Nonprofit credit counseling agency offers tips for saving money without skimping on essentials
PHOENIX – Back-to-school spending can take its toll on the family budget, with parents paying considerable cash for clothes, 
“Back-to-school spending is second only to the holidays, and the outlay is higher and higher each year,” said Mike Sullivan, director of education for Take Charge America, a national nonprofit credit counseling and debt management agency. “Retailers push hard in the summer months, and school budget cuts have shifted the cost of supplies to families, but savvy parents can save money without skimping on necessities.”
Sullivan offers eight tips for cutting costs on back-to-school shopping:
- Take stock: Supply lists often call for scissors, rulers, pencils and other items people already have at home. Parents can save money by taking stock of what they have before buying new supplies.
- Stick to the list: Teachers’ supply lists have become more extensive so stick to the list and avoid impulse purchases.
- Comparison shop: Look for stores offering deep discounts on school essentials and stocking up on items throughout the year.
- Clip coupons: Many websites publish coupons on back-to-school clothing and supplies.
- Wait to buy: Just like holiday shopping, retailers often discount prices after the rush. Parents can purchase some items after Labor Day to reap savings.
- Shop or swap second-hand: Clothing swaps are a popular choice to exchange gently used clothing. Additionally, second-hand retail shops, are good options for finding trendy and brand name gear at a fraction of the cost.
- Shop tax-free: Many stores offer tax-free shopping days during back-to-school seasons and buy your big-ticket items then.
- Include kids in the process: Many parents give their kids a budget for clothing and necessities. Kids who have to choose between blowing the budget on pricey items or stretching their dollars with sensible purchases will learn a powerful lesson about the value of money.
For more financial tips, visit www.takechargeamerica.org.