12 ways to save on back-to-school shopping
A family can expect to pay more than $600 buying supplies and clothes to get ready for the new school year. Here's how to get what you need without paying more than you have to.
Last year, back-to-school shopping hit a record average $689 for families with school-age kids for items like clothing, school supplies and electronics. This year the cost won’t be nearly as high -- $635 per family, the National Retail Federation predicts.
“The good news is that consumers are spending, but they are doing so with cost and practicality in mind. Having splurged on their growing children’s needs last year, parents will ask their kids to reuse what they can for the upcoming school season,” NRF president and CEO Matthew Shay said in a press release about BIGinsight’s survey results.
That’s still a lot of money per family -- “well above where (spending levels) were a few years ago,” the NRF says -- but there are ways to significantly reduce those costs. Money Talks News founder Stacy Johnson offers tactics for saving money on school supplies, clothes and gadgets for your kids in the video below. Check it out, and read on for more ways to save.
1. Start at home
Make a list of everything you’ll need -- starting with the list of supplies your school requires -- and check around your house before you buy any new supplies. You probably have pens, highlighters, pencils and a few other supplies left over from last year. Mark what you have off the list.
2. Stick to the list
Once you’re in the back-to-school section, your kids will want multicolored pens, funny-shaped erasers, and every folder they see with a superhero printed on the front. Resist the urge to splurge and stick to your list.
The same goes for you. Resist the urge to buy something now because your kids might need it later. If they do end up needing a second set of markers, you can always buy them later.
3. Shop thrift
Nothing says you have to buy school supplies at a big-box store. Thrift stores, secondhand shops, and even garage sales can be a great source of cheap school supplies as well as backpacks, shoes and clothes for your kids.
4. Check for freebies
Programs like The Resource Depot collect and give away extra school supplies. It helps the environment by keeping usable goods out of the landfill, and you’ll get freebies. Check your local newspaper or town hall website to see if a program like that exists in your area.
5. Comparison shop online
Check prices online before you buy anything in the store. Apps like Price Comparison Shopping and ShopSavvy make it easy. Just open the app, scan the barcode of whatever you’re thinking of buying, and you’ll automatically see available online prices.
And don’t forget to check retailers’ websites. Many big retailers offer online-only specials.
6. Look for coupons
Search for coupons and promo codes before you buy anything online or in-store. You can find coupons in your newspaper or via apps and online sources. We’ll give you some examples.
These smartphone apps find coupons:
Taking advantage of your state’s sales tax holiday for back-to-school shopping can save a lot of money, especially on bigger-ticket items like clothes and computers. For example, at the sales tax rate of 9% where I live, you’d save $18 on $200 worth of clothes for your kids.
Not sure if your state participates? Check the 2013 State Sales Tax Holidays list.
8. Buy in bulk
You can save money buying in bulk at Sam’s Club or Costco, especially if you split the cost with another parent. Compare shopping lists, see what you both need, buy in bulk, and split the cost.
9. Wait until the last minute
Every summer, retailers stock up on brightly colored binders, organizational tools for lockers, and “LOLZ” stickers. Then, rather than get stuck with the leftovers after the school season starts, they put their back-to-school items on clearance.
10. Shop sales
Never go shopping without checking the weekly circulars -- including those for drugstores or overstock stores like Big Lots. If retailers sell arts and crafts or office supplies, they’ll carry school supplies too and you can find great deals on sale.
11. Swap with friends
If you have extra supplies at home, set up a swapping party with friends. Tell everyone to bring their extra school supplies, clothes their kids outgrew, or unused backpacks and sporting equipment. Lay everything out and see what you can trade.
12. Stick to the basics
Despite what your kids might think, you really don’t need the glitter-dipped pencils, designer spiral notebooks, or neon erasers. You’ll save a ton of money if you buy plain, generic school supplies. Sure, your kids won’t be thrilled in the store, but when the fancy stuff is out of sight, they won’t care anymore.
More from Money Talks News:
- 6 tricks to save money on back-to-school shopping
- Where do sales tax holidays go beyond school supplies?
- Guns, appliances and school supplies: 2013 sales tax holidays
|Tags:||childrenclothescollegediscounteducationfamilyMoneyTalks Newsraising childrensave moneyspendingStacy Johnson|
No matter what's happened this week, be sure not to adjust your priorities, especially those
concerning spending. If you planned to buy school supplies and clothes, etc. for $600 up,
by all means do so. Just because Detroit went bankrupt doesn't mean it's the end of the
world for expert financial managers. Planned to buy a home this month? Again, don't
change focus just because of this month's global activity. After all, your paycheck is the
same as it was on the first, so nothing much could have changed that would put a hold
on your behavior.
Just because an inside view of some say unemployment may be 11% and not 8% shouldn't
affect your behavior, right? An average lower-to-middle class Chinese family is now paying
cash for their residences, but don't let that disturb your ideas about the future of cash flows.
Etc. So, what will change your attitude about spending? Can't live on $7.25 an hour and
believe a minimum wage of about $12 is in the offing, but those kids need $600 spent for school
(absolutely necessary) no matter how much parents earn, no matter how much is in a savings
account, no matter how much is in a 529 college fund.
Decide 'no' to 'upward mobility' and hold onto that income even if life is becoming uncomfortable.
Everybody eat more greens, drink more water, do more exercise and study harder. Forget the efficiencies of convenience spending, slow down on spending and convenience.
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