Thanks to the coronavirus pandemic, more and more families are finding themselves helping their children learn at home. Because of this, they might find themselves having to budget in new ways to accommodate.
Here are 5 back-to-school savings tips to help you along the way:
Instead of selling off any clothing or school supplies, consider swapping them out instead. Many families are going to find themselves in a similar situation as you, and it can be a lot easier to simply swap out those items instead of selling them and trying to find and purchase something new, often at a higher cost.
If you have no friends or family nearby to consider making that kind of swap with, you can search online for trade-and-swap sites to find people who would like to do the same.
Because of the ongoing pandemic, there are more and more resources popping up to help families get by, especially when it comes to school. There is a wide variety of programs in different states that offer free and discounted resources for the school year.
One example is everyoneon.org, which offers free and low-cost computer and wi-fi resources that are based on your income level, number of students in your household and zip code.
Instead of purchasing new technology to use at home, you should look into buying refurbished items instead. These are often offered at much lower prices and discounts, and are usually just as good as a brand new item. Not only that, but many schools are also providing free technology to students, such as Chromebooks.
Don’t be afraid to take advantage of these deals even if you feel like you can afford to purchase brand new.
A surprising area to find a little extra money is by taking advantage of credit card rewards. First, you can look into your existing credit cards to see if they have a cash-back reward option. You might find a little cash you never knew existed by doing so.
You can also qualify for new credit cards that might offer a big bonus right up front. Just be careful not to overuse them.
You never know what life might throw at you, so while you’re stuck at home more, this is a fantastic time to look through your budget and figure out what you need, and what you don’t need.
For example, if your child is going to be spending more time at home, you can save money by purchasing less clothing, and only purchasing school supplies that you know you’ll actually use.