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Back To School: New Beginnings For Both Parents And Children

We all have a love/hate relationship with this time of year. Summer is coming to an end and school is soon to follow. The beginning of a new school year can be a new beginning for all of us. As you start to prepare your children for their school year, are there things you should be reexamining…your personal finances perhaps?

Getting yourself and your family back into school mode can prove to be difficult. To minimize stress, it’s great to be as organized as possible. Carefully planning out what school supplies to buy, making sure their first day of school outfits are picked out and ready to wear, pre-making lunches, getting to the bus early – these are all easy ways to avoid stress in planning for back to school. Take in the entire “back-to-school” picture when you’re beginning to get organized. This strategy also works with your financial life. With this new beginning try to become more financially organized. Look at all the financial decisions you’ve already made and talk to someone about providing you with a single, organized view. When we see the entire picture, just like with back to school planning, it’s a lot easier to make informed, effective decisions.

Explaining to your children that this school year is an opportunity to start fresh can help them become excited about what the future holds. If they struggled with their algebra class last year, this year can be different because they will be looking at it with fresh eyes. Fresh eyes are also important when looking to organize your finances. Find a financial professional who can take in the whole picture and help you measure your financial decisions, giving you more control over your families future. This will bring balance in your financial and personal life.

Another exciting aspect of heading back to school is all of the opportunities to learn new and exciting things. You would never tell your children not to take advantage of a new learning opportunity, would you? This should be the same with your personal finances. Take advantage of the opportunity to gain a greater understanding of how your money works. Start with discovering the rules around your financial products, while considering strategies that will give you a clear vision of your financial future. Just like going back to school, these opportunities are there to get you to the best possible outcome, but only if you do it the right way.

Just like finding a great teacher to guide your children, finding a great financial professional to guide you onto the right path is just as important. With a Leap Professional, you have the opportunity to take a look at your entire financial life, helping you to understand the completeness of real financial decision making.

Take these new beginnings and make the most out of them. With back to school and with your finances it’s time to get organized, look at it with fresh eyes. Take advantage of new learning opportunities. You’ll be amazed at how this can jump-start your future.


"The opinions expressed are those of the author and do not necessarily represent Penn Mutual or any of its other affiliates. LEAP® and Financial Stories are trademarks and service marks of Leap Systems, LLC which is an independent affiliate of Penn Mutual Life Insurance Company (PML). Trademarks belong to their respective owners. It is important to note that the implementation of any strategies provided as a part of LEAP are designed to aid one in reaching their financial goals, but no assurance can be made that these goals will in fact be reached. Individual results may vary."

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