| August 8, 2011

Consolidated Credit Urges Parents to Take Advantage of the 2011 Tax Holiday for Back-To-School Shopping

The Florida sales tax holiday for 2011 will start at 12:01 a.m. on Friday, August 12 and end at midnight on Sunday, August 14. During this time, consumers will be exempt from the 6 to 7 percent sales tax on clothing, school supplies and certain accessories. Exemption applies to school supplies under $15 and clothing under $75. Consolidated Credit recommends parents of school-aged children to take advantage of these savings.

Back-to-school is the busiest shopping season right after the holidays. According to a survey conducted by the National Retail Federation, nearly half of all U.S. consumers say they’ve become more practical in their purchases. Consumers are now buying what they need instead of what they want.

Money is becoming a top priority for shoppers, especially with the current economic outlook. For parents of school-aged children, it’s important to set a budget and plan out what the necessities are. It will set a prime example for children in their future spending habits.

Consolidated Credit has shopping tips to make back-to-school season a little easier and cheaper for parents.

Elementary School

  • Supplies: Buy the basic school items in bulk. This includes crayons, paper, pencils, erasers, even tissues and hand sanitizer. Things like sunscreen or brown bags for lunch will also last throughout the school year.
  • Clothing: Kids aren’t too picky at this age. Get them some clothes that look nice, but are cheap. Look on clearance racks for extra deals and savings.

Middle School

  • Supplies: The supplies for middle school students all depend on what their teachers want. Of course, get the basic school supplies like paper and pens, but also wait until the first few days to finalize what miscellaneous items you might have to get.
  • Clothing:During this age, kids tend to grow fast. Don’t buy tons of clothes that may fit in the beginning of the school year and seem two sizes too small half way through the term.

High School

  • Supplies: Aside from the basic school supplies like pens and paper, let your child decide what they need for their classes. Don’t buy things that may not be used. Much of the work will be done in workbooks or online. For specific novels, head to a local library to borrow a book for free.
  • Clothing: Give a certain shopping budget for high school students. Let them buy whatever they prefer as long as they stay within their limit. Thrift store shopping is getting more popular among teens since it’s cheap and lets them develop their own style.

For more tips to save during back-to-school shopping, use Consolidated Credit’s Prioritize, Research, Plan, and be Realistic method, or visit www.ConsolidatedCredit.org for a free budget analysis.
Consolidated Credit, founded in 1993, is one of the nation’s largest credit counseling organizations in the country and has helped over 5 Million people with financial issues. Their mission is to assist families throughout the United States in ending financial crisis and solving money management problems through education and professional counseling.

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