By Cameron Huddleston
Use these strategies to cut the cost of clothing, electronics and school supplies
Parents of school-age children: Get ready to feel the pinch on your pocketbook. If last year was any indication of what to expect this year, you’re likely to shell out hundreds of dollars over the next few weeks to get your kids ready to head back to school. Families with children in kindergarten through 12th grade spent more than $600, on average, in 2013 on back-to-school purchases, according to the National Retail Federation. That’s a big price tag for clothing, electronics, pencils, paper and other supplies.
However, preparing your kids for the classroom doesn’t have to take such a big bite out of your budget. By following these ten strategies, you can keep back-to-school shopping costs under control.
1. Shop your home first. Take inventory of your drawers, cabinets and closets so you know what you already have before shopping, says Regina Novickis, a savings expert at PromotionalCodes.com. YouÂ¹ll likely find that you already have several items such as notebooks and pencils that you purchased but your kids never used or are still in good condition. Also, have your kids try on the clothing they already have to see what still fits. You might find that they haven’t grown enough to justify the purchase of new apparel or shoes.
2. E-mail a teacher. If your child’s school doesn’t provide a shopping list, ask your childÂ¹s teacher what supplies are absolutely needed when classes start. (Check the school’s Web site for teachers’ e-mail addresses.) This will help you avoid wasting money on school supplies your child doesn’t need, Novickis says. Even if your child’s school provides a standard supply list, many teachers often have their own (sometimes much shorter) lists.
3. Set a budget. Once you know what you already have, then you can make of list of what you need to buy. This will help you figure out how much you should expect to spend so you can establish abudget. If you set a cap before you shop, it will keep you from buying impulsively and overspending, says Jon Lal, founder and CEO of BeFrugal.com.
4. Know when to shop. For the back-to-school items you need that are specific in brand or model, shop as early as possible to avoid the risk of stores running out, Lal says. For more generic items such as school supplies, prices will drop closer to the start of school, so wait until then for steeper discounts if you can, he says. Summer clothing already is deeply discounted – 50% to 80% off, says Mark LoCastro, a savings expert for DealNews.com. Select retailers, such as Levi’s and Lucky Brand, will have sales on jeans in mid-July to mid-August. You might see some sales on fall clothing over Labor Day weekend, but the better deals will appear later (when it’s actually cool enough to wear fall apparel). August is one of the best months of the year to find deals on laptops, LoCastro says. And 15 states have sales-tax holidays during the month, which can help make purchasing a laptop and other school supplies more affordable. See our guide to sales-tax holidays.
5. Know where to shop. It may seem convenient to get all your shopping done in one place, but hitting different sales will save money in the long run, says Offers.com Vice President Howard Schaffer. For example, the best deals on folders and notebooks are at office supply stores, which offer these items for 15 cents to 30 cents during back-to-school promotions, Novickis says. You’ll also find good sales on school supplies at big-box retailers, such as Target and Walmart. You’ll likely get better deals on clothing by shopping online because retailers typically offer coupon codes on their sites that can be used to score even bigger discounts on sale items, LoCastro says. You also can find coupon codes at sites such as Coupons.com, PromotionalCodes.com and RetailMeNot.com.
6. Look for multiple ways to save. If you’re shopping at a sale in a brick-and-mortar store, use a coupon app such as the apps from Coupon Sherpa or RetailMeNot to see if retailers have any coupons you can upload on your phone and present at the register. You can use a comparison-shopping app such as RedLaser to scan the barcodes of products in stores to see if other retailers are offering those items at lower prices. You also can use discounted gift cards from sites such as Cardpool and Gift Card Granny that sell cards for less than face value to score instant savings. When shopping online, Lal recommends using a cash-back site that lets you earn back a percentage of the money you spend on qualifying purchases (see Get the Most Out of Cash-Back Shopping Sites).
7. Follow your favorite retailers on Facebook and Twitter and sign up for their e-mail alerts for exclusive deals, coupons and sale notifications, LoCastro says.
8. Take advantage of student discounts. Retailers such as Apple, Microsoft and Dell offer student-only pricing on laptops and often attach a free gift card to the purchase for printers, e-books or apps, Novickis says.
9. Buy used or rent. Textbooks are cheaper used (and even cheaper when you rent them). Consider buying items such as computers refurbished rather than new. Refurbished tech items, which are used but restored to like-new condition and often have a one-year warranty, can cost half as much as the original price. Among the sites where you can find refurbished computers, tablets and other products are Apple.com, BestBuy.com, Dell.com, Newegg.com, TigerDirect.com and Walmart.com.
10. Swap. Novickis recommends reaching out to other parents you know to see if they have clothing or other items their kids have outgrown that they’re willing to give to you or sell for a low price. Although the clothing has been used, it still will be “new” to your kids.