Back-to-School Shopping Trends and Costs
As the back-to-school season kicks off, many consumers are already purchasing supplies for the upcoming school year. According to a survey from the National Retail Federation, spending on back-to-school items is expected to reach $38.8 billion this year. This includes a wide range of supplies, from basic essentials to college shopping items like laptops, clothing, and shoes.
Along with school supplies, parents are also budgeting for extracurricular activities, with 86% of them signing up their children for activities ahead of the fall semester. On average, the total cost of supplies, fees, and equipment per child is estimated to be $582, according to a Deloitte survey.
Cost-Saving Tips for Back-to-School Shopping
With parents planning to spend an average of $586 per child on school supplies, it’s important to find ways to save on back-to-school shopping. Here are some tips to help you stay within budget:
1. Comparing Prices at Different Retailers
One effective way to save money is by comparing prices at different stores. Websites like FinanceBuzz have compiled lists of the most expensive and cheapest stores for school supplies, making it easy for parents to find the best deals. By shopping at stores with lower prices, you can significantly reduce your overall expenses.
2. Researching Discounts and Offers
Take the time to research discounts, special offers, and price comparisons before making your purchases. Many retailers and brands offer student discounts, promotions on technology, clothing, and dorm supplies, as well as deals on phone plans and online subscriptions. By taking advantage of these discounts, you can save a considerable amount of money.
3. Timing Your Purchases
Consider timing your purchases strategically to maximize your savings. Ask teachers which supplies are needed immediately and which can be purchased later when they go on sale. You can also take advantage of sales tax holidays in some states or shop at wholesale clubs for bulk discounts on supplies. Additionally, keep an eye out for sales after you’ve made your purchases – some retailers allow for price adjustments or refunds if an item goes on sale shortly after your purchase.
By following these cost-saving tips and being mindful of your back-to-school shopping budget, you can ensure a smooth and affordable start to the school year for your family.
