Skip to main content

6 Smart Strategies for Minimizing School Supply Costs

The back-to-school season is just around the corner. For many families, that means expensive trips to the store to buy school supplies, clothes and other items. While many stores offer sales, which can help with the cost of supply shopping, it still adds up to a serious expense in the late summer months.

As with many expenses, however, there are strategies that smart shoppers can employ to cut back on some of those costs. Here are six strategies that savvy parents use to keep school supply costs low without skimping on back-to-school necessities.

[See: Avoid These Common Pitfalls During the Back-to-School Shopping Trip.]

Take advantage of tax-free holidays. Many states have tax-free holidays during August and early September. These holidays enable shoppers to buy various types of goods without the burden of state sales tax. Retailers also jump on board, typically offering sales during those tax-free holidays to attract bargain hunters.

Many states actually use tax-free holidays to reduce the burden on back-to-school shoppers, offering tax-free days on items such as school supplies and clothing. Along with that, those states often see lots of sales during those holidays to further increase savings. Schedule your back-to-school shopping during those periods.

[See: 12 Shopping Tricks to Keep You Under Budget.]

Let your children choose limited “upgrades.” Rather than allowing your kids to choose every school supply and clothing item they want, start by buying everything they absolutely need at minimal cost and then give them a small “upgrade” budget. They can use the money in this budget to upgrade certain items of their choice. Perhaps they want a new backpack or nicer shoes, or maybe they prefer to replace a couple of shirts with versions closer to their tastes. Leave it up to them.

Not only does this save a great deal of money on back-to-school shopping, it also gives children the freedom to choose, which they value deeply. They still have the ability to choose some items that are important to them, which alleviates many conflicts when it comes to school shopping.

Buy items in neutral colors and reuse them. Choose clothing items and reusable school supplies in neutral colors with minimal branding and characters. Why? Those items are the easiest to continue to use from year to year and easiest to pass down to younger siblings or sell at yard sales.

If your children want something different, pair this idea with the above idea of using an “allowance” that they can spend on “upgrades” of their choice. That way, they can get some clothing that they specifically choose, but the backbone of their wardrobe is made of items that are inexpensive, flexible and easy to hand down or sell later.

Shop for reusable items first at secondhand stores. Rather than heading out to expensive stores to buy new items, start your back-to-school shopping at secondhand stores. Look for reusable items such as pencil cases, rulers and clothing secondhand before moving on to other stores where you’ll likely be paying far more.

You shouldn’t expect to fulfill all of your needs at a thrift store, but if you can find many of the items you need secondhand at a very low price, you’re saving money.

[See: 10 Money-Saving Websites to Check Before Shopping.]

Stock up on exceptional deals. During back-to-school shopping, many stores carry a loss leader, which is an item sold cheaply in order to attract shoppers. Perhaps they offer pencils at a steep discount or sell composition notebooks for a nickel. If you have multiple children, or you know that your child will use those supplies in multiple years, stock up on those doorbuster deals and put them aside for the future.

For example, let’s say you have a kindergartner who has glue on his shopping list. You peek at the first and second and third grade lists at his school, and they also require glue. You find bottles of glue as a loss leader for 10 cents each. Why not buy four of them? Even better, what if you have some younger children on the way? Buy 10 of them. Just put them in a closet somewhere out of the way, and then start each year by “school supply shopping” in that closet.

Buy school supplies without children in tow. One final strategy is to take care of most of the shopping without your children at all. That way, you can focus exclusively on prices, not the desires of your children.

If you want to pair this with the “allowance” strategy, combine school supply shopping on your own with an additional narrowly focused trip where your children have input, such as a clothes shopping trip, where they can choose one or two items, or backpack shopping.

Using these strategies in concert can save you a great deal of money during the back-to-school shopping season.

More from U.S. News

10 Things to Know Before You Shop for Back-to-School Supplies

10 Money Mistakes New Grads Make

10 Offbeat Ways to Earn Extra Money

6 Smart Strategies for Minimizing School Supply Costs originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
Read Next Story