It’s that time when summer vacation gives way to discussions about the coming school year, including back-to-school shopping. This year, we’ve put together five tips to help you save money as you prepare for their first day back in the classroom.
- Shop Around/Compare Prices: Whether your school sends out a list of items to buy or not, there’s no sense in paying full price for paper, pencils, pens, and more. Instead, watch for school-year sales at your favorite online and in-person stores.
- Consider Generic Brands: Retailers such as Walmart and Target have their own brands of back-to-school supplies that are just as good as the name-brand options. Sometimes, those generic options cost a lot less. Generic items to consider include paper, pencils, pens, notebooks, and three-ring binders.
- Buy Used/Reconditioned: Instead of paying full price for a new laptop, save a lot of money by choosing a reconditioned model. Other electronics that are just as good second-hand include graphing calculators, tablets, and some smartphones.
- Wait to Buy New Clothes: Having a new wardrobe for the start of the school year is fun but not entirely budget friendly. Especially if an outfit never gets worn because it’s already out of style. Instead of buying clothes before the school year starts, wait a month. That way your child will know what is really in style at their school and you’ll have time to find a money-saving sale.
- Watch for Tax-Free Weekends: Many states offer tax-free weekends to help families save on their back-to-school shopping. While not every purchase is tax-free, electronics and larger purchases are often part of the weekend. Find your state and possible savings here.
Boost Your Financial Wellness
More Financial Wellness Matters blogs on topics ranging from financial self-care to protecting your financial health are coming soon. Twice a month, we’ll dig a bit deeper into the relationship between financial health and overall well-being, shedding light on the behaviors and beliefs that drive money relationships. With simple tips and proven insights, we hope to enhance your financial well-being and help you live a healthier, happier life.