The National Retail Federation predicts combined spending for back to school and college is expected to reach $74.9 billion, or $669.28 per family on apparel, shoes, supplies and electronics, up 5 percent from last year. That’s quite a bit of money for many Oklahoma families, so it’s best to try and make that dollar amount stretch as much as possible.
Here’s a tip from Oklahoma CPA’s on a way to ace the budget:
Buying isn’t the only option.
College students can often save money renting textbooks or buying ones that have already been used. They can also earn money back by selling unwanted books at the end of the semester. Something to also consider is using digital textbooks when available. You’ll save money and room in your backpack. Also consider the free pens, pencils, notepads and other items you may get from vendors or during conferences that could be used for school supplies, especially if these things are just collecting dust in your office.