Back-to-School Budgeting: Smart Ways to Save on Education Expenses
As the new school year approaches in Ava, Missouri, families are feeling the financial pinch of back-to-school shopping. From school supplies and new clothes to technology and activity fees, the costs can add up fast. At HomePride Bank, we want to help you make the most of your hard-earned dollars. Here are smart strategies for budgeting and saving on education expenses this season:
Start With a List and a Budget - Before making any purchases, review your school’s supply list and note what your child truly needs. Take inventory of what you already have at home—many supplies like pencil boxes, scissors, or even backpacks may not need to be replaced every year. Set an overall spending limit and stick to it.
Take Advantage of Sales Tax Holidays - Missouri’s Back-to-School Sales Tax Holiday often occurs in early August. During this period, school supplies, clothing, computers, and some other items are exempt from state and local sales tax. Mark your calendar and use this time to buy big-ticket items!
Shop Sales and Use Coupons - Keep an eye out for weekly ads from local retailers and big box stores. Compare prices and look for in-store promotions—many offer doorbuster deals, coupons, or special “buy one, get one” offers during back-to-school season. Don’t forget to use online coupon codes and cashback apps for even more savings.
Buy in Bulk—and Split Costs - Basic supplies like pencils, paper, and glue are often cheaper when purchased in larger quantities. Team up with friends or family members to split multipacks and keep costs down. Consider pooling together with other parents to purchase classroom supplies in bulk.
Consider Gently Used or Refurbished Items - Not everything has to be brand new! Clothes, shoes, calculators, or even laptops can often be found gently used through thrift stores, online marketplaces, or local Facebook groups. Many retailers also offer certified refurbished electronics with warranties at significant savings.
Explore Community Resources - Local organizations, churches, and nonprofits sometimes sponsor backpack or school supply drives. Watch community calendars and school announcements for giveaways or assistance programs that help ensure every child is ready for class.
Plan for Extras - Don’t forget to budget for non-material costs like extracurricular fees, field trips, or technology access. Setting aside a small monthly amount throughout the year can help avoid last-minute scrambles when these expenses arise.
Teach Kids About Money - Back-to-school shopping is a great opportunity to involve your children in budgeting decisions. Guide them through making a shopping list, comparing prices, and weighing needs versus wants. These conversations help instill healthy financial habits for the future.
HomePride Bank is Here to Help
Looking for ways to make your back-to-school budget stretch further? HomePride Bank offers account options and personalized advice for families and students. Visit us at homepridebank.com or stop by your local branch —we’re committed to helping our community thrive.
Here’s to a smart, successful, and wallet-friendly school year!