COLUMBUS, Ohio — As families face the annual expense of back-to-school shopping, Chase Bank is promoting early preparation and financial education for children.

Erica Wicks, vice president and Columbus community manager with Chase, led a session Thursday teaching children the basics of budgeting and setting financial goals.

Wicks outlined several key strategies for families preparing for the new school year: create a plan, establish a budget, shop around for savings, and most importantly, get children involved in the process.

"It's basically bringing them along, because think about it, when they go to the store for a snack or something, those little people do not pay for that," Wicks said. "However, it's important to have the conversation on making decisions between a need and a want.

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