With the new school year quickly approaching, many families are feeling the pressure to get their shopping done without breaking the bank.
A new national survey shows that parents are planning to cut back significantly on back-to-school spending this year and are turning to early deals, major sales events, and strategic savings tips to help stay within tighter household budgets.
Shakeria Hawkins spoke to a retail expert for some tips on how to snag savings this back-to-school season. Families plan to spend less this back-to-school seasonheres how to save the most
According to a recent survey from RetailMeNot, 63% of U.S. shoppers plan to participate in back-to-school shopping this year. But with inflation and higher living expenses still weighing heavily on many households, parents are being more cost-conscious.
Parents of grade school and high school students expect to spend around $389 this season thats down more than $100 from last years average of $506. The most popular items on shopping lists include school supplies, clothing, backpacks, lunch gear, and hygiene products.
Stephanie Carls, a Retail Insights Expert with RetailMeNot, says the key to saving the most is comparison shopping across retailers.
Even using Prime Day as an examplesome of the best deals arent always at just one retailer, Carls said. This year, a lot of stores were actually beating Amazon in certain categories. So, its important to always compare prices to make sure youre getting the best value.
Back-to-School Deals You Can Shop Now
Many families are already taking advantage of early savings opportunities, including Amazons Prime Day event, which wraps up Friday, July 11. Other major retailers, like Walmart and Target, are also offering big discounts on school supplies both in-store and online.
Walmarts Walmart Deals event which includes back-to-school offers runs through Sunday, July 13.
Tips to Save Even More
Experts also recommend stacking savings whenever possible. That means combining promo codes, using cash-back sites, and enrolling in retailer rewards programs to maximize discounts.
Whether youre shopping online or in-store, doing a little extra research could make a big difference in how much you spend this back-to-school season.
Source link
