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:
Consider student discounts and buying used.
Many large retailers such as Microsoft, Apple, and dell offer deals for students. You might consider doing some research for such deals before making any major purchases. Additionally, compare prices of new versus used or refurbished computers, laptops, smart phones, scientific calculators, tablets, etc. Often buying a refurbished model is better because the kinks have been fixed.
For more money tips, visit www.KnowWhatCounts.org, where you can sign up for a free e-newsletter, try out financial calculators, or ask a CPA a question.