Back-to-school savings By Jennie Bragg
It's that time of year again ... back to school time!
And for anyone with kids, that means shopping for everything from new clothes to notebooks to lunch boxes.
Back-to-school savings are easy to come by if you follow a few simple rules.
Before you head to the store, shop the closets in your home.
This will allow you to figure out exactly what you need. You can build a shopping list, and you won't overspend when you get to the store.
"For the kids this is a good lesson between needs and wants. They may want a whole new wardrobe, but they may not need a whole new wardrobe. And having them make those decisions is helpful to them and also to you," advises Janet Bodnar, author of 'Raising Money Smart Kids'."
And consider a clothing allowance.
When kids have to chip in to pay for those new jeans or that expensive backpack, last year's duds will start looking pretty good again.
To every season
Everyone wants the best deals, so time your shopping right. Most stores offer deals on school supplies throughout the month of August, so shop early if your child's school provides a list of essentials before the start of school. Labor Day and the period right afterward is the time to shop for clothing, as many retailers have big sales during this time.
And if your child can wait until a week or two after school starts for supplies, many stores deeply discount items after the start of the school year.
If you are willing to cross state lines for big ticket items like a computer or an expensive calculator, Bodnar says, "there are 16 states that actually have sales tax holidays on back-to-school equipment, anything from school supplies to computers to clothes."
Contact your state's department of revenue to find out if your state has a sales tax holiday coming up and what purchases qualify.
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