A major shark bite out of your wallet.....

Post by: Valley Financial Group

"Beware of little expenses, a small leak will sink a great ship." -Ben Franklin

We all know the feeling. You just sat down to watch some Shark Week with friends or family, all excited to watch educational documentaries disguised as exhilarating TV, when a commercial break comes around. No big deal, you've never been phased by advertisements before, but then you see it. The three worst words in the English language for anyone ages 6 to 22. BACK. TO. SCHOOL. Adults can remember the devastation of the first commercial or billboard of the summer they spotted as children just as the dog days of summer were getting into swing, while the younger generation still has fresh wounds and vivid memories of that simply evil phrase. It may seem like a few silly words that mark the twilight of the summer, but what these words mean to us at different points in our lives is telling of where we stand on our journey.

When we're young, these words carry dread, foreshadowing another year of projects, presentations, and homework in the far too near future. As we grow a bit older, the phrase “Back to School” means a major shark bite out of your wallet! You can hear the Jaw’s Theme song “duunn dunnn…duuunnn duun…dun dun dun dun dun dun dundunnnnnnnnnnn dunnn

You are going to spend money.  According to the National Retail Federation, families will spend $673.00 on clothing and school supplies per child. http://www.thespectrum.com/story/news/2016/08/03/high-cost-going-back-school/88033328/

That does not include any of the money you will spend on your children’s fall athletic programs. Seventy-six percent of Americans live pay check to pay check and a majority of Americans do not know what the financial cost is to run their household. http://www.thesimpledollar.com/a-look-at-the-average-american-budget-and-how-the-average-american-can-start-saving-more/ Understanding your family’s cost of living, will help you plan better for the unexpected shark attacks to your bank account like the cost of sending your children back to school.  Please email courtney@valleyfinancial.com if you would like to receive an expense worksheet to know what it costs you and your family to live!