It's almost time for going back to school so it's time to budget and save some money during back-to-school season. Many schools have lists nowadays that they give out to parents that you have to go searching around for items and bring them into school for the year as your child's contribution. It doesn't hurt to save some money on that as well as clothes for your child any way you can.
Plan and Budget Ahead
The first thing you can do is make a list of essential school supplies and clothing items that you need, whether it is a pre-made list that the school has sent out or specific items you know that you need. Check to see what your child has outgrown from last year and what new items are necessary for this one. Then prioritize your purchases based on what your immediate needs and budget constraints are.
Set a Realistic Budget
Make sure you have a specific amount of money set aside for different categories (supplies, clothing, electronics). Also take into consideration additional expenses that you will be paying for throughout the year like extracurricular activities and transportation.
Take Advantage of Sales and Discounts
Search all your favorite brands and stores and look for their back-to-school sales events. There are tax-free weekends in different states so make sure to research these upcoming sales dates and promotions. Way the benefits of shopping early verses waiting for clearance sales to take place (prioritize when you will actually need your stuff). Coupons and promo codes are a great way to save money so collect and use them at stores online and in-person. Also use cashback and rebate offers to save even more.
Compare Prices
You can use price comparison tools and apps like PriceGrabber, Honey, or CamelCamelCamel to find the best deals. For clothing, consider shopping at discount stores, outlets, and thrift shops.
Buy in Bulk
If you know you will need a lot of an item throughout the year, buy commonly used items like notebooks and pens in bulk to save money. You can also split bulk purchases with friends or family to maximize your savings.
Reuse and Repurpose
Look at what you have from previous years and see what you can reuse for the upcoming one. For instance, if you have a backpack or lunchbox that is still working just fine there is no need to go out and get a new one. You can also repurpose clothing or accessories to fit current trends or your child's school requirements.
Use Student Discounts
Some places offer student discounts so it doesn't hurt to ask places like retailers, restaurants, and entertainment venues if you can save some money.
Comments