Back-to-School Shopping Tips to Save Money

Introduction

Back-to-school shopping is in full swing, with over half of consumers already purchasing supplies for the upcoming school year. Forecasted spending is expected to reach $38.8 billion, prompting shoppers to be mindful of their budgets. Different age groups may have varying school supply needs, with college students requiring items like laptops, clothing, and shoes. Additionally, extracurricular activities and related costs are a significant consideration for parents, with the average cost per child for supplies, fees, and equipment coming in at $582 according to a Deloitte survey.

Cost-Saving Tips for Back-to-School Shopping

A recent poll of 1,200 U.S. parents revealed that the average planned spending per child on school supplies this year is $586. To help stretch your budget, here are some practical tips for back-to-school shopping:

Crayons, Glue Sticks, and Construction Paper

The FinanceBuzz website has compiled a list of the most expensive and cheapest stores offering school supplies for elementary, middle, and high school students. They calculated the total cost of 20 basic items and found that Walmart offers the most budget-friendly prices. On the other hand, Michaels was identified as having the most expensive school supplies. It’s essential to research and compare prices before making purchases.

Research Options and Discounts

Consumer Reports recommends taking the time to research options, including offers, discounts, and price comparisons. Asking teachers about immediate supply needs and taking advantage of student discounts can also help save money. Additionally, be on the lookout for sales tax holidays and consider shopping at wholesale clubs for bulk purchases. Don’t forget to monitor prices after shopping to take advantage of refunds or price adjustments.

Conclusion

With some careful planning and smart shopping strategies, you can make back-to-school shopping more budget-friendly. By researching prices, utilizing discounts, and being strategic about your purchases, you can save money while still getting everything your child needs for the upcoming school year.

By following these tips, you can make the back-to-school shopping experience more enjoyable and stress-free for both you and your children.