This back-to-school period is like no other for many reasons. And that makes the preparation particularly challenging.
According to a current balance sheet, just over half of US elementary and high school students will attend school only practical this fallalthough changes are posted daily. As a result, families have delayed many traditional purchases back to school.
“Forget lunch boxes and backpacks – now it’s a matter of creating a good space in your home for your children to study remotely,” he said Matt Schulz, Chief Credit Analyst at LendingTree.
“It makes things a little more expensive, however, and the last thing we all need in 2020 is greater financial uncertainty,” he added.
By that point, 63% of parents and students said they plan to spend more on furniture and housewares, and 59% will increase their spending on distance education and technology, according to a study by PayPal from 600 students and 1,200 K-12 parents in July.
Overall, parents are expected to pay an average of $ 529 per student at the start of school, according to a separate Deloitte survey.
As the demand for distance learning devices skyrockets, the expense of technology increases jumped 28%Deloitte noted that any decreases in new clothing and standard school supplies have been offset. Deloitte surveyed 1,200 parents of school-age children in early June.
For households with financial burden due to the economic impact of Covid-19expensive technical upgrades come at high costs – if you can get them at all.
Reports from Laptop bottlenecks Due to the high demand and disruption in the supply chain – especially with popular Chromebooks – some parents are forced to search for supplies at the last minute. (Far more Chromebooks are currently being sold in schools than other types of computers.)
But even in the eleventh hour there are still many good options and that at a discount.
“Labor Day will be the best time to shop for merchandise,” said Andrea Woroch, a money-saving expert from Bakersfield, California.
New York school children study at home during the coronavirus lockdown on April 6, 2020.
Peter Titmuss | Educational images | Getty Images
Some of Woroch’s favorite offerings include $ 300 off 15-inch Surface Laptop 3, now $ 899.99 compared to $ 1,199.99 on Microsoft.com; a HP laptop up to $ 549.99 starts at $ 789.99 at HP.com; or a renovated one Dell Latitude 3450 14-inch notebook for $ 289.99 at Staples.
When an item is sold out or temporarily out of stock, Woroch recommends families purchase last year’s model or a certified refurbished model. Almost every retailer offers this option, Woroch said, and “it usually comes with a guarantee so you have that peace of mind.”
Otherwise, local businesses that are temporarily closed due to coronavirus restrictions may be willing to rent out their computers and even desks, desk chairs and other office equipment, which can significantly cut the cost of setting up workspaces at home, Woroch said.
In order to reduce costs even further, Schulz recommends reducing the shopping list to the things that you absolutely need in the first few weeks.
If your child is going to learn remotely, at least for the time being, change into new clothes and share school supplies with siblings, he said.
“As parents will tell you, there isn’t a lot of silver lining in distance learning, but one of those would be your children sharing supplies and saving money that way.”