Stress and spending expectations during these times are high. We can help you set a better budget.
The pandemic hasn’t slowed down average back to school spending expectations. This infographic looks at key spending expectations and offers four savvy ways to save
NO EXTRA CREDIT FOR BACK-TO-SCHOOL SHOPPING $37 billion total expected K-12 spending $71 billion total expected college spending $848 what parents can expect to spend for a K-12 child $1,200 what college students and parents can expect to spend — DEBT 1 in 3 parents expect to go into debt while shopping STRESS 67% of parents report stress from shopping 32% saying they’re seriously stressed 4 SMART WAYS TO MAKE THE GRADE 1. Start shopping earlier 51% of shoppers started in July 2. Adjust your plans 52% of K-12 students will start the school year virtually, making tech a priority 3. Shop online and save 39% of K-12 shoppers take advantage of online sales 4. See what your district offers Nearly 1 million students received tablets in California public schools — Sources : https://www.forbes.com/sites/pamdanziger/2021/08/01/back-to-school-gets-a-technology-lift-this-year-both-in-what-where-and-how-people-buy/?sh=2ddba8291d8c https://www.bizjournals.com/bizwomen/news/latest-news/2021/07/back-to-school-spending.html?page=all https://nrf.com/insights/holiday-and-seasonal-trends/back-to-school https://www.bazaarvoice.com/blog/what-back-to-school-shopping-looks-like-in-2021/ https://edsource.org/2020/california-makes-internet-enabled-tablets-available-to-nearly-1-million-students/637773 https://www.cnbc.com/2020/08/27/retailers-bet-on-longer-back-to-school-season-as-parents-postpone-purchases.html https://www.yahoo.com/lifestyle/nrf-survey-back-school-spending-184432399.html
If you need help balancing your budget during the back-to-school shopping season, talk to a certified credit counselor for a free evaluation.