Back To School Shopping

While I was walking through the mall last weekend I noticed that some stores were advertising Back To School sales. Considering the current economic state of affairs we should all be focusing on needs rather than wants. Before you head off to the mall with your kids you should,

Go through their closets to see what they have outgrown.
All clothing that is still in good condition can be donated to charitable organizations to help others. Some organizations will pick up these items.

Make a list of items your kids will need for the upcoming semester or school year
A list will help you stay on budget and avoid overspending

Determine how much you are willing to spend on each item and let your kids know.
I found this helpful when my kids were going to school. I told them the maximum I would pay for jeans etc., so when we got to the store their task was to find items in my price range.

Go shopping after breakfast or lunch, while their stomachs are still full.
That way you don't have to stop to buy food.

Use cash as much as possible instead of credit cards
If you're going to use a credit card limit yourself to an amount you can pay off when the bill comes. Interest payments on unpaid balances can nullify any gains you make by buying items on sale.

Your children will ask for everything their friends have, but if you can't afford to give them what they want tell them so. They will be disappointed but should be taught that they can't get everything they ask for.

Pauline Bourne, F.L.M.I.
Your Finance & Family Consultant

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