It’s that team of year again – backpacks, notebooks, and new routines. While the start of the new school year brings excitement, it can also bring financial stress. From supplies and clothing to electronics and activity fees, it all adds up. Recent reports show families may spend anywhere from $875 to over $1,365 per child depending on their age and school level.
To help you get ahead this year, we’ve rounded up eight smart tips to save money and ease the back-to-school transition.
Find Your School Supply List Easily
Many schools now upload their supply lists to platforms like TeacherLists. You can search by your school or ZIP code and instantly shop through retailers like Target or Walmart.
Prefer shopping in one place? Use:
- Target’s School List Assist
- Walmart’s Classrooms by Walmart
Some schools and PTO’s also offer pre-packed supply kits that can be ordered online and delivered before the first day
Create a Realistic Budget
Think beyond the basics. Include clothing, shoes, backpacks, lunchboxes, electronics, and gear for sports or music. Take a look at the full school year to plan for future expenses.
Involving your kids in the budgeting process helps teach them how to make smart spending choices and understand the difference between wants and needs. If your child is old enough, consider setting up a checking account with a debit card. It’s a great way to give them hands-on experience managing money, tracking their own spending, and making real-world financial decisions under your guidance.
Check What You Already Have
Before heading out to shop, take inventory at home. You may find leftover supplies from last year – unopened notebooks, extra pens, or gently used folders. The best way to save money is often to avoid spending it in the first place.
Hold Off on Shopping
Waiting a few weeks after school starts can help you avoid the rush and take advantage of Labor Day sales and clearance events. Kids can often wear summer clothes early in the year and wait to see what’s needed once classes are underway.
Use Coupons, Deals, and Student Discounts
Check weekly ads, use coupon apps, and look for student discounts when purchasing electronics or other big-ticket items. Buying in bulk can also lead to extra savings for supplies you’ll need later.
Shop Local When You Can
Support small businesses in your community. Whether you’re picking up school supplies or back-to-school outfits, local shops often offer great service, unique finds, and the chance to keep your dollars close to home.
Bonus Tip: Encourage Kids to Save
Back-to-school is a great time to talk about saving. Our Star Savers account helps kids build smart financial habits and rewards them for great grades and learning about money.
Getting ready for the school year doesn’t have to break the bank. With a little planning, smart shopping, and the right financial habits, you can head into the new season feeling confident and prepared. And remember, we’re here to support you and your family every step of the way – from helpful savings tools like our Star Savers account to youth-friendly debit cards that make it easier to track spending and build financial independence. Here’s to a successful, stress-free start to the school year!
