How to Save Money on Back-to-School Shopping

Are you shopping for back-to-school gear? You’re not alone – 29% of surveyed parents said they’ve already started, according to a recent Morning Consult report.¹ Many parents are anticipating spending at least $250 on school needs this year. 

Here are some tips to maximize your back-to-school dollars:

• Do your homework before you shop: What’s your budget? What new items are truly needed? Can you spread out purchases over a few weeks or months? 
• New Mexico residents, make note of the annual New Mexico Gross Receipts Tax Holiday weekend on August 5-7, when you can purchase many back-to-school items tax-free! Learn more at tax.newmexico.gov. Not in NM? Visit taxadmin.org/2022-sales-tax-holiday for tax holidays in other states. 
• Keep an eye out for back-to-school sales. They’ll be everywhere…and sooner than you may think. Comparison-shop at both online and brick-and-mortar stores.

Two bonus tips for extra credit:

• Shopping with a credit card? Shop smarter with an SLFCU Visa^® card! Our low-rate cards offer monthly cash rebate options, no annual fees, and much more. Check out our special offer for new card holders.
• SLFCU Visa Signature^® credit card holders can shop with peace of mind knowing that if they buy an eligible item with their card and find it advertised for less within 60 days of purchase, they can be reimbursed for the difference. Certain terms, conditions, and exclusions apply.² 

1. morningconsult.com/2022/05/19/back-to-school-shopping-economic-uncertainty
2. slfcu.org/files/slfcu17/1/file/Disclosures/VisaSignatureBenefits.pdf

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