School shopping can be a teachable moment

As summer winds down, it’s time for back-to-school shopping. Here are some tips to help you save time and money.

  • Get the teacher-approved list. Many teachers have lists of items they want their students to have.
  • Take an inventory of clothing and supplies you already have. Then, set a budget and buy only what you need.
  • Involve your kids. Use school shopping as a way to teach your children about money, budgeting and organizing.
  • Use price comparison apps to help you check for the best available price in real time. Many of these apps use your phone’s camera to scan a product code. Then they search online databases to show you prices and information about similar products sold online or in stores.
  • Consider buying used or refurbished, whether it’s clothing, sporting equipment, electronics or musical instruments. Consignment and resale shops are a great place to find quality merchandise at deep discounts.
  • Take advantage of tax-free shopping. Many states offer tax-free shopping days in August. It can be a great time to save on clothing and school supplies.
  • Ask about refund and return policies, including sale items. Merchants often have different refund and return policies for sale items, especially clearance merchandise.
  • Save those receipts! When you’re shopping online, keep copies of your order number, the refund and return policies, shipping costs and warranties.

For more money management tips, visit Money & Credit.

This article by the FTC was distributed by the Personal Finance Syndication Network.

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About Damon Day

As a Debt Coach and a Financial Advocate, I have saved my clients Millions of Dollars by exposing the debt relief scams that other consumers fall victim to. I work directly for my clients to create custom debt relief strategies based on their own unique circumstances. Consumers who speak with me first, come out far ahead of those who don't, every single time. Guaranteed. +Damon Day