Easing the Sting of Back-to-School Rising Costs

In the last 12 months, consumer inflation rose over 9%. Unfortunately, nothing is off limits from these inflated prices. As school is beginning again, here are several ideas to help alleviate some of the financial stress that going back to school could bring.

Often teachers and staff at schools are allotted money to purchase things for their classroom. Whether you need to buy containers, binders, tools, paper, or decorations, there are several online resources to help. First off, you can consider making an Amazon Wishlist for your classroom. Share it on social media, with friends and family, and you will find that most people are willing to donate for something as important as education. Another website for purchasing school supplies with low prices and clearance sections, is discountschoolsupply.com. They also include free shipping over $99. Do not be afraid to venture into dollar stores – they are very cheap and for younger students especially, they probably do not need the highest quality products.

Thankfully, retailers will have sales through August for back-to-school products. Several states will have Tax Free weekends in August, that include school supplies. If you are looking to purchase products online through Amazon, use this price tracker to find the lowest prices.  Make sure to visit dollar stores and Walmart for school supplies. Buying store brand will save you money and provide your student with quality supplies. If possible, try not to incur debt to buy school supplies. Communicate with your child’s school if you are having trouble with supplies. Many schools have programs to provide school supplies to families in need.

For those heading back to college, make sure to allow for part-time work in your schedule. Not only will it help you tremendously in the long run to be able to take out less in loans, but also you will feel a lot less stressed about your financial situation. Additionally, if you need furniture for an apartment or dorm, make sure to check out Facebook Marketplace, Nextdoor, and Craigslist for gently used pieces. If nothing pans out there, then check out back to school sales from many retailers here!

If you need free expert guidance on how to reduce living expenses, including back-to-school costs, and how to increase income, check out our free comprehensive financial review.