Video: Saving on back-to-school shopping
Mom bloggers share their best tips
International broadcast journalist, podcaster and blogger.
It’s time to stock up for school, and depending on the number of kiddos and number of needs … you could see the number in your bank account drop dramatically.
So, we reached out to a well-known parenting blog site, Austin Mom’s Blog, for advice on making back-to-school shopping as painless as possible.
“Just get what you need,” suggests Austin Mom contributor Rachel Campbell, a small-business owner and single mom on a tight budget. “It’s need to have versus nice to have.”
Campbell also reached out to her community of bloggers for seven tips to save you money and help you make the most of your rewards cards as you fill a cart or two full of school clothes, backpacks, pens and more.
Back-to-School Guide 2017
1. Make a list and a budget.
Either use the teacher’s list or write out your own, but make sure you have a game plan before you hit the store and you are committed to sticking to it. Also, be sure to write down how much you can spend and circle it to make sure you don’t stray on impulse buys.
2. Use technology for deals.
Be sure to follow your favorite stores on social media for special coupons. If you plan to shop online, download an app such as Ebates which can help you getdiscounts on your purchases. If Amazon is your shop of choice, be sure to use a credit card that allows you to use points for purchases on the site, such as the Chase Sapphire Preferred.
3: Think outside the big box.
When shopping brick-and-mortar stores, don’t be afraid to venture from big boxes to head over to discount shops for some great deals that don’t require coupons.
“Dollar General and Dollar Tree have stepped up their game with school supplies and classroom supplies, and they really offer much more affordable options than some of the more obvious choices,” says Campbell.
4. Make your credit card pay you.
Pay for your holiday travels early by signing up for a great travel rewards card now, since you know you’ll be spending more for school supplies. You can use the extra expenses to meet the new card’s minimum spend to earn a big sign-up bonus.
“I’m taking my family to Utah at the end of the summer, all on points,” says Campbell, who used one card for all her purchases for several months to not only get the big sign-up bonus, but also to rack up additional points to cover the cost of five plane tickets.
If you’re more in need of cash than travel, look for a great cash back card – 1.5 percent to 2 percent are good returns. If you know you spend most of your money in one category, such as groceries or wholesale clubs, then find a card with a big cash back percentage where you shop the most.
5: Pay your card off immediately.
Make sure your card strategy doesn’t cost you more than it rewards you. Whether it’s a store card or bank card, pay it off immediately to avoid interest charges. If you’re using a store card, bring your checkbook along and head over to customer service after making your purchases so you don't forget to pay off the balance on time.
6. Host a back-to-school-swap.
Campbell recommends getting social by inviting other parents over to swap lightly used clothes, book bags and shoes to freshen up your kids’ wardrobes without cost. Put out a few snacks and drinks for the kids and remember what is old to someone else is new to you.
7: Get it done in one day.
Everyone has a strategy for getting the best deals, but Campbell suggests limiting the shopping spree to one day, preferably over the tax-free weekend (if your state has one of these for back-to-school purchases). Multiple shopping trips can lead to multiple impulse buys that can cut into your budget.
Just by doing your homework and following a few rules, you can make back-to-school shopping both easy on your budget and your nerves.
- Video: 4 times you should close a card – Here are four times you should consider closing a card, even if it means dinging your credit score ...
- Video: What are credit card grace periods? – If you pay your credit card balance in full and on time each month, interest does not start charging immediately on new purchases. This is called a grace period. Let’s see why grace periods are so awesome ...
- Video: Four times to open a new card – Getting bogged down with card offers but not sure about adding more plastic to your wallet? Here are four times we think you should definitely take the plunge ...