Saving on Back-to-School Shopping

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Nationally, 62% of parents plan to begin back-to-school shopping before August, according to the Deloitte survey. But the study also shows that planning ahead might not be the best strategy, as parents who begin shopping early tend to spend an average of $100 more than shoppers who get a later start.

So, how do you save money on buying much needed school supplies for your little ones? Take some time this summer to reassess your financial picture. It’s important to realize that shopping for the new school season doesn’t necessarily mean spending outside your means.

Tips:

Saving on Back-to-School Shopping
Check your house before you shop

Search around your home for supplies left over from last year. Sort through your children’s closets. There may be no need to hit the department store if your child can still fit into most of his or her clothes from the previous school year

Avoid impulse buys

Make a list of what you need for the new school year before hitting the shops. Explain to your kids the importance of sticking to the list and try to avoid purchasing items just because they’re considered trendy; they also might be more expensive

Focus on big-ticket item savings

You’ll save more money if you spend your time searching for the best deals on more expensive items, such as electronics

Don't purchase everything at once

Find out which items your child absolutely needs the first few weeks of school. Buy the rest later when there might be better deals. Also, you’ll save more if you buy fall clothing in October or November. That’s when stores will have sales to make way for winter wear

Check out unique locations

Consider buying pencils, markers, paper and glue at a dollar store. Check out thrift stores and garage sales for other supplies and clothing. If you have more than one child, try warehouse stores such as Smart and Final or Costco to stock up on items all your children will need

Follow stores on social media

Many stores will send followers coupon links and advanced notice of sales via social media. MoneyCrashers suggests following these Twitter accounts for back-to-school savings: Amazon @amazondeals, Coupons.com @coupons, Staples @staples, Office Max @OfficeMax, and Target @target.