School supplies are needed, money is tight and time is running short! It’s the end of August and the new school year is upon us. If you have K12 to college-aged students in your household, you know how school supplies can add up and cause a financial strain. Statistics show that parents spend an average of $60-$100 per student for kids under eighteen years of age, and even more for each college student. (The yearly books-and-supplies estimate for the average full-time undergraduate student at a four-year public college is about $1,200.)
If you live in a state that offers tax-free weeks or weekends for back to school shopping, August is actually one of the best months to purchase the basics like shoes, clothes and supplies. Tax-free weeks or weekends are supported by more than a dozen other states, but unfortunately, Wisconsin is not one of them. There are bills which have been proposed at our Wisconsin Capitol to spare parents the 5.5% sales tax, but none have passed yet. Individual stores in Wisconsin may offer a tax-break incentive, but with no statewide collaboration, it’s really difficult to know who is offering the incentive, and when. Your best option is to approach back to school shopping with a strategy to prevent overspending.
Here are 10 tips that may save you money while back to school shopping in Wisconsin:
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