Parents face rising prices as back-to-school shopping costs reach $800 per child, but savings strategies can lower the cost.
DALLAS — The cost of school supplies has ballooned in recent years and parents taking a look at their child’s classroom supply list could be hit with some sticker shock.
Dewitt & Dunn Financial Services says inflation and the growing cost of goods have the average family spending $800 per child on back-to-school shopping.
However, getting your student ready for class does not have to be an annual burden. Some savvy shopping and year-round preparation can significantly ease the cost of class.
“On Amazon and online stores, they have a lot of great discounts right now before Labor Day,” said Cathy Dewitt Dunn, the president and CEO of Dewitt & Dunn. “There is a lot of great couponing going on.”
Back-to-School fairs held by cities and districts each year are a great place for some families to get their hands on much-needed school supplies and keeping an eye on sales from big retailers can provide bargain buys year-round.
Before heading out and breaking the bank, Cathy says make a list of what items are needed and determine if any items from last year, such as folders, binders and backpacks, are in good enough condition to reuse. And as you consider using last year’s items for the new year, don’t forget to think about next year.
“Right after Labor Day, you could buy supplies for next year because they will be on clearance and you’ll save money.”
Finally, use back-to-school shopping as a real-world lesson for your child. Include them in the shopping experience to not only give them a choice in their tools for school, but to teach them the value of a buck and a bargain.
Some other saving tips from Dewitt & Dunn:
- Backpacks, notebooks and writing supplies are common purchases, but those are historically the most affordable expenses.
- In 2024, families budgeted the largest amount of money on electronics. Clothing and accessories were a close second.
- It’s important to plan ahead and find ways to keep costs down before you hit the stores.
- Before you buy new, take inventory of any leftover supplies from last year that can be reused.