"Expert tips for slashing back-to-school shopping costs amid inflation"

1 min read
Source: CNBC
"Expert tips for slashing back-to-school shopping costs amid inflation"
Photo: CNBC
TL;DR Summary

The upcoming back-to-school season is expected to be the most expensive to date, with total spending projected to reach a record $41.5 billion. Families with children in elementary through high school plan to spend an average of $890.07 on school supplies, and 43% of shoppers will need to use some form of financing. While inflation has contributed to higher costs, shoppers can save money by only purchasing essential items now and waiting for discounts on non-essential items. Price-tracking browser extensions, taking advantage of sales tax holidays, applying for credit cards with sign-up bonuses, and utilizing cash-back sites are some strategies to save money. Additionally, shopping for gently used items and utilizing local exchange programs can help reduce costs.

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