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Shopping for back-to-school supplies? Here are tips for scoring the best deals.
Back-to-school shopping is well underway, with more than half of back-to-school consumers already buying supplies for upcoming classes, according to a survey from the National Retail Federation. With spending expected to reach $38.8 billion, according to the NRF, shoppers may want to do some homework before busting the family budget.
Depending on the student’s age, the tab for back-to-school supplies can vary. The NRF’s projections, for instance, include those shopping for college and factor in products such as laptops, clothing and shoes.
Other related costs include items for the extracurricular activities that 86% of parents report having enrolled their kids in ahead of fall classes. The average cost of supplies, including fees and equipment, comes to $582 a child, a survey by Deloitte found.
Parents plan to spend an average of $586 per child on school items this year, according to the poll of 1,200 U.S.-based parents of school-aged children conducted in May.
With that in mind, here are some cost-saving tips for back-to-school shopping.
Crayons, glue sticks and construction paper
Website FinanceBuzz offers a rundown of the most expensive and least expensive stores to load up on supplies for kids going to elementary, middle and high school.
The site added up the total cost of 20 basic items: Crayons, glue sticks, construction paper, markers, pencil box, safety scissors, scientific calculator, notebooks, ruler, binders, loose-leaf paper, folders, backpack, lunch box, pencils, pens, highlighters, combination lock, dry-erase markers and a box of tissues. The average cost of those supplies came to $106.73, according to data the site collected from store websites.
In looking at 10 major retailers, FinanceBuzz found Walmart to be the least expensive, with prices for those 20 common items coming to $67.37, or 37% below average. At Dollar General and Target, those items could also be purchased for under $100, or $70.50 and $83.25, respectively. Fulfilling the list came to $101.60 at Staples, the fourth cheapest store to stock up on school supplies, according to the site.
Michaels had the most expensive school supplies, with the FinanceBuzz team tallying up the cost at $185.28, nearly three times what it would cost for the same products at Walmart. Walgreens and Office Depot were the second and third most pricey, with the former costing $134.61 and the latter $121.55. The 20 items could be found on Amazon for $119.07, making the retailing giant the fourth priciest.
Buying the supplies at Meijer would cost $109.25 and at Kroger the tab would run $114.01, according to the site, which noted that both grocers had become “everything” stores.
Many people choose to shop online at Amazon due to the convenience, but the cost of shipping can surpass the value of some products, leading Amazon to hike those prices. “As a result, school items like crayons, construction paper and rulers are more expensive to buy from Amazon than any other retailer,” the researchers noted.
Research options, discounts
Consumer Reports advises taking the time to research your options, including deals, discounts and price comparisons.
Another potential cost-saving measure is to ask teachers what supplies are needed right away and what purchases can be delayed, as there are still deals to be found after school starts, the nonprofit advocacy group offered.
Other tips from CR include searching for student discounts, as some retailers and brands run special promotions at this time — and some offer student discounts all year long. Those can include offers on tech, clothing, dorm supplies, phone plans and online subscriptions.
Also, take advantage of sales tax holidays. More than a dozen of the 45 states that collect sales taxes have holidays from the levy during the summer.
CR also advises those looking for the biggest bang for their buck to spread out their shopping. Wholesale clubs can be a particularly thrifty move for large or multiple families who can divvy up bulk supplies.
Keeping an eye on sales after you are done shopping can also cut costs. If something goes on sale after you bought it, you might be able to get some of your money back, depending on the retailer’s policy. Some allow two weeks for such requests, according to CR. If that approach does not work, you can also return and repurchase the item, the consumer site said.
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Monkeys have been spotting roaming in unusual places in central Florida recently — and the police are warning residents to stay away.
The Orange City Police Department said on social media that it had received “multiple reports of monkey sightings” in the town, which is in Volusia County. People who see monkeys should not feed or approach them, the department said, but should contact the Florida Fish and Wildlife Conservation Commission.
A viral video from a river near Orange City, taken by a river tour operator, shows a monkey hanging out on a wooded bank.
“I looked up into a tree and kind of went, ‘What’s that!?'” Colin Innes of St. John’s River Eco Tours, told CBS affiliate WKMG. “I got a little bit closer and realized that I had a monkey probably about 30 feet from me. And trust me, that’s not something you see out here on a regular basis whatsoever, so I was shocked.”
Meanwhile, a Volusia County elementary school principal had to warn parents about a monkey after seeing one run through the school’s drop-off area on Wednesday, according to WKMG.
An area woman told WKMG that she saw a monkey climbing on her fence. First, she thought the animal was a cat, but then she realized how large it was.
“I have three cats and so I looked at his body and was like, ‘Wow that’s really big,'” said Evelyn Coira Arquette. “I mean, we’re talking about four feet probably long.”
Officials have not commented on what species of monkey is being spotted. WKMG said officials have not confirmed if residents are spotting multiple monkeys or if they’re seeing the same primate in multiple locations.
Police have told residents not to feed the monkeys, which is prohibited by a Florida Fish and Wildlife Conservation Commission rule passed in 2017. Monkeys are more likely to return to an area and may become aggressive if they are fed by people, WKMG reported.
Residents should also take care to dispose of uneaten food and garbage in closed trash containers, so monkeys can’t access them. Any sightings should be reported, and if a monkey is seen in the area, children should be kept close and pets should be leashed. If bitten or scratched by a wild monkey, seek medical attention immediately.
Last month, 43 monkeys escaped from a research facility in South Carolina, prompting warnings for nearby residents to secure their doors and windows. Four of the monkeys are reportedly still on the loose.
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In the third quarter of 2023, U.S. mortgage holders collectively held $17.2 trillion in home equity, according to the November 2024 ICE Mortgage Monitor report. This includes $11.2 million in “tappable” equity, or equity homeowners can borrow against without dropping below an 80% loan-to-value ratio.
For homeowners, this translates to an average of $319,000 in total equity and $207,000 in tappable equity. Rising home prices provided this big pot of accessible cash and, for some, using it to upgrade their space could increase home values further — especially now that home equity loan and home equity line of credit (HELOC) rates have dropped steadily since their post-pandemic peak and are expected to fall further in the coming months.
Taking out a home equity loan or a HELOC to fund improvements allows you to borrow at an affordable rate, and both HELOC interest and home equity loan interest may be tax-deductible if funds are used to improve a qualifying primary or second home. If you’re thinking about using some of your equity to improve your living quarters, though, there are some home improvement projects in particular that experts say could boost your home’s value.
Compare today’s top home equity borrowing options online now.
3 strategic home projects that can boost your home’s value in 2025
The following home projects could pay off by boosting the value of your home in the new year:
1. Build an accessory dwelling unit
If you’re hoping your home could bring in some extra cash, or if you want to make room for extended family and household help, adding an accessory dwelling unit could be the ideal upgrade for you.
Andrea Saturno-Sanajna, a broker with Coldwell Banker Warburg, says that many localities are enacting legislation or creating programs to encourage the building of ADUs to create more affordable housing. In some cases, these programs even come with government funding to help cover the costs. However, even without this bonus, Saturno-Sanajna believes this is a project worth thinking about if it’s allowed in your area.
“The ADU could be rented out for additional income or used for aging parents or college students to be near family while maintaining some autonomy, for au pairs, exchange students or carers, or even for income-generating, short-term holiday accommodation where permitted,” Saturno-Sanajna says.
MyHome by Freddie Mac reports that ADUs increase your home’s value by as much as 35%, but they must fulfill certain requirements including having a kitchen, bathroom, and separate entrance. If you have the space and the equity available to create this type of dwelling, the payoff could be substantial.
Learn what your best home equity borrowing rates could be today.
2. Increase your energy efficiency
With the growing threat of climate change and the rising cost of electricity, projects that improve your home’s energy efficiency should be top on your list in 2025, says Michael C. Weiner, an agent at Coldwell Banker Warburg.
“Infrastructure changes that improve energy efficiency aren’t just helpful in boosting value but also can start paying for themselves from day one,” Weiner says.
His suggestions included upgrading your windows, adding insulation or installing a smart thermostat.
Weiner also recommends switching out older appliances with newer, more energy-efficient ones that can both give your home an updated look and reduce your utility bills for a double payoff. With the Department of Energy reporting that a new Energy-Star-certified fridge could save you more than $220 during its 12-year lifetime, this upgrade alone could be worth making.
3. Invest in wellness
The COVID-19 pandemic brought a renewed focus on maintaining good health, so incorporating wellness features in your home could be an upgrade worth considering in 2025.
Broker Sean Adu-Gymafi of Coldwell Banker Warburg advises installing upgrades like whole-house water filtration systems and air purification systems throughout the home.
“Water filtration systems will provide better water quality and are better for the environment as they can reduce the amount of bottled water used,” Adu-Gymafi says. “Similarly, installing air purification systems throughout the home can also add value. As more people prioritize health and their well-being, these features are becoming very desirable.”
The bottom line
These upgrades could help you to improve your financial situation immediately as you bring in rental income, improve your health and lower your monthly bills. They may also make your property more desirable to future buyers. Tapping into equity to complete them could be a smart financial choice in the new year, especially if you shop around for loans at competitive rates and take advantage of new, more affordable borrowing opportunities.