How Much Americans Will Spend On Back-To-School Shopping This Year
HOUSTON, TEXAS - JULY 25: Backpacks are displayed in a Walmart Supercenter on July 25, 2022 in Houston, Texas. School districts around Texas have begun requiring students to use clear backpacks following the school shooting at Robb Elementary School in Uvalde, Texas. (Photo by Brandon Bell/Getty Images)
It may feel like summer is just getting started, but in some parts of the country, schools are already starting or soon will be. Parents who are ready for the summer break to be over may be happy for the return to school, but with it comes a big price tag for all those supplies, uniforms and calculators. And that’s an expense many of us aren’t ready for.
Many parents, including myself, are counting the days until our routines get back to normal and the kids are back in school. We are also counting the money we will be spending during back to school shopping.
A new survey from CNet asks over 24-hundred (2,457) U.S. adults about their back-to-school shopping plans and finds:
- Americans will spend an average of $662 on back-to-school shopping this year.
- Nearly half (44%) have already set aside money for this expense.
- Nine in 10 back-to-school shoppers will try to cut costs by using one kind of savings method.
- The most popular ways to save are only shopping sales, looking for discounts and using coupons.
- More than a quarter (29%) are willing to take on credit card debt or use a payment plan, like Buy Now, Pay Later.
- And 22% are planning to shop their state’s tax-free holidays to save on back-to-school needs.
- Fewer people say they’re going to finance their back-to-school purchases, but 14% are still using credit cards to pay for theirs.
To save more on back-to-school shopping, the experts at CNet recommend:
- For laptops, check wholesale clubs, like Costco, to avoid paying full price.
- Make a list of everything you need, prioritize the essentials, then figure out how much you can afford and stick to the budget.
- Compare prices online and in stores and don’t assume the dollar store is always cheapest.
- Buy in phases, starting with what your kid needs on the first day. Then, over the next month, buy more supplies as they go on clearance.
LauRen Merola Strager is a former NFL & NBA cheerleader turned radio host. LauRen is a former Miss Pennsylvania USA and is a proud wife and mother of two. She is the owner and chief editor for her fashion and lifestyle Blog “All Of The F-Words” and is a champion for the Autism community. You can read all about LauRen’s thoughts on motherhood, pageant life, and everyday life through her online content.
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