Saving: tips for parents to save on back to school – Personal Finance – Economy

Saving: tips for parents to save on back to school – Personal Finance – Economy

According to figures from the National Federation of Business Merchants, Fenalco, the second school season of the year represents 15 percent of the annual sales of school supplies vendors.

Furthermore, the average of Expense for the season is $350,000, not including texts or books, and can go up to $412,000. That is why there are several tips that you can follow to save on the school return of the second semester.

Fenalco points out that: for preschool the cost could be around $360,000, for primary school $222,000 and for high school the level of spending could be an average of $412,000.

TO the rise in the price of the dollar, inflation, the global shortage of raw materials, the cost overruns in transportation and logistical pressures that have directly impacted the manufacture, distribution and marketing of these products, we must add a 15 percent increase in sales compared to months like March, April and May, according to Dane.

During this time, families must balance vacation and academic expenses and therefore must distribute their budget and take advantage of the offers of the school season.

It may interest you: Why will the price of school supplies go up to 18%?

Assorted school supplies are offered by merchants in San Victorino.

Photo:

Cesar Melgarejo. TIME.

take advantage of the premium

As at the end of the year, at this time many formal workers receive the premium for services, an extra income that, in a portion, It can be used to buy school supplies.

In this way you can cover the additional expense and avoid asking for bank loans or overdrawing your credit card.

Another option that can serve as savings is to use resources such as layoffs for this way of reducing the impact of the cost.

Make a list

To prevent oversight and also to prioritize resources, BBVA experts recommend making a list before buying.

Only then will you be sure que is necessary, what is negotiable, what can be reused or avoid buying to have excess.

If you start to look at cutting costs when it comes to building your list, you can also make the most of available resources.

The School Fair begins in San Victorino and parents take advantage of these days to shop for school supplies for 2023.

Photo:

MAURICIO MORENO WEATHER

make trades

If you use digital resources, such as e-books, you can avoid spending more on buying new texts.

But also after finishing the semester you can use those books, such as language books, to sell or exchange with the next level.

Keep in mind that Libraries also have book exchange days, hello that allow you to search for texts that you need and leave in their place others that you no longer require.

divide the expenses

Just as payments can be deferred, partnering with other parents at the school or with relatives and buying supplies in bulk and then dividing them, it is an option that many parents consider.
The more items purchased, the lower the prices.

Take advantage of seasonal discounts

With the change in the academic calendar, supermarkets and various businesses have established agreements with educational entities to make discounts.

Ask the educational institution if there are places where price benefits are obtained and the requirements to access them are adequate.

These discounts are applied, mostly in the purchase of school texts and electronic devices.

If you have questions or comments or you want us to write a topic for you, send an email, very specific and without attachments, to laules@eltiempo.com.

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By Mitchell G. Patton

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