Preparations for the school year can be costly. Back to school shopping is always an added expense. In fact, according to The National Retail Federation, families plan to spend $630 on average for everything from electronics to apparel and basic supplies. And unlike Missouri, Iowa and Florida, Illinois does not offer a sales tax holiday.
Four Tips to Cut Costs
Keep back to school shopping costs in check. Here are four simple tips:
1) Shop at home and mark supplies off your list before you even leave the house. Look for barely used school supplies or hand-me downs.
2) Set a budget and stick to it. Estimate how much you can afford to spend and your likely costs. Check the supply list and don’t forget to factor in tax.
3) Shop a little at a time to spread out the cost. Look for weekly deals from retailers. If you wait to purchase at the right time, you can get everything on your list at a reduced cost.
4) Keep your receipts and pay attention to the store’s return/exchange policy. Don’t forget to claim any mail-in rebates you earn.
Shopping is a Learning Opportunity
Teach your child about budgeting and money management while back to school shopping.
Whether you want to keep your spending in check or save for your child’s education, Busey is happy to answer your financial questions. Give us a call today at 1.800.67Busey.