As we approach the middle of August it is painfully obvious that summer is almost over and school is just around the corner. While many parents are excited about the yearly return, they notice that their bank accounts are being called upon for all of the necessities.
Here are 5 tips to save big this time of year:
1.) Take an inventory of last year’s tools. If there are pens, pencils, etc. That are still in good working order they can still be used this year. Don’t forget to check the closet – there may be clothes that still fit from last year too so you won’t have to replace those jeans with the exact same pair.
2.) To help teach your child about the importance of budgeting – make a “grocery list” of sorts. What does your child think they will need this year? Then ask them how much they think it will cost for each item and give them an amount they can spend. Maybe they don’t need that nifty protractor right away and can wait a couple of months.
3.) A lot of stores are advertising items on sale right now. Make sure to check your flyers weekly and see what’s on sale and stock up now! Don’t forget the beauty of a Dollar Store. Many times you can get 8 pens for only $1!
4.) You don’t need to buy their entire school wardrobe for the first day of school. Last time I checked, they won’t layer it all on the first day anyway (it might get a little warm). Buy some clothes now, then watch for sales in the next coming months (especially sales after the initial Back-To-School Rush) This can also be true for pens and pencils. They don’t have to go to school on Day 1 with 8 pens, 8 pencils and 5 erasers. More often than not the more pencils they have the more that could get lost – then that is money wasted.
5.) Don’t be afraid to say “No” to keep your child on budget. It’s ok to spend $20 on a Hooded sweatshirt instead of $50. Go over the budget with your child again and stick to it! Not only will it help your money go a long way it’s a great way to get your child on the road of saving and budgeting (and it also gets their brain functioning again with some basic math homework)
Back to School shopping is the second busiest time next to Christmas. So be careful, be realistic and keep your budget in mind!
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