Steve Noviello: Back-to-school budgeting for Mom & Dad - DC News FOX 5 DC WTTG

Steve Noviello: Back-to-school budgeting for Mom & Dad

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Consumer Reporter Steve Noviello tackles the tough questions for mom and dad when it comes to doing the math for back-to-school budgeting.

Noviello is sharing the answers he solicited through social media when he asked viewers to post their biggest back-to-school challenges. Top of the list: budgeting.  

He says one of the first rules for back-to-school budgeting success is getting the whole family involved in the process.  If your kids have no idea how much things cost, then you have automatically eliminated reason and limits.  

Yes, you want to give your kids everything they want for back-to-school, but make the list with them.  Discuss wants and needs.  

Also, take a look at the cost of after-school activities and allow your kids to make some tough choices.  Your kid says they really want to take dance lessons and play basketball, but what if doing both meant no new backpack or fewer field trips.  See if they can prioritize with you.

SEE MORE? CLICK ON THE VIDEO ABOVE TO SEE STEVE'S REPORT!

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