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Looking to save some money this back-to-school season? Here are some tips

Parents facing increased costs as they get the kids ready to return to class
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Avalynn Kwok, 4, walks with her dad, Manny Kwok, outside Lynn Valley Elementary School as her parents drop her off for her first day of kindergarten in North Vancouver on September 9, 2021. For years, Staples Canada has advertised back-to-school supplies to the tune of the 91裸聊视频淚t91裸聊视频檚 the Most Wonderful Time of the Year,91裸聊视频 with parents eager to see their children return to class after a busy summer. But back-to-school supplies can quickly add up, and parents already feeling the crunch from a rising cost of living may need to strategize how they approach this shopping season. THE CANADIAN PRESS/Darryl Dyck

For years, Staples Canada has advertised back-to-school supplies to the tune of the 91裸聊视频淚t91裸聊视频檚 the Most Wonderful Time of the Year,91裸聊视频 with parents eager to see their children return to class after a busy summer.

But back-to-school supplies can quickly add up, and parents already feeling the crunch from a rising cost of living may need to strategize how they approach this shopping season.

More than one in three Canadians, or 36.2 per cent, expect to spend more money this year compared with last when it comes to back-to-school shopping, according to a survey released by Caddle in partnership with the Retail Council of Canada. Just over half think they91裸聊视频檒l spend the same as last year and less than 14 per cent said they91裸聊视频檒l be spending less.

And the expenses can quickly add up.

91裸聊视频淣o matter what you91裸聊视频檙e paying for when it comes to returning to school, even the smallest of supplies can feel overwhelming for some families, given the rise in inflation and the instability of our current economy,91裸聊视频 said Alyssa Davies, founder of the Mixed Up Money website and author of 91裸聊视频淔inancial First Aid.91裸聊视频

91裸聊视频淚n addition, most of us have seen a steep increase in our groceries and other essentials, so buying new clothing or school supplies for kids can feel overwhelming for some.91裸聊视频

Given how much items in grocery stores have increased over the past six months, it would be hard to believe parents won91裸聊视频檛 be spending more on school supplies simply because of inflation, she said.

For parents with young children, the costs can add up since parents are often buying everything for the first time, especially if their kids are entering preschool or kindergarten.

91裸聊视频淵ou need to get backpacks, indoor shoes, lunch kits, etc.91裸聊视频 Davies said.

91裸聊视频淎lthough parents with older children may be able to reuse supplies from previous years, technology is the most significant expense I hear parents concerned about. Whether it91裸聊视频檚 the expectation from the school to have a laptop of some kind or the social pressure from peers, it can stress families out.91裸聊视频

Parents can feel strong pressure to ensure their kids 91裸聊视频渇it in91裸聊视频 and have the same brands, supplies and styles that the other students do, Davies said.

91裸聊视频淯nfortunately, letting comparison dictate your spending habits is never a good way to stay on budget.91裸聊视频

Davies recommends parents consider buying certain items second-hand or reusing older supplies from previous years if there are any left.

91裸聊视频淎lthough your child might have moved past their 91裸聊视频楶aw Patrol91裸聊视频 obsession, it doesn91裸聊视频檛 mean they can91裸聊视频檛 use that backpack for one more school year. I also recommend avoiding higher-priced stores as option one and instead hitting the dollar store to see if you can check off the majority of your list first.91裸聊视频

Janet Gray, money coach at Money Coaches Canada, said preparing parents for back-to-school expenses is not that much different than helping them save for holiday shopping.

However, advanced planning is key.

For example, if parents know that each year they91裸聊视频檙e going to spend $500 per child on back-to-school expenses, Gray recommends they set aside $50 per month 10 months prior so it91裸聊视频檚 less 91裸聊视频減ain and strain91裸聊视频 on their day-to-day or monthly expenses.

Gray also advises parents to start their shopping with a pre-determined amount they91裸聊视频檙e ready to spend on essentials, and maybe allow an additional $50 or so that can go towards wants or upgrading to certain items like a brand name binder, backpack or jeans.

91裸聊视频淭ry to limit the wants because the wants could never end,91裸聊视频 Gray added. And, if your kids are old enough, have a discussion about what91裸聊视频檚 most important to them, so they can negotiate between their wants and their needs. This might look like keeping an old backpack in favour of a newer, more expensive item of clothing, she said.

You also don91裸聊视频檛 need to buy everything before school starts, Gray said. If some items can be staggered, you might realize you need less than you thought.

The surveys were conducted in June 2022 using Caddle91裸聊视频檚 mobile platform and an online panel. According to the polling industry91裸聊视频檚 generally accepted standards, online surveys cannot be assigned a margin of error because they do not randomly sample the population.

91裸聊视频擫eah Golob, The Canadian Press





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