Maximizing Savings: The Best Time to Make Back-to-School Purchases
With tax-free weekend for school supplies approaching, it may seem like the perfect time to stock up on everything your kids need for the upcoming school year. However, experts suggest that having a little patience when making certain purchases could lead to significant savings.
According to Nerdwallet, parents are expected to spend an average of $541 this year to prepare their kids for school. To make the most of your budget, it’s important to time your purchases wisely.
So, what items should you wait to buy?
Experts recommend holding off on purchasing school clothes as they typically go on clearance right after Labor Day. Similarly, basics like notebooks, pens, and pencils usually see deep discounts in September, so it might be wise to buy only what you need now and wait for the rest.
On the other hand, now might be the right time to invest in tech items. Back-to-school sales often offer significant discounts on computers, making it a good opportunity to upgrade your child’s technology devices.
When it comes to items like headphones, it’s better to wait. Not only do these items often go on sale later in the season, but it’s also important to ensure you’re purchasing the right product. Some teachers have specific requirements for headphones in the classroom, so it’s best to find out these guidelines before making a purchase.
By strategically timing your back-to-school purchases, you can maximize your savings and ensure you’re getting the best deals on everything your kids need for the school year.