20/20 Posts of the Week-$350 on School Supplies?

School suppliesThere was an article on the front page of our local newspaper this week about the Good Samaritan Center, which is a food pantry that distributes to the needy.The article said that right after school starts, they have a huge increase in demand because people spent their money on school supplies and can’t buy food.

There are about a million things wrong with this picture. I realize that most people want their children to show up on the first day of school with the recommended supplies, but I also heard another statistic on the radio this week that said the average amount spent on each child for back to school in the US is $350!

I did buy all the recommended school supplies for my daughter and spent less than $20. We didn’t buy a new backpack or any clothes other than a couple of pairs of pants at Target and a few headbands. Adding that to the supplies, we are still under $100. Even if your kids need new clothes, there are a ton of thrift stores or yard sale options. If you did buy new, all they really need is a few t-shirts and a couple pairs of pants. Where is the other $250 being spent?

I know for a fact that there were at least three local charities that were giving away school supplies. One even held a back to school bash at the rec center where low income families could receive a backpack full of school supplies, win prizes, and even get a free haircut. It might be embarrassing to ask for free stuff, but isn’t that what you do when you go to the food pantry? 

I think the real problem is that we get carried away when we see all the back to school displays at the store. Kids see the One Direction lunch box or the Hello Kitty day planner and want it all. Parents get caught up with all the cute clothes. Before you know it, you’ve spent $300 and now can’t buy groceries.

Public school is actually very cheap. You would never have to spend a dime if you didn’t want to, and sadly, there are many parents who don’t. I wouldn’t want my child showing up on the first day with too short jeans and no supplies, but you don’t have to blow all your cash and end up at the food bank either. It all comes down to those basic financial rules that will save your butt every time; budgeting, knowing wants vs needs, and spending less than you earn. If only they taught that in school…..

Giveaways

Debt Roundup is celebrating one year of blogging with $100 giveaway as well. Congratulations!

Mentions

Thanks to these fine bloggers for sharing my posts this week. An extra box of #2 pencils to everyone!

Frugal Rules, Vanessa’s Money, Young Adult Money, The Frugal Farmer, Ready for Zero Blog, Make Money Your Way, Debt Roundup, and Streets Ahead Living

20/20 Posts of the Week

5 of My Small Business and Website Failures at Young Adult Money. Why is it fun to read about someone’s failures?

How to Change Your Life Forever at Krantcents. Success is a habit!

Why Won’t You Tweet My Post? at Luke 1428. Share the Twitter love, people!

When We Knowingly “Over Pay” at Planting Our Pennies. As a small business owner, I hope you over pay.

A Career in Sales Isn’t For Everyone at Club Thrifty. Here’s to admitting that before you were too invested to quit.

Have a good weekend! How much did you spend on school supplies? 

Image: Freedigitalphotos.net/photomyart

 

 

 

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Comments

20/20 Posts of the Week-$350 on School Supplies? — 12 Comments

  1. One thing to keep in mind is that even through the school bookshop will normally sell all of the required books and stationary, it’s often cheaper to go to the nearest big-box store to take advantage of some ridiculously low priced loss-leaders. My nearest store always has a 5-pack of lined school books (used in nearly every subject) for 5 cents! This compares to a few dollars each buying directly from the school.
    Financial Independence recently posted..Motif Investing ReviewMy Profile

  2. WOW $350 seems a bit high but not surprising these days at all. I remember when I was younger most things were provided for me but that’s not the case any more. Just another good reason to have projected expenses in the budget so a family can save all year for back to school if they can do that. Not everyone can. Have a great weekend Kim. CBB
    Canadian Budget Binder recently posted..PF Weekly grab a brew #35: Labour Day Weekend…Back to school!My Profile

  3. Maybe they fold in regular purchases like fall/winter clothes and shoes? Could that be it?
    I admit spent around $80-90 on lunch bags and boxes for my 2 kids starting school - I hate the cheap flimsy Disney stuff and prefer to spend more on good quality ones. But that was basically all the “pure” back-to-school stuff. If I had counted the winter jackets and a few sweaters, etc it would have added up to more I am sure (still not $350 since we get so many used clothing from friends with older kids that we hardly need to buy them stuff)

  4. Ok. Not sure where u live but $20 would not even buy me the glue sticks required for my ki let alone 12 duo tangs, 24 notebooks, 2 pkgs markers, 2 ok gas pencil crayons, 1 scrapbook large…etc etc for another 36 items. Does your school supply items perhaps and that is why it costs so little? I’m not saying $350 is the norm but certainly $100-125 is. Ther is no way, not even bulk shopping at Costco that I could get all the supplies for $20.
    Crystal recently posted..Back to School Meal Prep #freezercookingMy Profile

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