According to the National Retail Federation, US households will spend an average of $864 this year on back-to-school shopping for a total of $36.9 billion. That little bundle of joy who stole your heart the day you first met has now turned into a human vacuum for your hard-earned dollars. Not to worry though, there are several actions you can take to help lower your cost.
Perform a supply inventory – Check your closets, desk drawers, and bins in the basement to see if you can find hidden back-to-school treasures. Put everything in one location to determine what you have and then create a list of what you need. Compare prices online to find the best deals.
Swap supplies – If you have excess paper and your neighbor/friend has excess pencils, pens, or erasers, trade. Bartering is a good way to get what you need without any money exchanging hands.
Shop at garage sales – If you like to stretch a dollar, garage sales can be a good place to find backpacks, gently used shoes, or clothing. Remember, the term used is basically like saying something is new for the second time. Don’t forget to pay a visit to your local thrift stores to find new clothes. Put them away until school starts so they can feel brand new to your kids.
Google kids consignment stores near me – This simple online search may reveal more locations and savings opportunities than you ever thought existed.
Shop and get cash back with Rakuten – This service is free plus you can earn anywhere from 1% to 3% cash back.
Shop during the sales tax holiday – Remember that $864 that will be spent per household, click here to see a list of sales tax holidays by state.
Buy one new outfit for the first day – After the back-to-school shopping frenzy dies down, prices typically decrease in September. Consider buying one first day of school outfit so your child doesn’t feel left out and then buy more in a month.
Visit churches and community centers – These local organizations usually host FREE giveaways for back-to-school.
If you follow these tips, you will not break the bank. In preparation for next year, consider creating a back-to-school savings account now. Putting a little from each paycheck away will ease the burden next year. You’ve been warned!
