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Back To School Breaking The Bank

Tools

By KMVT News

Twin Falls, Idaho ( KMVT-TV / KSVT-TV ) Summer is coming to an end, which means school is just about to begin.

But with rising prices in the school supply section, has it become more expensive to send your children back to school?

According to The Chicago Tribune, families are expecting to spend more money on school supplies this year.

Ruth Pierce, a CPA Certified Accountant, says that compared to last year, elementary costs are up five percent, while middle school is up 20 percent and high schools are up five percent.

She also tells us that wages increased only by about two percent from last year.

Families compared to past years have less discretionary income because of paying for health care and extra taxes.

So, how can you save money?

By shopping sales and utilizing school resources.

"Shop sales obviously. I know there are some avenues for getting donated supplies. I know that if you contact the school, sometimes they have people that provided supplies, so there are options but definitely hit the sales," Pierce explains.

The Chicago Tribune states that more than a quarter of families plan to take advantage of late-summer deals.

They'll shop one to two weeks before school starts, up from 21.8 percent who did so last year.

However, the early birds stocking up more two months before school starts have dropped.


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