At SRI Federal Credit Union, we’re here to help you make the most of your money with our Visa and account products. Here are 10 back-to-school hacks to beat inflation and make your finances work for you:
1. Set a Budget and Stick to It
Create a realistic budget for your back-to-school shopping and stick to it. Start with a list of essential items and set a target amount for each category. This will help you avoid impulse purchases and stay within your financial limits. Plus, using any of our SRI FCU Visa cards can help you track your spending easily.
2. Start Early and Plan Ahead
One of the best ways to save money is to start shopping early. This will help you take advantage of sales and avoid the last-minute rush when prices may be higher. Planning ahead also means you can use our SRI FCU Mobile App to manage your finances on the go.
3. Take Inventory of What You Already Have
Before heading to the stores, check out the inventory of supplies and clothes you already have at home. This can help you avoid buying more of what you already have and save a lot of money.
4. Shop During Tax-Free Holidays
Many states offer tax-free holidays, where certain items are exempt from sales tax. Plan your shopping around these dates to maximize your savings.
5. Buy in Bulk
For items you’ll need to buy many of, like notebooks, pens, and paper, buying in bulk can be cost-effective. You’ll generally find discounts on bulk purchases at warehouse stores and office supply retailers.
6. Use Price Comparison Tools
Harness the power of technology to find the best deals as you shop for school supplies, gear, and clothing this season. A price comparison website or app will automatically compare prices across different retailers to find the best deal.
7. Consider Secondhand Options
Thrift stores, consignment shops, and online marketplaces like eBay and Facebook Marketplace can be treasure troves for gently used clothing, backpacks, and other school supplies.
8. Choose Quality Over Quantity
While buying the cheapest option available may be tempting, investing in high-quality items can save you money in the long run.
9. Take Advantage of Student Discounts
Many retailers offer student discounts on many items, from clothing to electronics. Check out the sites of your favorite retailers to see what they offer before completing a purchase.
10. Leverage Cashback and Rewards Programs
Using an SRI Federal Credit Union Visa card can be particularly beneficial during back-to-school shopping. For example, our Visa Uchoose Rewards cards offer cashback and rewards on purchases, giving you a little extra back from your spending. Just remember to pay off the credit card bill in full to avoid interest charges.
By incorporating these tips and utilizing the financial products offered by SRI Federal Credit Union, you can navigate the back-to-school season with ease and keep your budget intact. Happy shopping!
