Smart Ways to Go Back-to-School Shopping: 5 Tips to Save Money and Eliminate Stress

Financial well-being July 26, 2023 By First United Bank

As the summer days begin to wane, the excitement of a new school year dawns upon us. A new school year brings with it the need for new school clothes and supplies. Back-to-school shopping can be stressful and costly for parents of school-aged children. However, with a bit of planning and savvy strategies, you can save money and eliminate unnecessary stress. This blog post will share five valuable tips to help you make the most of your back-to-school shopping experience.

  1. Take Inventory and Make a List

    Before hitting the stores, take stock of the supplies you already have. Sort through last year's items, check what can be reused or repurposed, and make a list of what you truly need. A clear list will help prevent impulsive buying and ensure that only the essential items make it into the shopping cart.

  2. Set a Budget

    Establishing a budget is crucial to avoid overspending. The best shoppers determine how much they can afford to allocate for back-to-school shopping and they stick to their budget. Compare prices online and in-store, look for deals and discounts, and consider buying in bulk to save money in the long run.

  3. Shop during Sales Tax Holidays

    Many states offer sales tax holidays before the school year begins, typically exempting certain items like clothing, school supplies, and electronics from sales tax. Take advantage of these tax-free periods to maximize your savings. Plan your shopping accordingly, and research qualifying items for your state. Oklahoma’s tax-free weekend is August 4-6, 2023. Texas’ tax-free weekend is August 11-13, 2023.

  4. Research Online

    Check out sales online and compare prices to help make shopping trips more effective and affordable. Online shopping offers convenience and often provides better deals and a wider selection. Look for websites that specialize in back-to-school sales or consider purchasing from trusted online retailers. Use price comparison tools and promo codes to get the best deals. Remember to factor in shipping costs and delivery times when comparing prices. Sometimes it is more economical to buy from a local retailer.

  5. Embrace Secondhand and Thrift Shopping

    Consider exploring thrift stores, consignment shops, and online marketplaces for gently used school items such as clothing, backpacks, and textbooks. Many items are in excellent condition and available at a fraction of the original cost. Thrift shopping not only saves money but also promotes sustainability by reducing waste.

Back-to-school shopping doesn't have to be a stressful and expensive affair. By taking inventory, setting a budget, shopping strategically during sales tax holidays, exploring online options, and embracing secondhand shopping, you can save money and eliminate unnecessary stress. Remember, the goal is to equip your children for success without breaking the bank. So, approach your back-to-school shopping with these smart strategies and start the academic year off on the right foot.

By First United Bank