It’s the most wonderful time of the year! YUP! It’s back to school time! And while the anticipation for the epic first day of school continues to mount, so does the expense of the event! Did you know that back-to-school has become it’s very own shopping time of the year, much like Christmas? Stores pre-stock all sorts of additional items in anticipation for the huge spike in shopping dollars to be spent. So how can we parents enjoy this end-of-summer time of the year without going broke?
A recent survey for RetailMeNot Inc this year found that large majority of parents surveyed said that the back-to-school season was one of the most expensive shopping periods in the year. And the average spend, in Canada, for back-to-school items is over $600 per child! For families, this amount puts quite a dent in the August-September budget. But no worries, iCASH.ca to the rescue! Not only have we put together an informative blog of the top ways to save on back-to-school supplies, we are also available 24 hours a day, 7 days a week, if ever you need a back-to-school loan to manage to get everything on your schools list! To apply, simply click on this link.
Check out our top ways to save on back-to-school shopping:
1) REUSE IT:
It might be too late for this year, but it is definitely the #1 best way to save money on school supplies. At the end of the school year, right away, have your children line up all of the supplies they brought home and cross off of your school supply list anything that can be reused. You will be surprised at how drastically your list will shrink when you reuse everything from erasers and glue sticks to binders and pencil cases!
2) WAIT AS LATE AS POSSIBLE:
When will the majority of school supplies go on drastic sale? Why the days after school actually starts, of course! Just like boxing day sales, school supplies become hugely reduced in price right after school starts. So, with the exception of any supplies that are required on day 1, wait until a few days into the school year to do your shopping.
3) MONEY SAVING APPS and WEBSITES:
There are so many available websites and apps that help you compare prices and download coupon codes. Sites such as Retailmenot.ca and ShopSavvy are great ways to find the lowest prices and use the best coupon codes for all your shopping needs.
4) LEAVE THE KIDS AT HOME:
I know what you are thinking! You are thinking “no way! They are so helpful at finding the supplies and navigating the store with the crowds!” but the truth is you will save way more by leaving them at home. You will be able to focus on getting the cheaper options of each supply instead of the brand name ones or the ones with their favorite action hero or princess.
5) SECOND HAND IS KEY:
You would be surprised at how many people pack up their gently used school supplies and sell them second hand on sites such as kijiji and craigslist. Imagine being able to buy an entire box full of slightly used pencils, pens, duotangs, binders, and an awesome calculator for only $20! Pretty sweet, right? So comb through the offers on kijiji – you just might be surprised!
6) DOLLAR STORES HAVE SUPPLIES TOO:
Don’t discount the dollar store when it comes to buying your back-to-school items. However, make sure you know the price of items BEFORE you hit the dollar mart! Some items (example duotangs) are only about 25cents so don’t overpay for some items by buying them at the dollar store.
7) USE YOUR POINTS:
This is one of the few times a year that all those points definitely come in handy! You can opt to save up those points all year round and then have a virtually $0 spend come September. (Although, make sure you save some for Christmas which is just around the corner as well!)
Often buying in bulk is a much cheaper option. But who needs 200 pencils for one school year? A great and cheap option is to pool together with a couple of other parents and buy things in bulk to share. It can work out to significant savings (and possibly make some new friends in the process!)
Make sure to keep an eye out for when some of those more expensive items fall on sale. Items such as calculators, markers, binders, often go on super sale a few days before school starts making it a much cheaper time to buy.
The back-to-school time of the year is definitely one filled with anticipation, dread, excitement, and reticence. But it does not also have to be filled with a huge financial strain, thanks to these simple, cost-reducing tips. And again, if you find yourself in a bind of a financial emergency situation, don’t hesitate to reach out to us at icash.ca to see how we can help you today.