As summer winds down, parents and students alike start preparing for the new school year. While it’s exciting to gear up with new supplies and clothing, the costs can quickly add up, turning the start of school into a financial strain. Luckily, there are plenty of straightforward ways to cut expenses without sacrificing quality or comfort. Here John Lowe of MoneyDoctors.ie shares ten simple ideas to help save money on back-to-school costs.
1. Create a budget and a list of needs
Before heading out shopping, set a realistic budget and make a detailed list of what’s truly needed. Many families overspend by purchasing unnecessary items or impulse buys. By identifying essentials—such as backpacks, notebooks, pens, and clothing—you can avoid unnecessary expenses. Stick to your list and budget to prevent impulse spending and keep your costs manageable.
2. Reuse and repurpose old supplies
Check what supplies from last year can be reused. Often, backpacks, lunchboxes, and even some stationery are still in good condition and can be used again. This simple step can save significant money. For school supplies that are worn out or missing, consider repurposing or upcycling items—such as turning old jars into pencil holders or using fabric scraps for book covers.
3. Shop sales, clearances, and discount stores
Timing your shopping trips around sales events and clearance sales can lead to substantial savings. Many stores offer back-to-school discounts in late summer or early autumn. Additionally, discount stores and warehouse clubs often carry supplies at lower prices than traditional retail outlets. Keep an eye out for coupons, cashback offers, and store promotions to maximise your savings.
4. Buy in bulk
For items that are used in large quantities—like notebooks, pens, or cleaning supplies—buying in bulk can be more economical. Warehouse stores or online bulk retailers often provide better prices per unit. Just make sure you have storage space and that the items won’t expire or go unused.
5. Set price limits for clothing shopping
School shopping for clothing can be a major expense, especially if children are growing quickly. To save, set a reasonable budget for clothing and shop at outlet stores, sales, or thrift shops. Buying clothes out of season—such as winter jackets in summer—can also save money. Encourage your children to choose versatile, durable pieces that will last throughout the year.
6. Use hand-me-downs and borrow items
If you have older children or friends with children, consider swapping or passing down clothing, shoes, and supplies. Community sharing reduces costs and promotes sustainability. Local parent groups or online marketplaces can also facilitate clothing swaps or sales, helping your kids get what they need at a fraction of the retail price.
7. Limit technology spending
While tablets, laptops, and other tech devices are often part of the school routine, you don’t need the latest model or high-end features. Look for refurbished or gently used devices, which are often significantly cheaper but still functional. Also, check if your school offers device loan programmes or discounts on software and internet services.
8. Encourage DIY projects and customisation
Personalising supplies can be a fun and inexpensive way to give items a fresh look. Use inexpensive craft supplies to decorate notebooks, pencil cases, or backpacks. DIY projects not only save money but also foster creativity and a sense of ownership in your child’s belongings.
9. Plan meals and pack lunches
School meals and snacks can become costly, especially if children buy lunch every day. Preparing meals at home and packing lunches is a budget-friendly alternative. Bulk cooking and batch preparing snacks can save both time and money. Plus, homemade lunches are often healthier, which benefits your child’s well-being.
10. Set expectations and involve children in budgeting
Teaching children about money and involving them in the shopping process can help them understand value and make smarter choices. Set clear expectations about what is acceptable and encourage them to prioritise their needs. This not only educates them about budgeting but also fosters responsibility and appreciation for their belongings.
Back-to-school shopping doesn’t have to be a financial burden. With a bit of planning, creativity, and patience, families can significantly cut costs while ensuring children have everything they need for a successful year. Remember, the goal is to balance affordability with quality—saving money doesn’t mean sacrificing the essentials. By implementing these ten simple ideas, you can start the school year on a positive financial note, easing stress and setting a great example for your children about responsible money management.
Happy shopping and best wishes for a successful school year.