Back to school on a budget

A June 2022 survey reports that 25 percent of students and their parents are already on the hunt for books, backpacks and other items.¹ The average amount each household plans to spend on these items is a whopping $864.35.²

So it’s no surprise that this school year parents plan to do more comparative online shopping (43%), shop sales more frequently (42%), buy more generic products (35%), and use coupons more often (24%).¹

We’re here to offer some ideas on how to stretch that budget.

Stick with the basics

Take inventory of what your child already has from last year — and can reuse — to avoid doubling up on any items. Then create a list (and set a realistic budget) before you head to the store or shop online. The school typically will send a list of items needed in the classroom.

 

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