August 2019 Newsletter


It’s That Time of Year Again!

Summertime is winding down. K–12 Teachers are prepping to return to their classrooms and start decorating. School supply lists are starting to surface. A new school year is right around the corner.

A new school year means only one thing – back-to-school shopping is almost here! Which means you’ll be sending your students back into the classroom before you know it.

According to the Huntington Backpack Index, in the 2018-2019 school year, the amount parents paid in back-to-school supplies was estimated as follows:

  • $637 elementary school kids

  • $941 for middle school children

  • $1,355 for high school students

There’s no way around it – school shopping is expensive. But, it doesn’t have to be. Much like financial planning, saving on back-to-school shopping requires a plan as well. With the right planning and preparation, back-to-school shopping doesn’t have to break the bank.

TAKE INVENTORY

Before you go shopping and buy a bunch of supplies, take inventory of your house. Check drawers and cabinets to see what supplies you have that can be used again. Look at backpacks, lunchboxes and even school clothes from last year to see what can be kept and what needs to be replaced. From there, make a list and determine what your child needs and what you already have.

GET THE SCHOOL’S SUPPLY LIST

Generally, retailers like Target and Walmart usually have copies of the supply lists divided by grade, school, and district, and those lists are usually available online before they’re in the store. Check the lists, do a little research regarding prices and make a budget accordingly. You can check with your child’s teacher to make sure you’re getting the most important items.

DON’T FORGET ABOUT DISCOUNT STORES AND COUPONING

Do you want to save some real money? Purchase things like notebooks, pencils, and paper at discount stores. If you’re into couponing, you can save some big bucks there as well. Poke around the internet and see where the deals are before you hit the stores.

CREATE A BACK-TO-SCHOOL CHECKLIST

If you want to see actual savings, don’t go into back-to-school shopping without a plan. Rather than charging up your high-interest credit card, talk with us about a loan with a plan that works for you. You’d be amazed at the savings you find. Back-to-school shopping doesn’t have to be overwhelming or expensive. For help or questions about savings, check with any of our experts at Chabot Federal Credit Union.


We Want to Hear from You!

Thank you for being a valued member of Chabot FCU. We’d like to know what you look for in a credit card. What’s important to you? Share your thoughts at surveymonkey.com/r/3NBRGFJ


No Debbie Downers Here

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Remote Deposit Capture Has Arrived!

You can now turn your iPhone®, iPad® or Android™ phone into a deposit-making device. No need to head to the credit union or ATM to deposit a check. All it takes is a camera on your phone. Simple and convenient, now you can deposit checks while on the go with Remote Deposit Capture.


Did you KNOW…

Chabot College’s registered nursing program received a Gold Star for career education, the highest achievement awarded by the state community college system. Altogether, the Chabot-Las Positas Community College District received 29 honors.


Stay Alert and On Top of Your Accounts!

With the latest news regarding breaches for a major credit card company, we wanted to give some best practices on keeping your account(s) from falling prey. Read our blog post for tips on how to keep your account(s) protected. Visit ChabotFCU.com/blog for this article and more.