Even though summer temperatures are still blazing, now is the perfect time to start budgeting for back-to-school shopping. Outside of the holidays, this season is often one of the most expensive for families—so planning ahead can make a big difference. Sure, your kids need school supplies, but do they really need that brand-new, top-of-the-line backpack?
The good news? You’re not in this alone. At CommunityAmerica, we’re here to help you navigate the back-to-school season with tips and strategies to stretch your dollars and reduce stress.
Start with What You Have
There’s nothing like a fresh box of crayons to kick off the school year—but not everything needs to be brand new. Before heading to the store, take inventory of what you already have. That drawer full of pens and pencils? The gently used binders or nearly blank notebooks? They can easily make it through another school year.
While kids may be drawn to shiny new supplies, this can be a great opportunity to teach them about budgeting and taking care of their belongings. Unless the school requires otherwise, items like backpacks, calculators, and USB drives often last for several years.
Budget First, Buy Second
Some items will need to be purchased new—and that’s okay. Start by requesting or reviewing the supply list from your child’s school. Once you know what’s needed, create a realistic budget.
Then, comparison shop. Discount stores like Five Below and Dollar Tree often have essentials at lower prices, and bulk retailers or online shops can offer deals, especially if you’re buying for more than one child. A little research can lead to big savings.
Dress Smart for the School Year
If your child has hit a growth spurt, chances are they’ll need new clothes too. Late summer and early fall are great times to hunt for those back-to-school outfits. But before heading to the mall, try checking out local thrift stores or budget-friendly retailers like Walmart and Target. You can score brand-name items at a fraction of the price—ideal for clothes your kids will likely outgrow in a few months.
Use Ads to Your Advantage
Your inbox is about to be flooded with back-to-school ads and promotions. Instead of ignoring them, use those flyers and emails to gauge prices and plan your shopping strategy. Think of it as your homework—and a great way to lead by example.
Shop Tax-Free Weekends
If your state offers a sales tax holiday, take full advantage of it. Tax-free weekends are a great time to stock up on essentials and bigger-ticket items like laptops, backpacks, or clothing. You can also save more by planning ahead and combining store sales with the tax exemption. Be sure to check your state’s dates and eligible items in advance so you’re ready to go.
Start Saving for Next Year Now
Once the back-to-school shopping is behind you, it’s a smart move to start planning for next year. Setting aside even a small amount each month—whether it’s $10 or $25—can add up over time. That way, when the season rolls around again, you’ll be financially prepared and able to shop with less stress and more confidence.
If you need help setting a back-to-school budget—or just want a second opinion on your overall financial picture—schedule a free appointment with one of CommunityAmerica’s Financial Well-Being Coaches. We’re here to help you make this school year a financially smart one.
