back to school savings- 5 ways to save money (2024)

Heading back to school can cost a fortune, especially if you have more than one child. Most families are already stretched to their financial limit after Christmas and the back to school shopping can really break the bank. With your purse strings in mind, we look at the best back to school savings and ways to save money where you can.

Contents

Here are 5 ways to save money when heading back to school

Back to School savings step 1- Sort what can be used from last year

You would be surprised what can be saved from last year. Here is a list of things that can be reusable:

Uniforms- Check the hems of any skirts or dresses and see if they can be let down. Most of them have a very generous hem, for this reason, so don't get rid of them too quickly. If they are definitely too small can they be put away for another child? Even if it's a few years away, hang on to the uniforms because you'll need them eventually!

Shoes- Check if their shoes still fit. Chances are (especially with teenagers) you might get another year out of them. Even if you are only going to get another term, keep them and defer the cost of one of the most expensive back to school items. If they are still in good condition can you pass them on to a younger child?

Stationery- Before you go out and buy everything again, make sure you do a stationery inventory of all the pencil cases. Save all working markers, highlighters and pens, sharpen blunt pencils and set aside rulers, rubbers and sharpeners that can still be used. Chances are there are a lot of things still usable from last year. Also, check with the school for their stationery list so you don't buy unnecessary products.

Textbooks- If you have high school aged kids then textbooks prices are a killer! Double check if any books are for two years rather than one. Many are for the stage rather than the year, so year 7 and 8, year 9 and 10, and year 11 and 12. Don't accidentallydouble purchase (I've been guilty of this!)

Back to School savings step 2- shop secondhand

There is nothing wrong with secondhand so make sure you buy used when you can.

Uniform stores- They will always have a secondhand section so make sure you ask before you buy full price. It's usually a saving of at least 50%.

Facebook groups- There will most likely be a local uniform buy/swap/sell facebook group for your area where people post their secondhand uniforms for sale. Make sure you look at these too.

Friends- Ff you have friends whose children attend the same school a few grades up ask them if they are selling any uniforms or textbooks before you go shopping.

Sustainable School Shop- The SustainableSchool Shop is amazing. It's where I buy all my teenagers' textbooks. For a $20 a year membership you can list books and shop for them. They also have a uniform sectionthat's worth checking out. www.sustainableschoolshop.com.au

Back to School savings step 3- shop the sales

Ways to save money include shopping around for the best deals when you are back to school shopping. Many shoe shops offer deals such as 'buy one, get 50% off the second' when it comes to school shoes. for those of you shopping for more than one child these are well worth seeking out. If you only have one child, buddy up with a friend and split the savings- you'll both get shoes for 75% of the original price.

If you need labels for school most label companies will have a back to school bundle so make sure you shop smart and do your research to see who is offering the best deals. While it's not super cheap, I've shopped at Stamptastic for a reusable stamp so I don't have to buy multiple labels. If you have several children you can just get your last name and phone number on the stamp so you can use it for all the kids. This would save a massive amount. An added bonus is that you won't need to sew any name tags so worth every cent!www.stamptastic.co.uk

Back to School savings step 4- know when to spend and when to save

Some school stuff is worth spending decent money on, and some can be substituted for a cheaper item.

Things to spend on:

Shoes- school shoes are pricey for a reason. Your child will spend more time in these than any other shoe and poor quality shoes can cause big foot problems later on. So, while those $20 Aldi or Kmart shoes might look tempting, you need to pay the money for the quality and the professional fitting. Sorry! (in saying that, if you get to term 4 and your child has grown out of their shoes, buy the cheap pair to finish the year out and start fresh in January the following year).

Equipment/stationery- there are some things you can't buy the home brand version on- and one of these is glue! it's UHU or nothing! The rest doesn't even stick and your teacher will not be in a forgiving mood! Also get decent colouring pencils and pens.

Things to save on:

Uniform- If you can find parts of your uniform at places like Big W, Target or Kmart then buy them from there instead of your uniform shop. Often you can find the coloured polo shirts, netball skirts, grey shorts, white or blue school shirts etc at these shops in January and you'll save a fortune. Just check first if you school one has a logo or not. www.next.com.aualso has a good school's basics range from a great price.

Stationery and books- If you need writing books, paper, pens etc then don't go spending a fortune. Kmart has a fantastic (and super cheap) range of back to school items. After all, a ruler is a ruler!

Back to School savings step 5- buy what they need, not what they want!

Kids can get carried away when you take them back to school shopping. They will see every shiny, fluffy, sparkly thing you walk past and they will "neeeeeddd" it. This especially happens when they are a little older and there is a trend. These little things all add up so come up with a compromise with them. They can't do their whole shopping at Smiggle but they can choose their pencil case or some markers. Find out the one thing they really want and agree to it, but the rest is budget products only. They may not be pretty but they do the job!

Hopefully, these tips have given you some ways to save money this January! Make sure you let me know of any great sales or bargains you encounter too!

If you like this post make sure you pin it for next time!

back to school savings- 5 ways to save money (2024)

FAQs

What are the 5 steps to save money? ›

5 simple steps to start saving
  • Set one specific goal. Rather than socking away money into a savings account, set specific goals for your savings. ...
  • Budget for savings. Just because you decide to save doesn't mean it's going to happen. ...
  • Make saving automatic. ...
  • Keep separate accounts. ...
  • Monitor & watch it grow.

How can I save money on back to school supplies? ›

Sign-up here.
  1. Pay with the right credit card. ...
  2. Make a list — and think twice about each item. ...
  3. Buy used or refurbished items. ...
  4. Go through a shopping portal. ...
  5. Take advantage of coupon codes. ...
  6. Use browser extensions to compare deals. ...
  7. Take advantage of student discounts. ...
  8. If you live in certain states, shop on sales tax holidays.

How to save money as an 11 year old? ›

Children can learn the importance of living within their means, which is one of the basic tenets of saving.
  1. Discuss Wants vs. Needs. ...
  2. Let Them Earn Their Own Money. ...
  3. Set Savings Goals. ...
  4. Provide a Place to Save. ...
  5. Have Them Track Spending. ...
  6. Offer Savings Incentives. ...
  7. Leave Room for Mistakes. ...
  8. Act as Their Creditor.

How to save money as a 14-year-old? ›

How to save money as a teenager:
  1. Open a savings account.
  2. Separate spending and savings money.
  3. Keep track of purchases.
  4. Think twice before buying.
  5. Start budgeting.
  6. Do chores to earn more allowance money.
  7. Getting a summer or part-time job.
  8. Set a savings goal.
Jul 10, 2023

What is the rule of 5 savings? ›

How about this instead - the 50/15/5 rule? It's our simple rule of thumb for saving and spending: aiming to allocate no more than 50% of take-home pay to essential expenses, 15% of pre-tax income to retirement savings, and 5% of take-home pay to short term savings.

What are 6 ways to save? ›

Here are some tips for getting into the habit of saving.
  • Set goals. Set savings goals that motivate you, like saving up for a house or going on a dream vacation, and give yourself timelines for reaching them.
  • Budget. ...
  • Cut down on spending. ...
  • Automate your savings. ...
  • Pay off debt. ...
  • Earn more.
Feb 14, 2024

How can I make money back to school? ›

Make Money on Freelance Gigs
  1. Tutor. If you excel in a particular subject area, share your knowledge with other students to help them excel as well. ...
  2. Write, edit and proofread. ...
  3. Transcribe. ...
  4. Walk dogs. ...
  5. Babysit. ...
  6. House sit. ...
  7. Do yardwork. ...
  8. Drive for a delivery service.
Mar 28, 2023

How can I save my school budget? ›

These 10 strategies for cutting costs allow you to ensure your school budget is under control and costs are kept low without sacrificing your school operations quality.
  1. Understand your school budget. ...
  2. Automate where possible. ...
  3. Reduce paper usage. ...
  4. Shift to preventive maintenance. ...
  5. Rent out facility space. ...
  6. Outsource when needed.
Apr 21, 2023

What should a 13 year old be saving for? ›

Older children and young teenagers are more likely to want to save up for clothes, online games, apps, books, magazines, and outings with friends. They may also save money for bigger items like a new bike or games console.

What to save up for as a 12 year old? ›

20 Long-term saving ideas
  • Driving lessons.
  • First car.
  • Car insurance, tax and servicing.
  • University fees.
  • Living expenses at university.
  • University books, equipment and resources.
  • Tutoring.
  • Moving out of home costs.
Nov 13, 2022

How to budget at 18? ›

Money experts suggest using the 50/30/20 rule as you plan your budget:
  1. 50% on necessities like gas, rent, food, credit card payments and other debt, etc.
  2. 30% on lifestyle choices like getting a gym membership, eating out, and going out with friends.
  3. 20% on savings.

How can a 14 year old make 1000 dollars? ›

Some of our top ways to make money at 14 years old include:
  1. Babysit.
  2. Help out at home.
  3. Start a blog.
  4. Wash cars.
  5. Sell old clothing online.
  6. Freelance writing.
  7. Tutoring.
  8. Make and sell things.
Feb 6, 2023

Should a 15 year old save money? ›

Saving as a teen is a great way to build good financial habits early. If you start budgeting, saving, and spending responsibly now, you'll be in a great position when you move into adulthood. Teenagers want to do many experiences, and most of them need to be paid for.

What is the 3 saving rule? ›

This model suggests allocating 50% of your income to essential expenses, 15% to retirement savings and 5% to an emergency fund. This plan allows you to meet your immediate needs and plan for the future before you spend on anything else.

What is the 5 savings challenge? ›

The fiver challenge - save £7,000

This challenge works the same as the 52 week challenge, but you go up in multiples of £5 rather than £1. So week one = £5, week two = £10, all the way up to week 52 at £260. Alternatively, if you're not in the position to save these larger amounts, you could save £5 every week instead.

What is the 5% rule for saving? ›

It's our simple guideline for saving and spending: Aim to allocate no more than 50% of take-home pay to essential expenses, save 15% of pretax income for retirement savings, and keep 5% of take-home pay for short-term savings.

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