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Every year it seems that most parents dread back to school shopping. Why? Money! I have heard of occasions when back to school shopping totaled a whopping $1,000! Talk about excessive. On average it is reported that Americans spend around $500 on their children's school supply lists, which is still quite a lot. Between the supply lists, clothes, and other special needs, the total quickly adds up and the stress begins. School supplies can obviously end up being pretty expensive. You don't have to break the bank however. Here are a few tips to help you save money this coming back to school season.
Reuse old supplies. Find any supplies you have at home first. This means things from your home office and supplies that can be used from the previous school year. You can find pencils, notebooks with only a few pages used, half full glue bottles, and slightly worn scissors or pencil boxes with lots of life left. Cross any of these items off your shopping list. One of the biggest contributors to back to school expenses is the need to have all new stuff for the new year. All of those school supplies don't have to be brand new. Reusing old supplies can save you a lot of money.
Make a list and stick to it. Make a school supply shopping list that has everything your child needs for this coming school year. Find out what your child needs for school versus what he or she wants. They don't need expensive shoes, clothes, lunchboxes or backpacks, though they may want those items. Get the children involved with making the list. Remember to be specific also. If your child needs a 24 count box of crayons, don't get to the store and buy a 100 count box. As a compromise, allow for one or two fun deviations from the list. You could also have the children use their own money to pay for school supplies they really want.
Hunt for coupons. Don't just throw those circulars out like you normally would. There are a lot of store that put out some school supply coupons that could save you big bucks. You could even get your children involved in this money saving tip. Get some safety scissors out and have the kids cut out any coupons they see for school supplies.
Start shopping early. Check out your newspaper ads early in the summer. Start in late June or early July. Early summer will be the time to find the best bargain prices, sometimes as low as a penny per item. You will also be able to find a better selection when it comes to things like color choice and quality.
Shop around for school supplies. Usually a store will put one item on sale, with most of the other supplies priced the same or only slightly lower than normal. These stores want to draw you in by that big sale item in the hopes that you will but everything else there. It's always best to shop around, whether you're buying school supplies, food, or clothes. The exception here would be if you find a store that will match competitor prices.
Take a trip to the dollar store. You can save a lot of money on school supplies at your local dollar store. You can find the same name brands from larger retailers on sale for only one dollar or less at these stores. You may not find everything you need, but a lot of times the deals you do find can't be beat.
Plan your school supply shopping trips. Shopping around for school supplies can cost you if don't plan your trips purposefully. Make supply purchases at places where you can get other errands done either on the way or at the same store. Don't waste your time and gas to save a few cents on a pack of paper or pencils.
Get creative with school supplies. Instead of buying a brand new plastic or fabric textbook cover, use some gift wrap, newspaper, or brown grocery bags. Have your children decorate these different book covers with drawings or stickers to make them look a bit more attractive. You could also make fabric book covers, along with other school supplies like pencil cases or book bags. Instead of buying a new book bag because your child wants something different, add some decorations or fun trims to the old one. Buying a few craft supplies ends up being a lot cheaper than buying brand new school supplies.
Don't buy everything at once. Guess what? Your child really doesn't need a whole new wardrobe at the start of a new school year. This is something we continue to do every fall simply because buying back to school clothes is a tradition. You don't need to buy your children a year's worth of clothing the week before school. Instead, buy a couple of outfits and save the rest for later. There are a lot of good buys just before school begins, but when you are charging them to a high interest credit card that “good buy” gets cancelled out with aggravating finance charges. Spread your school supply shopping over a longer period of time. Take advantage of those later seasonal sales and also give your child some time to see what styles they want or like this year.
Buy in bulk. There are always supplies that children seem to lose or run out of throughout the school year. Items like pencils, paper, crayons, and glue are a few of these supplies. You can find these supplies in bulk a lot of times however, which in the long run saves you some money. Go with some family, friends or classmates and buy basic school supplies in bulk also. This is a great way to save some major money if you don't have a lot of storage room. And if you find a really great deal (i.e. items for pennies), buy in bundles and stock up. When your child needs those supplies again you won't have to waste your time, money or gas by running out to buy new ones.
Think about buying and using pre-owned items. Start checking out eBay, Craig's List, garage and church sales, or your local consignment stores for previously owned school supplies. You can sometimes find “like new” back to school items for extremely low prices, including high fashion shoes, clothes and backpacks. Just because it was previously owned by someone else doesn't mean that the item is worn out. The previous owner simply didn't need or want that item any longer. You can sometimes find brand new items for ridiculously low prices at the places mentioned above.
Make a little money by selling your old school clothing and supplies. If you need a little extra money for back to school shopping, why not sell old school supplies you can no longer use? This includes clothes or shoes that no longer fit but are still in good condition, along with unused notebooks or binders that aren't needed for the coming school year. You may not make much money, but every little bit helps.
Use cash instead of credit. You will be more likely to stick to your budget if you leave your credit cards and checkbook at home. Studies have shown that people tend to overspend when they use credit cards versus cash. When you're forced to stick to your cash budget you are more aware of what you're buying when loading up that cart with higher priced items that you don't need.
Hopefully now you have some idea on how to cut down that school supply bill. It is something you are going to have to deal with every school year. What is most important is that you know how to deal with this sometimes stressful situation. Don't spend your money if you don't have to, and take the neccessary steps to stay in your budget.
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