07/24/2023: Back-to-School Shopping & Ways to Save

Back-to-School Shopping: Ways to Save

As we wave goodbye to the lazy days of summer, we’re shifting gears into another season marked by its own flurry of activity: the back-to-school period. This time of year can be quite exciting but also intimidating with the endless shopping lists for school supplies, clothing, and more. For many of us, the expenses can quickly add up.

But fear not! With a bit of planning, strategy, and ingenuity, back-to-school shopping can be both economical and straightforward. Today, we’ll share a few strategies that can help you squeeze the most value out of your dollars.

1. Take Inventory:

Start by taking a thorough inventory of what you already have. More often than not, last year’s supplies—like scissors, calculators, backpacks, and lunch boxes—may still be in good condition. If it’s still functional, there’s no need to replace it.

2. Create a Budget:

Once you have a clear idea of what you need, set a reasonable budget. With a budget, you can avoid impulse buying and instead focus on purchasing the items your kids genuinely need. Make sure to involve your children in the budgeting process—it’s a great lesson in financial responsibility.

3. Shop Early & Shop Smart:

Get a head start on your shopping. Retailers often roll out their back-to-school sales in late July or early August. This period is the ideal time to catch the best deals. Additionally, consider buying in bulk for items your kids use a lot—like pens, paper, or notebooks—it often comes cheaper.

4. Use Technology:

Several mobile apps and browser extensions can help you compare prices, find discounts, or earn cash back or rewards on your purchases.

5. Go Green:

Purchasing items like refillable water bottles or reusable lunch containers may have a slightly higher upfront cost, but they can save money in the long term and are kinder to our planet.

6. Second-Hand Shopping:

Don’t overlook thrift shops, online resale platforms, or yard sales. They can be a treasure trove of barely-used or even new items. This approach is especially useful for pricier items like sports equipment, calculators, or musical instruments.

7. DIY and Upcycle:

You can add a personal touch to school supplies by letting your kids customize them. Old binders can be spruced up with some fabric or stickers, for example. It’s an excellent way for your kids to express their creativity and reduce waste.

8. Pool Resources:

Join forces with other parents. Buying school supplies in bulk can reduce the cost per item significantly. Collaborate with other families to shop together, thereby maximizing the value you get from bulk purchases.

9. Use Your Local Library:

School projects often call for books and resources that can be expensive to buy. Make use of your local library or school library instead of buying these resources. It saves money and fosters a love for libraries in your children.

10. Shop Tax-Free:

Shop during tax-free days! You can save a decent amount just in taxes alone.

Remember saving money isn’t about denying your children their needs or wants—it’s about spending wisely and instilling smart financial habits. After all, every dollar saved today can be a step closer to future financial goals.

The new school year awaits, promising a world of knowledge and growth for our kids. Let’s send them back to school, well-prepared, without breaking the bank.

Happy Saving!

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