Back-to-School Shopping Simplified


6 Ideas to Take the Stress Out of Back-to-School Shopping


Rising prices and increasing interest rates squeeze family budgets as the school year ramps up.

A recent back-to-school survey shows that parents plan to spend an average of $661 per child for back-to-school shopping this year, up 8% from 2021 and 27% from 2019. Clothing and accessories lead the increase, costing 18% more this year on average. School supplies cost 7% more.

The survey said inflation weighs on many back-to-school shoppers' minds and wallets. Over half (57%) of K-12 parents surveyed expressed concern about price hikes for back-to-school products. 

Even if your kids are back in school already, there’s still pressure to stock up on supplies, clothes, devices, and extracurricular gear.

The good news is that with some planning, families can successfully manage school expenses with the following ideas.


1. Consider your spending plan


Rising inflation and interest rates have changed household finances, compounding if there has been an unexpected loss or change in monthly income. GreenPath’s budgeting worksheet is a great way to get a handle on tracking income against expenses. Once you have a good handle on your current financial state, determine how much you feel comfortable spending.

2. Make a shopping list that reflects the difference between “wants” and “needs”


Prioritize your needs list. What do you need to buy before school starts, and what can you purchase later? Take inventory of what you already have on hand, like backpacks, clothing, and school supplies. Can anything be reused or repurposed? Check the stability of your high-speed internet. Is the family computer able to support your student’s homework assignments? Are you up to date with the latest technology? If new clothes are a need, watch for sales or online stores offering the most competitive pricing.

3. Make it a family affair


Bring the kids shopping with you and share the list with them beforehand for their input. Better yet, have them help you create it. If they want something that isn’t in the budget, offer them the option to chip in their own money.

Look at school shopping as an opportunity to get kids more involved or even suggest spending more of their own money on back-to-school supplies to help them understand wants versus needs.

4. Be mindful of impulse buying


Trendy items like the “latest and greatest” technology or fashions featuring popular cartoon characters tempt us when shopping in the store or online. Purchasing an item not planned for ahead of time is an impulse buy. As noted in the tip above, making a “needs” list can help you avoid those impulse purchases. With a plan in place, you’ll be less likely to give in to overspending.

Another way to curb impulse buying is to wait a day so everyone can have a cool head and a fresh perspective. When the temptation isn’t staring you or your kids right in the face at the check-out line, ask them later if they will use the item.

Being more intentional about impulse purchases is critical in forming a healthy attitude about money and sets kids up for long-term success.

5. Watch those credit card balances


If you use a credit card, keep a close watch on the balances. Interest rate increases will take a bigger bite out of your monthly payment. As the cost of credit increases, track your balances weekly. This can be a simple process of assembling printed receipts in an envelope after each shopping outing or regularly reviewing your account history online. This can help you clearly picture the credit card balances as they are incurred.

6. Look at the whole picture


Back-to-school expenses are only part of your financial picture. Families looking for additional support to address finances before hitting the stores this fall have options.

Our Partners at GreenPath are Here for You!


As a national nonprofit, GreenPath provides caring Financial Wellness Experts to assist in  assessing your financial situation and creating a personalized plan to achieve your goals.

GreenPath works with thousands of people each month to pay off debt, improve credit and lead a financially healthy life. It all starts with a conversation for you to create an action plan to work toward your specific goals.

GreenPath can be reached at 1-877-337-3399 (or request a call on their website) to speak with one of their financial wellness experts today. It's free, with no pressure, and 100% confidential.

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