Back-to-school spending is set to increase 4.5% this year, according to Ernst & Young Canada. That’s up from the $323 in back-to-school funds that parents spent last year. It’s key to know smart shopping strategies so you don’t break the bank. Some key ones include:
1. Go shopping with a plan. Set a budget for your back-to-school shopping before you hit the stores, and then figure out how much you can spend for the items on your list. Having a list can prevent impulse purchases that can make you spend more than you planned.
2. Use technology to comparison shop: Use apps like RedLaser (free on iOS and Android), The Coupons App (free from iTunes or Google Play) as well as Walmart’s Savings Catcher app (free from iTunes or Google Play) to ensure you’re getting the best deal possible. Many stores, including Best Buy and Walmart will match competitors’ prices and that can add up to big savings. Costco, too, is very competitive on kids’ clothing prices.
3. Avoid office supply stores. While there may be a convenient Staples or Office Depot store in your neighbourhood, prices on back-to-school supplies are often marked up by 50% or more.