Fairfax, VA (PRWEB) August 29, 2014
Back to school shopping expenses for K – 12 and college aged children was expected to reach $72.5 billion according to the National Retail Federation. The average amount spent for K-12 students was predicted to be $634. Budgeting for annual expenses such as back to school shopping is important. The Association of Independent Consumer Credit Counseling Agencies encourages consumers to include the additional expenses that will accrue during the school year in their budgets as well.
“Consumers who take the time to include as many known expenses into their budgets as possible will be more successful at avoiding unwanted credit card debt,” said Christopher Viale, chairman of the board, Association of Independent Consumer Credit Counseling Agencies. “Having a plan for all expected expenses during the school year will assure better preparation to meet the expenses with current income without relying on credit.”
AICCCA offers the following budgeting tips for parents of K-12 and college aged children:
AICCCA: Founded in 1993, Association of Independent Consumer Credit Counseling Agencies is a national membership organization established to promote quality and professional delivery of credit counseling services. AICCCA and its members are focused on financial education, efficient processes and advanced technology to best serve clients and creditors. AICCCA members are independent nonprofit agencies that advocate for debtors, annually counsel millions of consumers nationwide and provide debt management services to consumers with excessive unsecured debt. To contact an AICCCA member agency call (866) 703-TRUSTAICCCA (866-703-8787) or visit http://www.aiccca.org.