Financial advice for parents managing back-to-school costs

Finance and legacy expert Jini Thornton has provided practical financial advice for parents facing back-to-school and college expenses. During a discussion on ‘Get Up Mornings with Erica Campbell’, Thornton emphasized that parents should prioritize their own retirement savings over funding a child’s higher education.

Thornton noted that unlike education, there are no financial aid programs available for retirement. She advised parents to maximize their personal retirement resources first and use remaining funds to assist with college costs. Additionally, she suggested that parents consider reusing school supplies from home to teach children financial responsibility and reduce budget pressure.