Posts Tagged ‘back-to-school shopping’

Save Money on Back-to-School Shopping

Tuesday, September 1st, 2009

NEW YORK - MAY 20: In this photo illustration...

Backpacks and notebooks and clothes, oh my! It's that time of year, and wallets are being stretched thin all across the land. I was happy to hear about a terrific post on back-to-school shopping, aimed at Canadian parents, over at parentcentral.ca.

Staff reporter Madhavi Acharya-Tom Yew offers these tips for keeping the budget under control when you hit the stores:

°    If you shop with your kids, get them involved.
Have them help make the list and determine the budget. Then show them
that to stick to it, you need to make some choices along the way.

°    Put down cash, instead of credit. If you must
use a credit card, the stick to just one. “That’s really going to curb
your ability to spend,” says said Jeffrey Schwartz, executive director of Consolidated Credit Counseling Services of Canada. “If you’ve got five credit cards
in your pocket, you have more opportunity to spend.”

°    Spend no more than what you can pay off within a month or two, if you must use credit.
Many consumers still don’t realize that by slapping that purchase on a
credit card and only paying the minimum, you may end up paying as much
as three times what it actually cost.

Check out the post for many more great tips. Then wander around this website for lots of great parenting information. Good stuff here.