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How to Pinch Pennies While Sending the Kids Back to School

It’s that time of year again. Summer is coming to an end and you’re preparing for your annual back-to-school shopping. We’re here to help you find ways to keep your sanity and save a few bucks this fall.

1. Timing: Timing is everything when it comes to saving money. Instead of getting your supplies or clothes as soon as they hit the racks or in August, try to wait until later in the season when markdowns are more likely. If you can wait until after school officially starts – at least on those major purchases like clothing or shoes, you’ll find big savings at the store.

2. Resourcefulness: Before you rush off to the store or spend hours in traffic trying to get there, search your home for office supplies that can be recycled for the upcoming year. From pens to binders, you’ll be sure to find items that will help reduce new purchases.

3. List Making: Whether you’re going grocery shopping or school supply shopping, it is always imperative to make a list. Making a list will prevent you from spending more money on things that weren’t originally on your list. Also, ask your child’s teacher or school for a list of supplies so that you don’t overbuy. List making will also help you determine if you can buy items in bulk that more than one of your children may need. For example, why buy a five-pack of pencils when you know you can split a 20-pack of pencils between them and save on that purchase?

4. Bargain Shopping: Get more for less when you shop at discount or bulk retailers. For certain items, quality will be the same regardless of where you make the purchase so do your homework on prices. You’ll also want to rely on coupons and online deals when it comes to clothing, supplies and computers. Search for coupons and specials beginning in August and don’t be afraid to ask a retailer to match competitors’ prices.

 

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