Parents, are you feeling it yet -- that pull on your purse strings from you children's schools? By now, the requests for classroom supplies, field-trip fees, fundraising donations and more are rolling in on a regular basis.
I'm well aware of how much parents are expected to give because I have two children at a public school. As president of the parent-teacher organization, I also know how much the schools need financial support from parents. So how do you balance your desire to help with the reality of your own limited funds -- and avoid looking like a cheapskate if you can't open your wallet every time the school asks?
Even though this is your child and his or her school we're talking about, you have to approach this like you would any other financial situation. You have to ...
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Set a budget. If this is your child's first year in school, talk to his or her teacher, parents with older children or members of the parent organization to get an idea of how much you'll be expected to spend on supplies, field trips, etc. or to contribute to fundraisers throughout the year. If your child is a returning student, you already have a pretty good idea. Once you have a dollar amount, it will be easier to figure out whether you can make room in your budget to help out your child's school. Our budget worksheet can help.
Prioritize. Of course the school, its parent committee and your child's teacher would love for you to donate every time they ask, but they also understand that not every parent can. So contribute only when it fits in your budget and when you feel like your contribution will have the most impact. That might mean skipping the chili-supper raffle in order to buy a coffee mug adorned with your child's art so his or her feelings don't get hurt.
Give your time. You might not be able to afford monetary contributions, but you can donate your time. Schools need volunteers to help in the classroom, cafeteria, you name it.
Please share your advice in the comment box below on how to handle requests from your child's school for supplies and contributions.
-
NYC Congestion Pricing: Ghost Tax or Necessary Fee?State Taxes Drivers headed to Manhattan’s downtown district will face a new $9 toll in January.
-
Why Thoughtful AI Adoption Is the Future of Investment Decision-MakingTaking a proactive approach to AI in investing can lead to more responsible and positive outcomes.
-
Five Ways to Save on Vacation Rental PropertiesTravel Use these strategies to pay less for an apartment, condo or house when you travel.
-
How to Avoid Annoying Hotel Fees: Per Person, Parking and MoreTravel Here's how to avoid extra charges and make sure you don't get stuck paying for amenities that you don't use.
-
How to Appeal an Unexpected Medical Billhealth insurance You may receive a bill because your insurance company denied a claim—but that doesn’t mean you have to pay it.
-
Amazon Prime Fees Are Rising. Here’s How to Cancel Your Amazon Prime MembershipAmazon Prime Amazon Prime will soon cost $139 a year, $180 for those who pay monthly. If you’re a subscriber, maybe it’s time to rethink your relationship. Here’s a step-by-step guide to canceling Prime.
-
How to Haggle for Almost AnythingSmart Buying Learning how to haggle is an invaluable skill. These strategies will help you negotiate a better price for just about any product or service.
-
Disability Insurance Can Provide COVID CoverageCoronavirus and Your Money If you are concerned about long-term complications from COVID-19, consider disability insurance coverage.
-
21 Things You Can't Return to Amazon — Either Online or In-StoreDid you know there are things you can't return to Amazon? Before tossing these items into your shopping cart, be sure to read Amazon's return policy first.
-
How to Avoid a Charity Scampersonal finance Scammers never quit, even when you're trying to be altruistic. But you can avoid getting duped if you do your homework.
