Back to School on a Budget

According to some reports, parents will spend more than $1,000 buying back-to-school items for their kids. This year, don’t be shocked by the price tag. Instead, use these four tips to help get your kids to school on a budget.

Set your budget

This might seem like a no-brainer. But, like anything, it’s easy to overspend when we don’t have a set amount we’re working with. Before you start shopping, set a limit for how much you’re willing to spend. Knowing your boundary will help you and your family make smart choices about what you can and can’t afford. And, use Goodbudget to help by creating a ‘Back to School’ Annual Envelope with a budget that makes sense for you and your family. You can even contribute towards it with each paycheck, so you’ll have some cash already set aside when it comes time to start spending.

Make a list of what you need

Making a list before you head to the store can help save time and money. Take some time with your child and come up with a list of things they’ll need for the new school year. That way, you’ll know exactly what to buy at the store. Some teachers help by sending out supply lists ahead of time, so be sure to include those items too.

Set up a clothing swap with families in the area

Back to school clothing can be a big expense, and kids are often growing out of things that are still in great condition. A clothing swap is a great way to exchange clothes your kids can no longer wear for items that they can. Have each family set up a booth with the clothes their kids have grown out of sorted by size. Then, everyone can take turns going through the piles to find clothes that work for them at no cost.

Find out if your state has a tax-free weekend

Some states offer cool perks to help lower the costs of back to school shopping. If you live in a state that has a tax-free weekend policy, take advantage of the extra savings you can get on clothes and school supplies.

With these things in mind, it’s possible to not break the bank when shopping for school. And, Goodbudget can help you track your spending along the way.

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Happy budgeting,
The Goodbudget Team

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