The Back-to-school shopping season is second only to Christmas!!! Even with a terrible economy, folks still manage to spend a chunk of money getting their children ready to go back to school. In fact, through a survey conducted by the National Retail Federation, younger children will have more new clothes, shoes, supplies, and electronics in the 2010-2011 school year than they have in the past four years.
School will start for my girls on next Wednesday. People around here are going to be scrambling around trying to get prepared at the last minute. I don’t know about ya’ll, but whenever I scramble, I overspend. I actually started early this year but here are a few tips to keep from overspending this weekend:
1. Know what you have—You can’t possible REALLY know what you need to purchase if you don’t know what you already have that still works and what does not. Take the 30 minutes to ` hour that will be needed to go through your children’s closets to see what can be salvaged. You may just need to purchase a few shirts instead of complete new outfits!
2. Only get what you need right away–Stock piling school supplies and winter clothes just spend up money NOW. Resist the urge to go out and buy your child’s entire fall wardrobe unless you absolutely have to. Here in North Carolina, it remains very warm until the end of September. It has been my experience that fall clothes go on sale in late September/early October in preparation for the winter duds! It is also pretty unlikely that your child will use every school supply that the teacher asks for during the first month of school!
3. Set a Budget and use CASH— Sit down and decide how much you can AFFORD to spend. Once you decide on a figure, go to the bank and take out the cash! I don’t know about you Divas, but I am much more efficient with staying within the budget when I use cash. Even using a debit card can set you up for “”mental budgeting which in turn leads to OVERSPENDING!