Parents could spend $100 on supplies alone for back-to-school shopping
If you’ve been in denial that summer is coming to a close, you and your children may have been avoiding back-to-school shopping. Well, it’s time to bite the bullet: the last weekend of August is upon us, and it’s time to start buying those pencils and erasers.
Unfortunately it won’t come cheap – Consolidated Credit found that parents should be expecting to spend around $100 per child on school supplies alone.
Consolidated Credit has a full article on back-to-school shopping and budgeting tips, but here’s a quick summary:
- Have a plan – Bring a list and a budget (and stick to it).
- Nickel-and-dime each item – Smalls savings will add up at the checkout.
- Comparison shop – Retailers are competing for your business – take advantage!
If credit card debt is stretching your budget then and you don’t know how you will pay for school supplies and clothes, it might be time to call 1-888-294-3130 to speak with a trained credit counsellor. They’ll take a look at your finances and make recommendations on your best path to becoming debt-free. You can also get the process started online by trying a Free Debt Analysis.