This sagging economy may force some parents to rethink how they approach the back-to-school shopping for their children. So that you don’t get caught up in buying more than you need for the upcoming school year or arguing with your kids in the middle of a crowded store, set aside some ‘planning time’ before you go shopping.
Plan out what is truly needed vs. wanted by your student and make sure that past supplies are sorted through to see if you already have something that is on their list. Then set a budget and make sure they know you are going to stick to it. If they want something expensive, they are going to have to forgo some other things.
Warehouse stores have underwear and socks in bulk and clothes usually go on sale a few weeks after the initial back-to-school rush and so waiting a few weeks into the school year could get you more bank for your buck!
Shopping with the budget will help your children learn about money, comparison shopping and how to get bargains.