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5 Back-to-School Money Saving Tips

Back-to-SchoolIt's easy to stand in the store with your child's list in hand and let back-to-schoool costs spiral out of control.  Getting kids ready for the classroom doesn't have to cost a fortune.  A little organization and creativity can cut down on school costs.



Tip 1: Take inventory of what you have.

Assuming your kids have outgrown everything from last year is a mistake.  Taking the time to have them try on what's already in their closet will give you a better idea of what they really need.


Tip 2: Set a budget.

Now is the time to start grooming savvy shoppers.  Let your children know how much they can spend so they buy only what they need.  You can motivate them to keep spending under control by letting them keep any cash they don't spend.


Tip 3: Time your shopping right.

August is the time to stock up on pens, pencils, and notebooks.  Look for sales on clothing during Labor Day weekend.


Tip 4: Buy used.

Textbooks are cheaper used (and even cheaper when rented).  Plus, it's environmentally friendly to reuse instead of consume and move on.  Consider buying items like computers refurbished rather than new.


Tip 5: Buy items in bulk.

Take advantage of larger discount coupons that give bigger savings for spending more.  Places like Staples offer bulk discounts and free shipping.

Source: http://www.kiplinger.com