smart spending

6 tips for frugal back-to-school savings

Make a list
Make a list

Rowley recommends using your clothing inventory as a start to back-to-school savings by creating a shopping list from it of what you need to buy.

"For clothing, focus on five to seven well-made, easy-care basic items and change the look by mixing in a few less expensive pieces," she says.

A wardrobe for a girl might include two pairs of jeans, a pair of khakis or black pants, two shirts, a sweater, and a skirt or a dress in a basic color. Mix in low-cost, colorful T-shirts, tank tops to wear under the shirts, scarves, tights and belts, Rowley says.

"Kids usually don't outgrow the accessories," she says. "Also, look for summer pieces -- maybe a short-sleeved dress that can stretch into next season by adding leggings and a sweater."

Use your list as a checklist while shopping. You don't want to wander into a department store without a back-to-school saving strategy and watch your child fall in love with a $60 T-shirt, Rowley says.

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 4.25%  0.18 4.43%
15 year fixed 3.21%  0.04 3.17%
5/1 ARM 3.56%  0.35 3.21%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.35%  0.01 4.34%
50K FICO-based HELOC 4.06% --0.00 4.06%
100K FICO-based HELOC 3.91%  0.02 3.93%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.69% --0.00 2.69%
48 month used car loan 2.92% --0.00 2.92%
60 month new car loan 3.18%  0.01 3.17%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.91%  0.01 0.90%
2 Year CD 1.10% --0.00 1.10%
5 Year CD 1.77%  0.04 1.81%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.70%  0.02 15.72%
Cash Back Cards 16.40% --0.00 16.40%
Low Interest Cards 10.86% --0.00 10.86%
 
Next
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us