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Back to School Aug 09, 2021

Back-to-School Money-Saving Tips

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Back-to-School Money-Saving Tips

The new school year is right around the corner and supply shopping isn't too far behind. We've put together a list of back-to-school money saving tips that can help you save on clothes, books, lunchbox supplies, and more. From finding the best deals to using coupons effectively, we hope this blog post will be helpful for your family!

When it comes to being frugal this coming school year, there are some key tips to remember. But sometimes, even when we try and stick to a budgeting plan, unforeseen payments of school fees pop up and need to be paid. When that happens, applying for a same-day loan from a direct online lender is a viable solution to get you back on track to money-saving this school season.

Below, you’ll find a list of some of the best ways to keep money in your pocket as you (or your children) hit the books this fall:

Plan out your school supplies in advance.

Most educational facilities will offer a comprehensive list of supplies needed for the semesters ahead. From textbooks to coloured folders, they are very specific about what’s needed (and what’s not). Having a list like this will keep you from buying unnecessary bits and bobs.

Buy used books online or from a bookstore (when applicable).

Textbooks can be hugely expensive, so when you’re trying to save money this back-to-school season make sure you check for used books from previous students. Sometimes campus bookstores will even have sale sections. Amazon is a great source for textbooks, and even notebooks and folders, just make sure you purchase exactly what’s written on the class supply list!

Get discounted school clothes at the end of summer and beginning of fall, then donate them to charity after you're done with them.

Buying back-to-school clothes for kids can get expensive, especially since they grow out of them so quickly! Look for sale items, and as your child outgrows them, consider donating them. It’s also always a good idea to make friends with other parents at the school – often their children have older siblings and will be willing to offer hand-me-downs. And you can return the favour!

Make your own lunches instead of buying expensive ones every day.

This is a great back-to-school money-saving tip for all ages and student types. Whether you are prepping your elementary school child’s lunch or your own for university, make it quick and make it healthy. Make sure you have a hearty lunch that will keep you full so you’re not tempted to head to the local coffee shop or cafeteria. Work these lunch plans into your grocery budget to ensure you aren’t overspending on these items, either.

Use public transportation or carpooling, if possible, when walking or biking to school isn’t an option.

This isn’t always an option when you have younger children, but if you have the option to send your child to school via a bus offered by the school-board, take it!

And for adults students save on gas money and parking and consider purchasing a monthly pass for public transport. It will also give you more time to read, study and catch up while you journey towards campus.

Look for back-to-school specials and price reductions online and in coupon flyers.

This might just be the most important back-to-school money-saving tip on here. Look for those coupons! Every year, big name stores and even the smaller ones come up with rebates and specials that they know parents and students will be buying for the new school year. They know how expensive it can all be, and so they offer reduced prices or sometimes even back-to-school kits and packages that come with multiple items a lower cost.

Start This School Year on the Right Financial Foot

Don’t let this back-to-school season stress you out as you think about finances and how you’re going to cover all expenses. Instead, take a moment to create a plan for your purchases, and consider following the above advice, as well.

Know that even if you make a solid back-to-school money-saving plan, unexpected costs might arise (especially with kids!). Knowing you can turn to iCASH to help you cover those expenses with immediate e-transfer loans up to $1, 500 should take a weight off your shoulders.