Every year, around this time of the year, pharmacies, department stores and office supply retailers offer incredible back-to-school offers. The cost for a number of these products are in some cases so inexpensive that the shops make no cash on them. These are referred to as “loss leaders,” where if they lose money, as the expression shows, these special deals tend to draw the buyers into shops.
Not surprisingly, then, the absolute best offers – we’re talking lots of back-to-school basics for under $1, and often for as low as a cent – are usually not offered to online consumers. Sellers schedule these promos strictly for in-store consumers. This is so that when you’re physically in the shop you’re more susceptible to making unintended purchases. The technique for money-conscious customers, then, is to stay with your wish list and just purchase products when they’re marked down.
Approved, this technique is lengthy, and quite irritating to consumers who would rather make one huge back-to-school shopping journey, drop the kids off at their math tutor, and be finished with it. Your capability to make the most of these offers boils down to just how much you value your time. To obtain the very best offers, you may also need to get a loyalty card. Supplies can run out, and there might be a limit on the number of products consumers can purchase at the very low advertised prices.
For more savings, bear in mind that lots of states have tax-free shopping weekends throughout the back-to-school season, in the last weekend of July and in the very first weekend of August. Some tutors might drop their own rates (which are expensive enough!) when their work is offered over virtual tutoring services. There are so many different ways to save money on the necessities of your child’s education. Don’t forget that the most basic, no-effort method to save includes not doing anything: lots of moms and dads discover that when they wait, they can score clearance offers around Labor Day. Either that or they come across the stash of all the unused school products still in their home from two years before.
For a few statistics about how good we are at spending money on these back-to-school necessities:
- 71% of moms and dads begin their back to school shopping before the end of July (I think we’re all a little late)
- The typical moms and dad with children in grades K-12 will invest approximately $285 per child on materials for school
- 95% of K-12 moms and dads associate some of their back-to-school purchases to school budget plan cuts
- Practically 9 in 10 (87%) teachers have had to buy class materials out of their own pocket
- Almost half (45%) of K-12 teachers report that their school does not offer them all the class products they need to help them do their jobs
However if you remain in the marketplace for some of the low-cost back-to-school products, keep a look out for all the offers. For the most parts, prices tend to stay until the end of the week. But don’t worry too much if you lose out. I can promise you that a brand-new round of loss leader offers will be revealed the minute today’s advertised rates end.