Small Business


Intellectual Property

*Supplements for specific legal matters can be added at any time when you choose the monthly subscription option only. Supplements are not available on the annual subscription option at this time.

Monthly and annual membership fees paid for the current membership period are non-refundable and the contract remains active until the end of the Eligibility Period.

Affordable Legal Help For Everyday IssuesInfo icon

 August 10, 2022

4 Inflation Tips for Navigating Back to School Shopping

Mom typing on laptop and daughter coloring at kitchen table

School is officially back in session or just around the corner for many American students, and families are feeling the stressful surge of inflation as they head to big retailers for pencils, backpacks, and other classroom needs.

According to a national survey from real estate and retail management firm JLL, more than half of families plan to cut down on back-to-school spending because of the high prices. However, even so, The National Retail Federation estimated that back-to-school spending will increase 36 percent this year compared to 2019.

Rising inflation and its impact on back-to-school shopping

The national survey from JLL shows that, out of 1,001 parents of school-children in mid-June, the average back-to-school budget is $339 per child this year, up from $332 in 2021.

There’s no question that Americans are feeling the stress of inflation, and everyone is trying to find ways to manage their money and minimize costs. Now, the spiking costs of consumer goods like clothes, school supplies, bags, etc., are putting parents in a pinch.

4 tips to avoid high inflation prices on back-to-school spending

Even in the best economy, back-to-school season can place a demanding financial burden on parents. So how can you dodge inflation and stay within a reasonable budget this year? Let’s break down 4 tips on how to prevent overspending on school supplies.

1. Take advantage of every discount you can

Certain retailers have limited-time special discounts for back-to-school shoppers and college students. Consider taking part in retailers’ rewards programs too, especially if you already plan to shop there. But be sure to read the fine print, or even better, review the agreement with your lawyer before signing up.

2. Timing matters

Remember that you don’t have to get every single item your kid needs on the first day of school. Pick up the necessities first, and you can get everything else throughout the school year as needed. Holidays like Labor Day and sales tax holidays can bring big sales, so watch out for that too.

3. Consider ways to not overspend

Think about swapping used supplies and clothes with neighbors and friends, or checking out used backpacks and clothes from local shops. Goodwill, Plato’s Closet, Buffalo Exchange – all have used, good-condition fashion pieces and bags.

4. Take the time to go through what you already have

Many Americans buy all-new supplies like pens, markers, highlighters, etc. when they already have these items around the house that their kids can use. Take some time to vet through your kid’s checklist and shuffle up some supplies from home before dropping pretty pennies on unnecessary supplies.

Talk to a lawyer about how to navigate an inflated economy

During tough economic times, it’s most important to have the right protection in place and understand how to best maximize healthy financial stability. As inflation rises, so do more instances of consumer finance-related legal issues. Talk to a lawyer to discuss any legal concerns you have.

Pre-Paid Legal Services, Inc. (“PPLSI”) provides access to legal services offered by a network of provider law firms to PPLSI members through membership-based participation. Neither PPLSI nor its officers, employees or sales associates directly or indirectly provide legal services, representation, or advice. The information available in this blog is meant to provide general information and is not intended to provide legal advice, render an opinion, or provide any specific recommendations. The blog post is not a substitute for competent legal counsel from a licensed professional lawyer in the state or province where your legal issues exist and the reader is strongly encouraged to seek legal counsel for your specific legal matter. Information contained in the blog may be provided by authors who could be a third-party paid contributor. All information by authors is accepted in good faith, however, PPLSI makes no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of such information.


Related Content

Happy bride and groom on their wedding day

What Do You Need a Wedding Contract For?

You and your partner have decided to tie the knot! You feel like you’re floating as you begin the process of finding the perfect venue and vendors for your wedding day. From location and clothing to food and music, you know everything is going to be perfect. But soon,...

Bride-to-be wearing a veil wondering if she needs wedding insurance

What Is Wedding Insurance? Why Do You Need It?

Picture this: You’ve rented a beautiful venue for the wedding of your dreams. You arrive the day before your wedding to decorate and make it perfect. But you discover that the kitchen flooded overnight! You bring in some fans and try to make do. Later that same day, a...