As Labor Day is coming around the corner and August is winding down to September, that also means school is back in session. A new school year means that annual trip for notebooks, highlighters, and maybe a new pair of shoes if you're lucky. These costs can add up for families that have multiple children, which means many families are actively looking for various ways to save money on these school year trips.
Follow these Top 3 tips and tricks to keep your back-to-school supplies list from growing over budget.
Leftover Supplies from Last Year?
It is possible that not all of last years school supplies were utilized and depleted. Before running to the store for new folders and markers, make sure that items are not going to waste from previous school years.
2. Use Apps and Social Media Accounts for discounts.
If you want to become a modern day coupon cutter, look no further than ShopSaavy. This app costs $1.99 a month, but can give you triple the savings in the first trip to negate that initial cost. You can use the app to scan any barcode and comparison shop, that way you know you are getting the most for your money.
You can also follow local retailers on social media to see what sales they announce before it happens, that way you can be ready to go when the big shopping day arrives.
3. Take Advantage of Tax Holidays
45 of the 50 states of America offer tax holidays, but they differ depending on your state. Check out your state tax holidays here and see if you can save some extra money through this unique savings strategy.
Hopefully the list above can give you and your family some ways to strategize keeping costs low during an inflation heavy year, but why should savings stop for families? Businesses often look at their inventory but ignore doing an annual assessment for each department on how to become more efficient.
Efficiencies = money saved.
For this school year, businesses should also be analyzing their individual departments to see if technology could be added to their growing tech stack to stay ahead of the curve for development.
Adding virtual payments is always a step in the next direction as it creates efficiencies, reduces costs, and generates revenue! If you or someone you know is looking to save money for their business, look no further than Singe Payables - where we don't charge for ANY virtual card transaction. We consider business as a personal relationship to ensure your company is gaining benefits from adding technology to your AP Department.
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