Back-to-school season is exciting, but it can also be expensive. Between notebooks, backpacks and art supplies, costs can add up quickly.
The good news is that with a little planning and smart shopping, you can save money on school supplies while still making sure your students have everything they need for a successful year.
If you’re going to use a credit card for school supply shopping, don’t get stuck paying a high interest rate. Save money with a low-rate credit card that’s perfect for everyday purchases like school supplies.
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Start with a supply inventory
Before heading to the store, take a look at what you already have at home. Many families buy duplicate items simply because they forget what’s tucked away in storage. Make sure to check for the following items to reduce the size of your shopping list:
- Unused notebooks from previous years
- Pens, pencils and markers in good condition
- Binders and folders that can be reused
- Rulers, scissors and calculators
- Backpacks and lunch boxes
Make a list and set a budget
It’s easy to overspend when you start shopping without a plan. Start by reviewing the school’s required supply list and creating a budget before you shop. Having a budget helps you stay focused and prevents unnecessary spending.
- Separate “must-have” items from “nice-to-have” items.
- Set a spending limit for each category.
- Use a budgeting app or your phone’s calculator while shopping.
- Avoid impulse purchases that aren’t on your list.
Did you know that you can create savings goals and stick to your budget better using tools available in online + mobile banking?
Shop sales and compare prices
Many retailers offer back-to-school promotions throughout the summer. Taking time to compare prices can lead to meaningful savings. Even small savings on multiple items can add up quickly.
- Check weekly store ads.
- Compare prices online and in stores.
- Use retailer apps for digital coupons.
- Look for price-match guarantees.
- Shop during tax-free weekends if and when they’re available.
Buy in bulk when it makes sense
Certain school supplies are often cheaper when you purchase them in larger quantities. If you have multiple children or can share with friends and family, bulk buying can help lower costs. However, avoid buying larger quantities of items that may not get used before the school year ends.
- Pens
- Pencils
- Loose-leaf paper
- Tissues
- Glue sticks
- Index cards
Choose store brands
Name-brand supplies can be appealing, but store-brand alternatives often perform just as well. Unless a teacher specifically requests a certain brand, choosing generic options can help stretch your budget.
- Notebooks
- Folders
- Binders
- Crayons
- Markers
- Writing paper
Team up with other families
Buying supplies with other families can help everyone save money. Group purchases often allow you to take advantages of bulk discounts and special promotions. Consider pooling together with other families on the following items:
- Art supplies
- Classroom tissues
- Cleaning wipes
- Printer paper
- Writing utensils
