Back to School on a Budget
Saving Money in Lean Times
According to the International Council of Shopping Centers, back-to-school sales are expected to hit $38.3 billion in 2009. That's up .6% from 2008. Even with a higher sales projection, parents will be looking for bargains.
Back to School Clothes
Many parents think it's necessary to buy their children a new wardrobe before school even starts. But that's not realistic when funds are low. To begin the school year, buy only a few of the basics like jeans and t-shirts. Purchase other items as needed and keep an eye out for sales.
Those living in warm climates can take advantage of the end of the summer clearance sales. Warm weather clothing can be picked up for big discounts and can be worn at least the first two months of the school year. Before heading off to the store, make sure to know the school's dress code. Those spaghetti-strapped tops may look cute, but chances are they aren't appropriate.
Save on School Supplies
Pencils, paper, and notebooks are on everyone's list for back-to-school supplies. But add to that tissue, hand sanitizer, and computer paper and the list grows more expensive. To keep the final cost low, watch for the big sales.
Stores like Staples, Office Depot, Kmart, Walmart, and Target tend to put their supplies on sale a week or two before school starts. In some locations, crayons can be purchased for 25 cents, while notebook paper can be bought for a dime a pack. Watch the circulars in the newspaper to cash in on the deals. Purchase as many as possible to stock up. Remember, supplies start running low in December and there are no sales on supplies then.
Backpacks for Back to School
One of the necessities for school is the backpack. Children in early grades don't have to use the larger, more expensive bags because they don't have to carry as much. Students in middle and high school need sturdier backpacks, but average prices are about $35.
If a backpack from the previous year is still in good shape, consider using it again. Students could start a backpack swap and exchange with their friends. Just make sure the backpacks are used correctly. Another option is to look for sales at department stores and office supply stores.
Other Tips for Back to School Savings
Planning is key to saving money on back-to-school shopping. Parents should follow a few more guidelines to prevent overpaying.
- Make an itemized list ahead of time. Include a set budget and distinguish between needs and wants.
- Take inventory of what is already in the closet. If there is a white shirt, don't buy another one.
- Have children help with the expenses. If they want something special, have them contribute to the cost.
- Don't get all the shopping done in one day. Don't worry about finishing it quickly. Break the shopping into separate outings and eliminate stress and overpaying.
Saving money is a key concern of parents, especially when it's time for kids to go back to school. By planning ahead and doing the homework, parents will find back-to-school shopping does not have to break the bank.
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