According to the National Retail Federation, the average American household spends $685 on back-to-school shopping for children in elementary through high school and $943 for young people going to college. Here are 10 ways to save this fall and throughout the year.
- Create a checklist of items and stick to it.
Before you begin shopping, empty your kids’ backpacks to see what was left over from the previous year. Mark them off your checklist and then buy only the items still remaining.
- Check to see if your state has a tax-free shopping holiday.
Louisiana has had an annual “Back To School” sales tax holiday since 2007. This tax holiday is meant to help parents save money when purchasing common back-to-school supplies for their children. It is set for August 7th-8th.
- Consider shopping without the kids.
They’re more likely to fall for the strategically placed items stores want you to buy. Backpacks and notepads with your kids’ favorite superhero or Disney character can be 30% or more expensive than generic kinds. If your children insist they need an expensive, trendy backpacks, buy stickers and have them decorate their less expensive gear themselves.
- Comparison shop online before going into stores.
You’ll save on time and gas money.
- Give your kids a clothing budget and a list of necessities.
You decide what items they must have, then with the remainder of the budgeted money, let them choose what they want.
- Set up e-mail alerts for sales.
- Buy school supplies in bulk.
Although you’ll have a large initial expense, in the long run the supplies will be cheaper, and you’ll have them on hand for several months.
- Follow your favorite stores and brands on social media.
You’ll be one of the first to find out when they’re offering deals and special promotions.
- Go to garage and yard sales or check to see if your school has a uniform exchange.
- Wait until August or September to buy your school supplies.
That’s when the prices drop significantly. You can even buy for the following year.
Need some extra cash to pay for supplies? Take advantage of our Back To School Loan going on now.