As the new school year begins many panic-stricken parents are trying to find ways to satiate their kids' cravings for the newest, most-expensive brand name clothes and accessories. In fact, the average family, with school-aged children, plans to spend close to $600 on back-to-school purchases this year, according to a National Retail Federation (NRF) survey. And back-to-school spending for parents with grade school children is expected to reach a total of $20.1 billion this year.
However, for some families, spending a lot of money on their kids for school is not an option. More parents are on the hunt for good bargains and sales. NRF reports that 73 percent of parents surveyed will head to discount stores instead of department stores for their back-to-school purchases.
"This year's back-to-school shopper is a bargain hunter at the core," says Phil Rist, vice president of Strategy at BIGresearch, in a NRF report. "Though parents want to make sure kids are fully prepared for school, they will compare prices?before making any big purchases."In order to help parents save a few bucks on back-to-school items, Consumer Reports.com created three money-saving shopping tips:
Parents can also use their Economic Stimulus Payment check -- the government distributed the checks earlier this summer -- as way to fund a back-to-school shopping trip. Most tax-payers with children should have received at least $1,200 from the Internal Revenue Service (IRS). But, continue try to be frugal while spending and remember, you'll just have to do it all over again next year.
For more information about shopping and discounts visit Military.com's Shopping channel.
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