School supply expenses are on the rise
KETK Tyler, Tx — Parents should prepare for an expensive school year this fall. The national retail federation predicts the average family will spend almost $700 on back to school supplies this year.That's $130 more than what was spent last year.
Both students and parents are trying to shop smart this summer, looking for the best deals and creative ways to save money. Some recommend researching products before hitting the stores.
"Online, price shopping, everything.. comparing all different types of prices before you buy everything" said Laura and Sara Lusty.
And the spending doesn't stop after high school. College students also participate in the summer surge of buying. One student says she looks for deals in stores.
Amanda Donovan, a back to school shopper, said, "Clearance sections, or a lot of time it's buy one get one free, or buy one get one 50% off, a lot of Office Max is doing that kind of thing."
And retailers are responding. Walmart has cut prices on 10% of the items compared to last year. Still, the average family will pay roughly $100 for necessities like pens and notebooks.