It’s that time of year to start thinking about back-to-school shopping. And with inflation at an all-time high, one may require several strategies to stay on budget. Here are some money saving tips to consider before you hit the stores.
Cashback programs
Sure, you may already have a cashback credit card, but who’s gonna say no to receiving additional cashback dollars? Apps like Rakuten Canada and Paymi are super easy to use, and have many big name retailers as partners including Staples and Walmart.
Buy in bulk and share
If you have a Costco membership, consider buying in bulk (snacks anyone?) and split the cost with friends and family members.
Comparison shop
We love the Flipp app. Just search the item you want and it will search across all local digital flyers so you can comparison shop. It can’t get any easier than this.
Student discounts
Although an SPC membership is not free (currently at time of writing $11.99 per year), students can save at stores like Adidas, American Eagle, Muji, Foot Locker, Bath & Body Works, and a ton of fast food restaurants. The savings will more than pay for the annual membership fee.
Thrift stores
My 21 year-old daughter has come to love thrift shopping and finding awesome deals. When it comes to kid’s clothing, they grow so fast, that often clothing items may still be in near perfect condition.
Check inventory
Check out the stationery supplies from the last school year and make a list so that you don’t buy items unnecessarily. The same can be said for clothing. This would be a great time to donate clothes that don’t fit anymore to make room for the new.
Use this as teaching moment on budgeting
Back-to-school shopping is a fantastic way to teach your kids how to budget. Sit together to create a list of items they need, and set a realistic budget.
What are your back-to-school shopping savings tips?