In preparation for back-to-school shopping this year, prepare a list and a budget in advance and make sure you stay within its constraints.
In a recent survey, 8 in 10 Canadians believe that back-to-school shopping is getting more expensive. It is important to stay conscious of what your kids actually need for school and to purchase the essential items ahead of time in order to avoid potential price increases or lack of supply, which could result in you having to buy a costly alternative.
Below are some savings tips that could help you save money and meet your budget needs:
- Shop early. This will allow you to get the best prices on essential items and ensures that they aren’t sold out as school approaches. Many people also wait until the last minute to do their shopping so they are unable to utilize other options, like online stores or the classifieds that can offer good deals. When you are shopping online, you need to also consider shipping costs.
- Look for student discounts. Shop around and look for retailers who offer student discounts.
- Buy refurbished electronics. Refurbished laptops and other electronic devices are often available used and tend to cost much less than buying a new product that will be out of date by the next school year.
- Recycle items from around your house. A lot of school supplies and clothing accessories can be found around the house. Make it a game for your kids and have them help you find items that will be of use.
- Consider all costs before shopping in the US. Keep in mind the food and gas costs associated with making a trip away, the costs for a hotel if you are staying overnight, and the US exchange rate.
By preparing your budget and a list of what your kids will need far in advance, you will be able to stay within your budget, and still be able to set your kids up with all the gadgets that they will need for the school year.
BCSC staff ambassadors tour the province, helping people to protect themselves from fraud and unsuitable investments. Our goal is to enable BC investors to develop critical thinking skills so they can become more informed of steps they should take to protect themselves when investing. Where we are this month VictoriaBe Fraud Aware July 14Private event […]
We have been out on the road quite a bit in the past couple of months, giving presentations in various cities and attending home shows and community forums. We always get interesting questions when presenting, and we try to highlight them from time-to-time on our blog. In March, I presented to an investment group at […]