As back-to-school shopping kicks off this year, families are expected to spend an average of $662, according to a new CNET Money report. CNET Money editor Dashia Milden joins Wealth! to break down the report and how families can navigate the high cost.
Milden points to technology as the most expensive category on the back-to-school shopping list, with good laptops costing between $700 and $1,000. However, she explains that sales on these items happen frequently, and refurbished products work just as well. She also notes that many states have tax-free weekends, during which families can save money on their back-to-school shopping trips. Most importantly, she encourages families to price-compare between stores to lock in the best deal and price match wherever possible.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
This post was written by Melanie Riehl