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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