Back-to-school season is here, and while the excitement builds, so can the expenses. From backpacks to notebooks, the costs can add up quickly. With a few smart strategies, you can keep your spending in check and still get everything you need.
1. Shop Secondhand First
Traditional retail stores aren’t the only options when it comes to school shopping. Local thrift shops often carry everything from gently used clothes and shoes to school supplies. Community resale events, especially ones hosted by schools, can offer great finds from families whose kids have outgrown their items. You can also check online marketplaces and social media to find good deals for a wide variety of back-to-school items.
2. Use Discounts Strategically
It’s easy to get swept up in the rush of grabbing everything at once, but don’t fall for the trap of urgency. Back-to-School sales come out in waves throughout the summer, so timing is key. Many retailers offer special discounts for students or teachers, so make sure to check out the deals that are available to you. A quick search can lead to big savings. Plan out your shopping trips so you can make the most of these special discounts. Sometimes, the best deals come when you least expect it. Give yourself time to compare all your options before buying too fast.
3. Budget Before You Buy
Before you start shopping, set some time aside and plan out your budget. You don’t need fancy spreadsheets, just start by simply dividing your needs into categories like apparel, school supplies, and extras. Determine your total budget, then estimate how much you need to spend in each category. This helps you prioritize needs over wants and avoid impulse purchases. This is also a perfect opportunity to talk about smart money management with younger students. Including them in the budget process not only teaches them responsibility but can make the experience more interactive and helps instill smart financial habits early.
If you need extra support, Royal’s free financial education platform, Enrich, gives you access to budgeting tools and a variety of resources that can make it easier to stay on track.
Back-to-school season doesn’t have to break the bank. By shopping secondhand, using discounts wisely, and sticking to a simple budget, you can save big and start the school year off strong.
