Back to school shopping can be very expensive and it is important to take stock of what you already have. Michelle Buria has some tips to help you save money getting the items you need.
Certified Financial Planner Michelle Buria, the Managing Director of Choreo, offers some advice for back-to-school savings.
No. 1: Take inventory of what’s at home
Look and see what you have at home. There’s some things that you can reuse rather than going out and buying something new.
No. 2: Work together
Sometimes back-to-school items can be cheaper in bulk. One option is to go in on these items with other families.
Consider even joining a Facebook group that trades items.
No. 3: Spread out shopping
If you can buy everything in your budget at once, consider spreading out your shopping. Not everything will be needed all at once.
No. 4: Set limits
Set a budget. If kids want go beyond this amount, give them the option to put their own money towards something like a backpack.