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A startling new survey reveals that back-to-school shopping is putting a serious strain on Canadian families, and you don’t want to be one of those people.
According to the survey results, Canadians are looking to spend $883 per family on back-to-school supplies and clothing! That is $325 more on average than spent on holiday gifts last year!
That’s a big number, and this kind of a bill puts a big strain on many household finances and even 40 per cent of families admit hat it takes months for them to pay off that bill.
It may be because doting moms and dads have a hard time saying, “No.” Over 60 per cent of survey respondents said they care more about making sure their children have everything they need than saving money. [Global News]
You do not want back-to-school to crash your budget or your household funds. So, what can you do to save some money this month in preparation for September? Here’s a few simple tips to save your funds:
If you have some other helpful tips, I’d welcome you to share them on social media.