Back-to-school season is an exciting time for families, but it can also be a strain on your wallet. From school supplies and clothes, to tech and extracurricular gear, the costs can add up faster than you can say, "a pencil pouch packed with perfectly pointed pencils".
The good news is that with a little planning and smart spending, you can keep your budget in check and still set your kids up for success.
Here are nine practical tips to help you save on back-to-school shopping this year:
Before you head to the store or start browsing online, take inventory of what you already have at home. Then, create your shopping list based on what’s truly needed. This helps avoid impulse buys and duplicate purchases.
Decide how much you can realistically spend and break it down by category: supplies, clothing, electronics, etc. If you're unsure how to create a budget, check out our interactive tool here!
Retailers often roll out their best back-to-school deals in late July and early August. Keep an eye on weekly ads, sign up for store newsletters, and use apps or browser extensions that automatically apply coupons at checkout. Shopping early gives you time to compare prices, avoid last-minute markups, and take advantage of clearance events.
Thrift stores, consignment shops, and online marketplaces are great for finding quality clothes, backpacks, and even electronics at a fraction of the cost. You can also organize a swap with other families in your community.
For items like notebooks, pens, and tissues, buying in bulk can be cheaper. Team up with other parents to split the cost and the supplies.
If you’re using a credit card, choose one that offers cashback or rewards for purchases. If you haven't already, check out our Cashback+ rewards program. It can help you earn while you shop!
Some schools accept digital versions of textbooks or assignments. If that’s the case, you might be able to save on paper, binders, and even books.
Back-to-school shopping is a great opportunity to involve your kids in budgeting and decision-making. It’s a life lesson that will benefit them for years to come.
Back-to-school doesn’t have to mean back-to-broke. With a little planning and the right financial tools, you can make smart choices that keep your wallet happy and your kids ready to learn.
Need help budgeting for the school year? Visit firstbankrichmond.com or stop by your nearest branch. We’re here to help you make the most of your money.