We’re not quite at the end of summer, but retailers are hoping you are already thinking about sending the kids back to school.
While it may be hard to imagine packing lunches and doing the early morning drill, now is the time to go shopping if you really want to save..
Back to school shopping trends
According to the National Retail Federation, consumers were expected to spend $83.8 billion on back-to-school and back-to-college supplies in 2012. That’s a drop in the bucket compared to the $470 billion we spend on Christmas, but it is still enough to land the back-to-school season in the number two spot as far as seasonal spending goes.
To put it into perspective, the NRF estimates we spend more to go back to school than we do on Mother’s Day, Father’s Day, Easter and Valentine’s Day combined.
The federation reports more people are turning to online shopping, but retail stores continue to be the most popular option for the majority of families. In a 2012 survey, shoppers said they planned to purchase their supplies at the following places.
Clothing and accessories make up the biggest piece of the back-to-school spending pie, but electronics, shoes and school supplies are also major expense categories for many families.
How to save on back-to-school shopping
All these back-to-school statistics boil down to an average of $690 per family being spent on K-12 school supplies last year. If that number seems like too much for your budget, you are not alone. Survey company BIGinsight found 77 percent of families with school age children say the economy will impact their spending.
Even if you don’t need to save money, it never hurts to keep more of your hard earned cash in your pocket, right? To save on your back-to-school shopping, try out these strategies.
It may be 90 degrees out, but now is the time to pick up some cool savings in the back-to-school aisle.
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