs that pop up.

Start a school savings account

Save in advance for education expenses by creating a savings account. Instead of trying to afford your family’s educational needs all at once, set aside a smaller amount of money each month so you can better plan your expenses.

You can also start a long-term savings plan for college education. Several options are available, ranging from a 529 College Savings Plan to a Roth IRA. You can often withdraw expenses for higher education from these accounts tax free.

Regardless of what educational needs you’re saving for, we’re here to help. Visit a local branch today to learn more.

Take advantage of tax-free savings

Ohio offers families a sales tax holiday to help families afford back-to-school needs. This year, the sales tax holiday runs from Friday, Aug. 1 to Thursday, Aug. 14. Most educational needs under $500 are tax free during the tax holiday, including computers, books, and school apparel. This year, the sales tax holiday also applies to purchases made on Amazon.

Help your kids learn about financial literacy

By involving your children in your back-to-school planning and shopping, you can help teach them valuable lessons even before the school year begins. Include your kids in your budget planning so they can learn more about financial planning and have them come along as you shop to see how much different necessities cost.

We’re here to help

For all your short and long-term school savings needs, we’re here to offer the tools and resources you need to secure your family’s financial future. Visit your local branch today to learn more and to talk with one of our financial planning experts.