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Money-Saving Back to School Shopping Tips

Back to school shopping is the second largest annual consumer event, just behind the holiday shopping season. Budgeting for back to school shopping can be an overwhelming task; thinking about this, for the next few days we will be posting tips that will help you soften the dent in your wallet.

1. Take inventory – Go through your kid’s clothes to see what you can salvage from last year, then, have him try on each piece of clothing and whatever fits goes on your inventory sheet. At the end you will have the quantity you have and how many you need to get.

2. Host a clothing swap – Another way to achieve back-to-school savings is by holding a swap party to exchange kids’ clothing. Decide who to invite based on the ages, sizes and gender of their children. Remind your guests that the clothing needs to be clean, stain-free and with no rips or tears.

3. Make a list and prioritize it – Use your clothing inventory as a start to create the shopping list. Determine your child’s immediate needs. Plan to spend on those items first, and budget for the rest later in the year. Use your list as a checklist while shopping. You don’t want to wander into a department store without a saving strategy.

4. Set a budget and stick to it – Consider which items are non-negotiable like the class list of required supplies, past spending is a good starting point, by seeing what you spent in the past, you can challenge yourself to find better bargains this year.

5. Take advantage of the fall sales – In preparation for new holiday merchandise, stores start to mark down back-to-school items as early as late September.

6. Shop online – Not only will you be able to efficiently compare prices, but you are more likely to stick to your shopping list. It’s too easy to indulge in impulse buying in the stores. Be sure to check for online coupons before you click the “Checkout” button.

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7. Leave the kids at home – I know it’s tempting to bring your child back to school shopping, but it’s easy to get sidetracked by all the pretty, shiny things lining the back to school shelves, so leave them home and stick to your budget.

8. Get crafty- literally – Character-branded back to school items cost as much as 30 percent more than generic brands. To save big time on branded school supplies, decorate their notebooks and pencil boxes with images found online or cut out of magazines.

9. Shop your junk drawers – It’s likely your junk drawers are full of common back to school items like highlighters, pencils, pens, calculators, and notebook paper. The savings you will see from shopping your own home are significant and having a better organized drawer is a reward in itself.

10. Look for stores that offer a student discount – This strategy is particularly useful with big ticket items like electronics and computers. Once your child has obtained their student ID you can take advantage of student discounts from retailers.

11. Buy in quantities – Buying in bulk can be a fantastic money move and time-saving.  Certain school supplies get burned through at a ridiculous rate over the course of the school year. It might not seem like a savings, but you’ll have cheaper supplies on hand for several months if you buy in quantity.

Find other greater goal setting financial tips on our web site, www.accesseducation.org
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