Backpacks to Budgets: Your August Financial Reset

August offers the perfect opportunity to reset your finances
before the busy end-of-year season. Casey, a financial education
specialist with over 10 years at Centric Credit Union, shares
practical strategies to manage expenses during the costly
back-to-school season and beyond.

• Back-to-school expenses can exceed holiday spending costs, with
basic public school fees alone costing hundreds of dollars
• The free Centric Credit Union app features an Insights tool
that automatically categorizes spending and helps create custom
budgets
• Setting up spending alerts at 80% of your budget provides
accountability and prevents overspending
• Distinguishing between needs versus wants is crucial during
financially intensive seasons
• Taking time to evaluate your spending patterns can reveal
"sneaky spending" habits that derail your budget
• The budgeting tools can automatically tag recurring vendors to
specific categories, making expense tracking easier

Download or open your Centric Credit Union app to explore these
financial management tools. Find more resources, tips and
inspiration at mycentricorg. Centric is federally insured by the
NCUA.