Don’t let back-to-school clothing costs blow your budget
InvestigateTV – As families start shopping for back-to-school supplies, experts say clothing may be one of the biggest costs.
The latest Consumer Price Index report from the U.S. Bureau of Labor Statistics shows that prices for clothing and apparel are 5.2% higher than they were at the same time the last year.
Cherry Dale, a money coach at Virginia Credit Union, suggested taking stock of what you already have and budgeting for each child so you don’t overspend.
She said you can also use back-to-school clothing shopping as a lesson.
“If they’re older — like teenagers or tweens — give them a certain amount of money so they can allocate and really see how far that money goes,” Dale said.
Another tip from Dale was to spread the purchases out over the year rather than shopping for clothes all at once. Also, she said don’t be afraid to ask a retail store to price match an offer you see from a competitor.
Turning to family or friends for gently used clothes could help refresh your child’s wardrobe without hurting your wallet, Dale said.
Finally, she said to check Facebook Marketplace and even consignment stores for great values on expensive must-have fashion.
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