Back to school for parents Saint-Jérôme QC
Back to school for parents
By Sally Muscott
(NC)-Back to School means back to school shopping, and if you're not careful, you can end up spending thousands of dollars outfitting your kids for the coming year. Canadians spend nearly $2 billion annually on back to school shopping - is there any way to avoid breaking the bank?
Derek Szeto, founder of Canada's leading bargain-hunting website, RedFlagDeals.com, thinks there is. "Comparison shopping is one of the most effective ways to save money and RedFlagDeals.com gives Canadian shoppers the opportunity to easily find those back-to-school deals."
Before you even start shopping, don't forget about the three Rs: reduce, reuse, recycle. Do last year's soccer shoes still fit? Has Mary grown into her big sister's wardrobe? Even going through a child's own closet to determine what they have and what they actually need - rather than just shopping blindly - can be a huge money-saver.
Once you've figured out what you have, figure out what you need. Create your shopping list as soon as possible so you can stock up on school supplies and other necessities as they go on sale over the course of the summer.
If your kids are a bit older, why not give them a budget to work with? Maybe they want to spend $150 pair of jeans in the store, but if they only have a budget of $175 for clothes, they'll start to realize that they have to prioritize and make good choices with their cash. Letting your child choose where to splurge and where to save will provide the child with a sense of autonomy, maturity, and a great life skill. (A quick budget tip: use prepaid cash cards, which can be loaded with the exact budget amount - and not a penny more).