We all know that teachers are superheroes—but budgeting for a new school year can make them feel like kryptonite. Between gathering supplies, classroom decor, and spending their own personal expenses, here’s how they can take control of finances during this school year. (Share this blog with a teacher you know!)
#1 Track Classroom Spending
The Educator Expense Deduction lets you write off up to $300—but only if you know what you spent. Use a simple app or spreadsheet to log your purchases. Nymeo offers digital calculators. Check them out on this page. We also can provide a financial checkup if you want to get an overall picture of your finances.
#2 Set Boundaries on Extras
We get it—you want the cozy reading nook, the STEM corner, and the glitter pens. But don’t feel pressured to spend your own money on everything. Try Amazon wishlists, DonorsChoose, or ask families for help.
#3 Revisit Your Paycheck
Make sure your direct deposit is still going where it should. Consider splitting it—some into checking, some into savings—to help with future expenses. Nymeo can help you do this!
Category: Credit & Budgeting
