Rising Costs Challenge Back-to-School Shopping, Expert Offers Strategies for Savings
As the back-to-school season approaches, families are grappling with heightened prices for essential supplies, leading to an average expenditure of approximately 0 per child. This substantial financial burden can leave many parents feeling overwhelmed as they prepare for the upcoming academic year.
In recent years, the surge in school supply costs has been attributed to inflationary pressures and the rising price of goods, according to Dewitt & Dunn Financial Services. With school supply lists in hand—often filled with necessary items from backpacks to writing implements—many parents face unexpected financial strain. “The impact of inflation is very real for families, especially during this time of year when they are planning for their children’s academic needs,” states Cathy Dewitt Dunn, the president and CEO of Dewitt & Dunn Financial Services.
However, savvy shopping strategies and proactive planning can significantly alleviate these costs. Dunn recommends taking advantage of online retailers like Amazon, which frequently offer discounts leading up to significant shopping days such as Labor Day. “There are a plethora of coupons available that can lessen the financial load,” she urges.
Additionally, local back-to-school fairs organized by cities and educational districts can be valuable resources for families seeking discounted supplies. These events often provide an opportunity to acquire essential items at reduced prices. Keeping a close eye on year-round sales from major retailers can also yield savings on school necessities.
Before embarking on the shopping excursion, Dunn emphasizes the importance of making a comprehensive list of required items and assessing any supplies left over from the previous school year. Items such as folders, binders, and even bags can often be reused, which further diminishes the financial impact.
Moreover, Dunn advises that parents consider purchasing supplies immediately after Labor Day. “Items are frequently marked down after the peak shopping season, allowing families to save for next year,” she notes, advising a forward-thinking approach to supply shopping.
To incorporate educational values into the shopping experience, parents are encouraged to involve their children in the buying process. This not only gives students a sense of ownership over their supplies but also serves as a practical lesson in budgeting and the importance of finding value in purchases.
Dewitt & Dunn also shared additional tips for budget-conscious families navigating the back-to-school shopping landscape. Notably, essential items like backpacks and writing supplies are historically among the most affordable purchases, while electronics and clothing have seen significant budget allocations in 2024.
In conclusion, as families prepare for the new school year amidst rising costs, implementing thoughtful strategies can make all the difference. By planning ahead, involving children in the shopping process, and taking advantage of sales, parents can mitigate some of the financial strain associated with back-to-school demands.
