Back-to-School Budgeting: Strategies to Save on School Supplies

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 14 August 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn budgeting and money-saving tips for back-to-school shopping to avoid debt and make the most of sales and discounts. What are the best ways to save on back-to-school shopping? How much do people usually spend on school supplies? Hosts Sean Pyles and Anna Helhoski dive into the latest NerdWallet survey results on back-to-school shopping, revealing spending habits and budgeting strategies. NerdWallet’s Sara Rathner joins the conversation to discuss the survey and provide actionable tips on saving money, avoiding debt, and making the most of sales and secondhand purchases. Then, Sean and Anna discuss recent money headlines, including jobless claims and market reactions, along with the latest developments in mortgage rates and housing trends. You can find NerdWallet’s guide to first-time home buyer loans and programs here: https://www.nerdwallet.com/article/mortgages/programs-help-first-time-homebuyers In their conversation, the Nerds discuss: back-to-school shopping, budgeting tips, school supplies, avoiding debt, money-saving tips, personal finance, credit cards, shopping habits, financial planning, student expenses, cash-back rewards, sales and discounts, secondhand shopping, inflation impact, spending strategies, jobless claims, mortgage rates, housing market trends, school budgeting, smart shopping, debt management, financial tips, online shopping, buy now pay later, cashback apps, coupon codes, price tracking, first-time home buyers, home buying tips, mortgage guide, financial news, back-to-school deals, credit card usage, debt prevention, family budgeting, and financial literacy. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Ready to launch your business? Get started with the commerce platform made for entrepreneurs.
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0:17.4	From startups to scaleups, online, in person and on the go shopify is made for entrepreneurs
0:23.3	like you sign up for your one dollar a month trial at shopify dot com slash setup
0:32.6	welcome to nerd wallets smart money podcast i'm sean piles and i'm on a hill husky Welcome to Nerd Wallet's Smart Money Podcast. I'm Sean Piles. And I'm Anahil Hoski.
0:42.0	And this is our weekly Money News Roundup, where we break down the latest in the world of finance to help you be smarter with your money. We'll go deep into a single topic and then leave you with the latest money headlines. Today, we're going back to school.
0:54.9	Well, not us per se, but more than 50 million students will be over the next few weeks.
1:00.3	And that means back to school shopping is in full effect.
1:03.7	Just like that iconic Staples commercial says, it's the most wonderful time of the year.
1:08.7	Well, not so much if you're trying to save money. Back-to-school
1:12.0	shopping can eat into family budgets, and some may even take on debt to do it. That's right. A recent
1:17.3	survey by Harris Poll for NerdWallet looked at shopping habits of parents of children in K-12 or
1:22.8	college for the 2024-2020 school year. We're joined today by Sarah Rathner, another of our co-hosts on
1:29.4	smart money, and a travel and credit cards expert for NerdWallet to talk us through the findings.
1:33.8	Sarah, hey. Hello, from the guest side of the microphone. It's actually the same as the host side.
1:40.3	Except we'll be throwing questions to you. Oh, no pressure. Let's start with some of the results of the survey.
1:45.9	One that struck me was about how much people plan to spend on school supplies.
1:50.3	More than a third of survey respondents said they would set a firm budget for back to school
1:54.4	and about the same said they'll talk to their kids about that budget.
1:58.3	But that means about two-thirds aren't budgeting or talking to their
2:02.0	kids about what supplies are costing them. Can you talk a little bit about how shoppers are
	...

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