As the new school year approaches, parents are gearing up for back-to-school shopping. With the rising costs associated with school supplies and technology, it’s essential to find ways to save money without compromising on quality. Rob Phelan, a high school personal finance teacher, has shared some valuable tips to help parents navigate the back-to-school shopping season without overspending.
One key tip is to consider renting high-ticket items like graphing calculators and laptops instead of buying them outright. Many schools offer rental programs that can save you money and eliminate the need to purchase expensive technology that may become outdated in a few years.
Another money-saving strategy is to tap into your community for gently used items. Reach out to friends, neighbors, or family members with older children who may have textbooks, calculators, or backpacks that can be repurposed. Social media groups can also be a great way to find free or discounted school supplies.
Timing your purchases wisely can also lead to significant savings. Many states offer tax-free shopping periods during the back-to-school season, which, when combined with store discounts, can add up to substantial savings. Start looking for deals as soon as you receive your child’s school supply list to take advantage of early bird discounts.
Scrutinizing the supply list is another important step in saving money. By identifying your child’s essential supplies for the first week of school, you can determine what items are truly necessary and what can be skipped. Some items, like scissors, rulers, and markers, may be provided by teachers, so it’s worth checking with them before making unnecessary purchases.
Exploring school and community resources can also help alleviate the financial burden of back-to-school shopping. Many schools and organizations offer support programs that provide essential school supplies at no cost. Fee waiver programs for sports, field trips, and clubs are also available to help families facing financial challenges.
In addition to rising costs, parents should also be mindful of online safety concerns during the back-to-school season. Sharing personal information like a child’s name, age, grade, school, or future career on social media can pose a serious security risk. It’s important to protect children’s privacy online by avoiding oversharing and being mindful of the information shared in back-to-school photos.
As parents prepare for the upcoming school year, it’s crucial to find ways to save money on school supplies while also prioritizing online safety. By following these money-saving tips and being mindful of online privacy, parents can ensure a smooth transition back to school without breaking the bank or compromising their child’s safety.