As children gear up for another school year, it’s crucial for parents to ensure they’re ready with the proper supplies. From backpacks and folders to field trips and uniforms, the expenses run the gamut. So, why not open a checking account designed to cover back-to-school costs? Here are several benefits of having a convenient place for these funds.

3 Reasons to Open a Back-to-School Checking Account

1. Tuition Payments

For kids who attend private school, parents and guardians pay for the tuition costs. Many educational institutions allow payment installment arrangements. A checking account is an ideal way to make those monthly payments. Set up the transactions so the funds are automatically transferred into your checking account on the due date. This way, the money will be there to cover tuition.

2. Field Trips

Throughout the school year, children attend a litany of fun and exciting field trips. Sometimes, kids may wait until the last minute to inform their parents—or a teacher may send a friendly reminder. Be ready with funds earmarked for the field trips. You can ask your child’s teacher if they have the events already scheduled for the school year. Then, use the checking account to plan ahead. Don’t forget to include extra cash for lunch and souvenirs.

3. School Events

From teacher’s appreciation day to classroom holiday parties, there are a number of special events that occur throughout the school year. Use your back-to-school checking account to cover the expenses for gifts, food, and decorations. Set aside cash for the year and withdraw as needed. You won’t have to worry about scrambling at the last minute to get to the ATM and then to the store to help pay for those in-school activities.

These are just a few ways a checking account can help cover all of your child’s back-to-school needs. Estacado Federal Credit Union in Hobbs, NM, offers a range of options for your unique financial situation. They’re affordable, convenient, and have online banking capabilities. To learn more, call (575) 393-1596, and visit the website for information on becoming a member of the credit union.