Top Tips for Saving Money on School Essentials

Education SavingEven though school has been well under way for some time now, families may still find themselves purchasing school essentials for their kids. It’s hard to know exactly what supplies your child will need before the school year starts, which is why many families shop for school supplies year-round. While school shopping can be fun, it can also be a stress financially.

Aside from basic items like pencils, pens, and paper—which can be really inexpensive—must-have items such as clothes, headphones and laptops can bust the budget. And it all adds up, especially if you’re buying school supplies for more than one child.

Whether your kids have entered kindergarten, high school, or started their post-secondary education, you don’t need to break the bank to get everything on their school shopping list. In fact, there is a number of great money saving strategies that can help you become a savvy shopper.

Make a List

Start at home by making a list of everything your child needs. Chances are good that you already have a lot of school supplies lying around the house or that you have already purchased some of the must-haves for your child before school started. Pens, pencils, markers, erasers, rulers, notebooks, binders, calculator, crayons, and art supplies are the main supplies. Making a list and checking at home will prevent you from buying something you already own.

Shop at Thrift Stores and Garage Sales

Thrift stores and garage sales are a great money-saving tip for finding awesome deals on school supplies. Backpacks, clothing, school supplies, and even laptops can be bought for a song at garage sales. On top of that, you can find great bargains at thrift stores. And don’t forget about dollar stores! They have virtually everything you need, all year-round, for about a dollar.

Set a Budget

Include your kids in setting a budget and stick with it. This is a great way to show them how far money can go. They might want a Justin Bieber backpack, a specific logo on their shirt, or be seen with popular, licensed merchandise, but that can make a huge dent in the school supply budget.

Use Coupons

Coupons are a great money-saving or budget-stretching way to get all your school essentials. Look for coupons in newspapers and flyers and check out online coupon sites. You don’t even need to go to the store in question to get the deal—keep in mind that stores like Walmart have price and coupon matching deals.

Buy in Bulk

Buying in bulk is another great way to save money on school shopping. When you see a sale, buy enough pens, crayons, paper, and glue to last the year. You may not need 5,000 sheets of paper or a 100-pack of pens, but you might be able to pool your supplies together with a friend and split everything up equally.

Shop with Cash, Not a Credit Card

Those who pay for school supplies with cash tend to pay more attention to their budget than those who use a credit card. Seeing the cash leave your fingers helps you to keep an eye on your spending and stay within your budget.

Global RESP Corporation (GRESP) Helps Canadians Save for Post-Secondary Education

GRESP is a leading provider of Registered Education Savings Plans (RESP) in Canada. Founded in 1998, GRESP is one of the fastest-growing companies in the RESP industry, with offices in British Columbia, Alberta, Ontario, and Quebec, and hundreds of independent representatives across the country.

We are one of the few companies that administer all provincial and federal grants available; we are also the primary distributor of the Legacy Education Savings Plan and the Advanced Education Savings Plan (sponsored by the Global Educational Trust Foundation and offered by Full Prospectus through registered Dealing Representatives).

The dealing representatives at GRESP are here to help you save for your child’s post-secondary education, maximize all grants, build financial stability, and ensure your investment in a RESP is secure and growing.

If you’re interested in finding out more about government grants or getting started with a RESP Plan, find a Global RESP Corporation dealing representative in your area. Or fill out a form and a Global RESP Corporation dealing representative will contact you.