The school year is around the corner, and at Waypoint Bank, we know that it can be a difficult time financially. With new school supplies, textbooks, clothes, and more, the expenses add up quickly. While it seems overwhelming, there are budgets and tips you can use to help your savings account while ensuring you or your kids are ready for back-to-school season. 

Create a list of essential back-to-school supplies 

Understanding what your school needs are before you shop is important so you can avoid excess purchases. Books, binders, notebooks, writing supplies, etc. are typically items that you need to replace every year. Backpacks, art supplies, and calculators are examples of supplies that can be reused every year. 

Create a budget 

Once you know the supplies needed, start a budget plan before you shop. Allocate money for different categories of items so you know how much you can spend on certain supplies. This can help you control your spending and avoid going overboard with unnecessary school supplies. 

Buy in bulk

You do not have to shop alone. Buying supplies in bulk from stores including Costco and Sam’s Club is a great way to save some money with your friends or fellow parents. Take your list of needed supplies, buy in bulk and split the cost. Remember, if you struggle with financing school supplies, there are other people who share the same difficulties. Lessen the burden with others!

Use student discounts

Many retailers and companies offer student discounts and back-to-school offers. Look for bargains and special offers around the beginning of the semester. From technology to school snacks, there are discounts available for children and young adults. 

Buy used 

Do not be afraid to buy supplies that have been previously used. Thrift stores and restoration shops are great options for you to buy backpacks, computers, and other important items for a cheaper price. This strategy can significantly reduce costs and help you find deals that fit your budget. 

At Waypoint Bank, we understand that this time of the year can be stressful for families and students. While it can be overwhelming, there are different approaches you can take to limit spending for the school year. We want you to be school-ready, and these tips can help you achieve your financial goals this year.