CHICAGO – If your plans for this weekend don’t include back-to-school shopping, they should.
This Friday kicks off Illinois’ sales tax holiday on school supplies. That’s where you can buy certain clothing and school-related items at a reduced sales tax rate.
It’s being dropped five percent — from 6.25 percent to just 1.25 percent until August 15.
In a FOX 32 Special Report, we take a look at a few other ways you can save some big bucks while getting your kids ready to go back to school.
This year, parents are expected to spend just over $800 getting their kids ready to go back to school. If they are in college, the national retail federation’s latest survey says it will cost more than that.
“You can take some of the sting out of inflation by earning more money back on your purchases. It really begins by using the right credit card,” said Andrea Woroch.
Woroch is a consumer finance expert. Besides maximizing cash back rewards on your credit cards, she says there is an important step to take before you do any shopping.
“The first thing you want to do is shop at home,” Woroch said. “Chances are you have supplies left over from last year that can be used for this year. Or maybe even just get you through the first few months.”
Woroch says some consumers simply don’t realize what they have left over from last year, or they forget.
By shopping at home first, she estimates consumers could reduce their back-to-school costs by about 30 percent.
“If your kids push back on using stuff from last year, this is a great time to teach them a basic budgeting lesson,” Woroch said. “Show them that if you save on these supplies,…
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