By Angela Colley
NEW YORK (MoneyTalksNews)Last year, back-to-school shopping hit a record average $689 for families with school-age kids for items like clothing, school supplies and electronics. This year the cost won't be nearly as high $635 per family, the National Retail Federation predicts.
"The good news is that consumers are spending, but they are doing so with cost and practicality in mind. Having splurged on their growing children's needs last year, parents will ask their kids to reuse what they can for the upcoming school season," NRF president and CEO Matthew Shay said in a press release about BIGinsight's survey results.
That's still a lot of money per family "well above where [spending levels] were a few years ago," the NRF says but there are ways to significantly reduce those costs. Money Talks News founder Stacy Johnsonoffers tactics for saving money on school supplies, clothes and gadgets for your kids in the video below. Check it out, and read on for more ways to save.
1. Start at home
Make a list of everything you'll need starting with the list of supplies your school requires and check around your house before you buy any new supplies. You probably have pens, highlighters, pencils and a few other supplies left over from last year. Mark what you have off the list.
2. Stick to the list
Once you're in the back-to-school section, your kids will want multicolored pens, funny-shaped erasers, and every folder they see with a superhero printed on the front. Resist the urge to splurge and stick to your list.
The same goes for you. Resist the urge to buy something now because your kids might need it later. If they do end up needing a second set of markers, you can always buy them later.