Back-to-school shopping can be both exciting and overwhelming, especially when it comes to managing expenses. At Ascend, we understand the importance of staying within budget while ensuring your child has everything they need for a successful year. Here are a few tips to help you make the most of your back-to-school shopping:

Create a Budget
Start by setting a budget for your back-to-school shopping. Determine how much you can afford to spend and stick to it. A clear budget helps you avoid overspending and encourages you to prioritize essential items.

Make a List
Before you hit the stores, make a comprehensive list of what your child needs. Include school supplies, clothing, shoes, and any other essentials. Check what you already have at home to avoid duplicate purchases. Stick to your list to prevent impulse buys.

Take Advantage of Sales and Discounts
Keep an eye out for sales, discounts, and special promotions. Many stores offer significant discounts on school supplies and clothing during the back-to-school season. Sign up for email newsletters from your favorite retailers to receive notifications about upcoming sales and exclusive deals.

Shop Tax-Free Weekends
Many states (including Tennessee) offer tax-free weekends during the back-to-school season. This is a great opportunity to save on sales tax for clothing, school supplies, and electronics. Check your state’s tax-free weekend dates and plan your shopping accordingly.

Buy in Bulk
For items that your child will need throughout the school year, consider buying in bulk. Supplies like notebooks, pencils, and paper can be purchased in larger quantities at warehouse stores or during sales. This can save you money in the long run and ensure you’re stocked up for the entire year.

Shop Secondhand
Don’t overlook the value of secondhand stores and online marketplaces. Gently used clothing, backpacks, and even electronics can be found at a fraction of the cost of new items. This is an excellent way to save money and teach your child about the importance of recycling and reusing.

Utilize Reward Programs and Cashback Offers
Some financial institutions offer checking accounts with rewards or cashback programs. Use your Ascend Federal Credit Union Interest Earning Checking account to earn 3.56% APY1 on balances up to $15,000, or your Rewards Checking account to earn cash back on purchases, so you can use the extra funds earned to pay for back-to-school expenses. Additionally, look for stores that offer loyalty programs or cashback deals to maximize your savings.

By following these tips, you can make back-to-school shopping a more manageable and enjoyable experience. For more tips on saving, check out our free financial education course on reaching your savings goals.