Cadence Bank Shares Back-to-School Money Tips

Aug 01, 2017

As millions of families gear up for the start of a new school year, Cadence Bank encourages parents to remember that expenses don’t end with the first day of school. According to a recent National Retail Federation survey, the average family with children in grades K – 12 will spend around $630 on back-to-school supplies, apparel, shoes and electronics. But that’s only the upfront costs. Public and private school parents alike can expect to spend hundreds, if not thousands, of dollars on school-related expenses beyond the initial supply list – from transportation and activities fees to fundraisers and field trips. Retail executives at Cadence bank share their top three tips for juggling finances during this critical time of year. 1) Anticipate hidden costs, especially for things like extracurricular activities; 2) plan early – Cadence recommends using an online personal financial management (PFM) platform, offered by Cadence and other banks; and 3) keep track of your spending – maintain details of expenditures against your budget.

BubbleUp is proud to work closely with Cadence Bank and its elite team of digital banking leaders. BubbleUp develops and formalizes the bank’s comprehensive web governance policies and procedures, ensuring the bank is in compliance with any and all relevant  regulations. Founded in 1989, Cadence Bank is a $9.5 billion regional bank with 65 branches in Alabama, Florida, Mississippi, Tennessee and Texas.