It’s that time of year again—back-to-school season. For many of us, this can be a stressful period as we try to balance our budgets while ensuring our kids have everything they need to succeed. Whether you’re a single mom, navigating a recent life change, or simply looking to stretch your dollars further, here are 8 back-to-school shopping tips to save on a budget the most bang for your buck without breaking the bank.
1. Start with a Plan
Before you hit the stores or start filling your online cart, take a moment to plan. Once you’ve gotten the supply list from your child’s teacher(s) check what you already have at home. You might be surprised at how many supplies like pencils, sharpeners and notebooks, are left over from last year. Once you’ve done that, make a list of the essentials that your kids actually need. This will help you avoid impulse buys and ensure that you’re only spending money on things they need.
2. Set a Budget and Stick to It
One of the most empowering steps you can take is to set a realistic budget for back-to-school shopping. Consider all the expenses, including supplies, clothes, shoes, and any other essentials. Once you have a budget in place, commit to it. This might mean making some tough choices, but it’s all about prioritizing what’s truly necessary.
A great strategy for sticking to your plan is to involve your kids in the budgeting process. Let them know how much money you can spend and encourage them to make choices within that limit. This not only helps them understand the value of money but also makes them part of the decision-making process. You could make a game of it by comparing the estimated cost to the actual prices and if your kids beat you, they can stay up later one weekend (or something else that would motivate them to play along).
3. Shop Smart: Timing is Everything
Timing your shopping can make a big difference in how much you spend. Take advantage of back-to-school sales, tax-free weekends, and clearance events. Sometimes waiting until after the school year starts can also save you money as stores often discount items further to clear out inventory.
Consider shopping throughout the year rather than all at once. For example, buy winter clothes when they’re on sale in the summer. This can help spread out expenses and reduce the financial strain that often comes with back-to-school season. If you decide to do this, don’t forget to add this category to your monthly budget so you don’t blow it trying to stock up.
For items that are used year-round, like notebooks, pencils, and paper, buying in bulk can save you a significant amount of money. Stores like Costco, Sam’s Club, or even Amazon offer bulk deals that can reduce the per-unit cost of supplies. Stock up now so you won’t have to worry about these essentials later in the year.
4. Embrace Thrifting and Secondhand Shopping
Don’t underestimate the power of thrift stores, consignment shops, and online marketplaces like eBay, Poshmark, or Facebook Marketplace. These places can be a goldmine for gently used clothing, backpacks, and even school supplies. You can often find brand-name items at a fraction of the cost.
Before going thrifting gather clothes, toys, and books that your kids have outgrown and donate them. This way they will be able to see the benefits of thrifting. Teaching your kids the value of thrifting is also a great lesson in sustainability and financial responsibility. Plus, it can be a fun way to hunt for unique finds together!
5. Use Cashback and Rewards Programs
If you’re shopping online, take advantage of cashback apps and rewards programs. Sites like Rakuten, Honey, Ibotta and RetailMeNot offer cashback deals and coupon codes that can save you money on your purchases. If you have a credit card that offers rewards, use it for back-to-school shopping and then pay it off immediately to avoid interest charges.
Every little bit of savings adds up, and these programs can provide you with some financial breathing room.
6. Avoid Impulse Buys
It’s easy to get caught up in the excitement of back-to-school shopping and end up buying things you don’t really need. Before making any purchase, ask yourself (or your child) if it’s truly necessary. Sit with your child and look at weekly sales for the stores you will be shopping in and create your list from the sales items.
Avoid the temptation of impulse purchases finding their way into your cart by shopping from the store’s app or website. Bonus points if you have your order delivered to your car instead of picking it up in the store. This will save the time of shopping in the store, and you don’t even have to leave the car. Doing this ensures that you stick to your list and removes the temptation to add the vase you didn’t know you needed to your cart.
7. Consider Quality Over Quantity
Sometimes spending a little more on a quality item can save you money in the long run. For example, a durable backpack may cost more upfront, but if it lasts for several years, it’s a better investment than a cheaper one that needs to be replaced annually. The same goes for shoes, jackets, and other items that are heavily used.
Maximize your back-to-school budget by comparing the prices of these more expensive items at multiple stores online before shopping. This method also gives you the added benefit of reducing the temptation to buy the first one you see.
8. Plan for the Future
Finally, keep in mind that back-to-school shopping doesn’t end once the school year begins. There will always be new needs that arise, whether it’s for a school project, sports gear, or winter clothing. Plan for these future expenses by setting aside a small amount each month to cover unexpected costs. This proactive approach can help you avoid financial stress later.
Conclusion
Back-to-school shopping doesn’t have to be a financial burden. With some careful planning, smart shopping strategies, and a little creativity, you can get everything your child needs without breaking the bank. Remember, Sis, it’s not just about spending less—it’s about making thoughtful choices that align with your financial goals and teaching your kids valuable money lessons along the way.
If you need more tips or personalized advice on managing your budget during this back-to-school season, schedule a free Discovery Session for guidance on your most pressing money question.