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5 tips to stretch your back-to-school budget

Don't let back-to-school costs get you down

BACK-to-school shopping should not have to leave your coffers dry; a few simple tips can help you build a budget-friendly shopping list and save on all sorts of school supplies.

Here are 5 tips to saving on school shopping:

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1. Scout your home for school supplies
You probably already have a bunch of school supplies sitting at home. Go through your home office, closets, and basement storage bins, and you’ll most likely find stacks of pens, paper, and more. Reusing items you already own not only saves you money, but it’s also great for the environment.

2. Borrow or trade school supplies
Ask extended family if they have a spare tablet, printer, and other equipment you could borrow. You can also see if your friends are interested in trading extra supplies. Uniform exchanges are also a great idea if you don’t want to spend hundreds of dollars on a new school outfit.

3. Buy in bulk and split the cost with friends
Buying supplies in bulk is a great way to cut down on back-to-school costs, however, not everyone can afford this upfront investment. If purchasing hundreds of crayons and markers puts a strain on your budget, ask your friends with school-aged children if they want to split the costs.

4. Buy second-hand
From quality backpacks to gently-used clothing, you’re sure to uncover a variety of pre-loved treasures at bargain prices when scouring garages sales, thrift stores, and consignment shops.
Make sure to meet the seller and test out the item before paying, and don’t be afraid to negotiate the price. You can also sell unwanted items on these platforms if you want to raise money for new school supplies.

5. Shop around and compare prices
Spend some time figuring out which stores have the best prices.

 

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