As summer ends and the back-to-school season quickly approaches, it's time to shop for necessary clothing and supplies. From backpacks to first-day outfits, the list of things your child needs can quickly become expensive.
At Vibe Credit Union, this season doesn't have to be overwhelming or strain your finances. You can ensure your child is fully equipped for the school year without overspending with a few simple strategies. Here are five quick tips to help you make the most of your back-to-school on a budget.
- Create a Budget & Make a Shopping List
Preparing before your shopping trip is one of the most important things you can do when back-to-school shopping on a budget. We recommend separating your list into needs and wants first, then deciding what you want to splurge on and how it will fit your budget. Focus first on the required supply list you may get from your child's school. Next, list any clothing or personal items your child needs for the upcoming school year. You can use this task to talk with your child about saving and spending and let them help choose the supplies they need and a few things special to them. - Take Inventory of What You Have at Home
Before you head out to shop, take a moment to check what you already have at home. After making your shopping list, go through your existing supplies and clothing. Take this time to sort through items and decide what to keep, toss, or donate. You might discover that you already have more than you realized—like unopened packs of pencils, barely used notebooks, or clothes that still fit. By taking inventory first, you can avoid buying duplicates and focus on what you genuinely need, saving time and money. -
Buy in Bulk & DYI Personalization
When purchasing frequently used items such as pencils, pens, notebooks, and folders, think about buying in bulk. Purchasing supplies in larger quantities can save you money when they run out. Although doing so helps with back-to-school shopping on a budget, the basics don't have to be boring for your child. Get creative and help your child customize their supplies at home with stickers to decorate plain notebooks or a DIY planner. -
Compare Prices & Utilize Coupons
We recommend using cash back or rewards programs to maximize your budget at your favorite stores. Taking advantage of these perks can come with coupons, member-only sales, and money off your purchase during transactions that you would have done regardless.
Student discounts are another way to save money on back-to-school shopping. Although not every store offers this option, it never hurts to ask. These discounts may require your child to show a Student ID card; check with individual stores for details.
Another thing to consider when planning your shopping trip is which stores have sales. The back-to-school season is accompanied by sales, especially during Labor Day Weekend, so keep those in mind! -
Teach Your Children About Spending and Saving
It's never too early to teach your child about finances. Using back-to-school shopping on a budget as a real-world example of saving and spending can help you teach them the value of money. Involve your child when making your list of needed supplies and setting your budget. Use this task to have an age-appropriate conversation about saving and spending. Teach them the difference between needs and wants when preparing for school and how to find balance in their budget. Lastly, let your child help pick out or customize their supplies while helping them stay on budget.
With these five simple strategies, back-to-school shopping on a budget can be a more manageable experience. By planning, taking inventory, and being mindful of sales and discounts, you can ensure your child is ready for the school year without overspending. Remember, this season is also an excellent opportunity to teach your child valuable lessons about budgeting and financial responsibility.
At Vibe Credit Union, we're here to support you every step of the way, helping you make smart financial choices that benefit your family today and in the future. Happy shopping, and best of luck for a successful school year!
