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5 Tips for Back-to-School Budgeting

Published on August 02, 2024

5 Tips for Back-to-School Budgeting

As summer winds down and the school season approaches, it’s time to start thinking about all the things your family will need for the upcoming school year. From notebooks to new sneakers, the list can get long—and expensive! But don’t worry, your team at Queensborough has some tips to help you budget for back-to-school shopping without breaking the bank.

 

1. Make a List

Firstly, you may want to sit down with your kids and make a list of everything they need. Keep it specific: instead of just “school supplies,” break it down into notebooks, pens, folders, etc. This will help you avoid any impulse buys when you hit the stores.

 

2. Set a Budget

Decide how much you’re able and willing to spend in total and allocate specific amounts for different categories, like clothes, supplies, and technology. Having a clear budget outlined before shopping helps you stay focused and avoid overspending.

 

3. Shop Smart

Look out for sales, discounts, and coupons. Many stores have great back-to-school deals, so keep an eye out for flyers and online promotions. Shopping during tax-free weekends can also save you a nice extra chunk of change.

 

4. Prioritize Needs Over Wants

We all know that styles are always changing, but sometimes the latest trend isn’t necessary. Focus on buying what they need first. Once those essentials are covered, you can see what’s left in the budget for the fun stuff!

 

5. Buy in Bulk

For things like notebooks, pencils, and other supplies that get lost or used up quickly, buying in bulk can be a great way to save money in the long run. Plus, you’ll be stocked up for the whole year!

 

Stick to these five rules while doing your shopping, and this year might just be the best (and most budget-friendly) one yet! Happy shopping!

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