How To Save On Back-To-School Shopping
10 Ways to Save on Back-to-School Shopping
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. Parents are experiencing a rise in prices for back-to-school items every year that can cause strain on the household budget. Research shows that money struggles can cause significant stress on parents and caretakers when they feel they cannot provide new and modern items every year. The truth is, our children will be more appreciative of the experiences than the material items in the future. Along with providing items they need for school you can also utilize this experience to show them how to be financially responsible at any age by including your child in the purchasing process. Saving for ONE special item or using crafty methods to make used items look new will mean the world to them that you can make something out of nothing.
Here are 10 ways to save this fall and throughout the year.
1. 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.
2. Check to see if your state has a tax-free shopping holiday.
Some states hold tax-free holidays multiple times of the year for particular products. Check out www.taxadmin.org/sales-tax-holidays to see if your state is one of them.
3. 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, then buy stickers and have them decorate their less expensive gear themselves.
4. Comparison shop online before going into stores.
You’ll save on time and gas money.
5. 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.
6. Set up e-mail alerts for sales.
Websites like Dealnews.com, Bensbargains.com, and thekrazycouponlady.com will let you know when coupons or great deals are available for specific items.
7. 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.
8. 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.
9. Go to garage and yard sales for clothing.
Websites like Garagesalestracker.com, yardsalesearch.com, and Craigslist.org are great online resources for finding bargains in your area.
10. 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.
As a Garden Savings member you also have access to various savings accounts that can be utilized to target a savings date such as Vacation or Holiday Club accounts. Although the name is Vacation or Holiday, you are free to utilize these savings products for any special occasion that match up with the timelines. Start off with $25 a pay period and see how you can achieve a savings goal for upcoming plans – then start over!
Open Teen Checking Account!
Garden Savings Federal Credit Union
The local credit union in your neighborhood.
A Better Place to Bank.
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