Back-to-School Shopping: Save Money While Staying Safe
(3 Minute Read) — The back-to-school season is upon us, and it’s a busy time for parents and students alike. As you gear up for another school year, we want to help you make the most of your shopping experience—saving money while avoiding potential online scams. Here’s your guide to smart shopping strategies and how to keep your personal information safe.
Take Your Time Shopping
Start shopping early to research deals and avoid last-minute price hikes. Buy essential items first and pick up the rest as needed, keeping an eye out for sales, especially in October.
Research Student Discounts
Look for special student discounts on tech, clothing, dorm supplies, and subscriptions. Many retailers offer these deals during back-to-school season.
Shop Major Sales and Plan Ahead
Take advantage of sales for deep discounts. Set a budget to avoid overspending and use this opportunity to teach older children about personal finance.
Compare Prices Before You Buy
Spend a few extra minutes comparing prices using tools like Consumer Reports and Google Shopping. Many stores offer price-matching, so check their policies for potential savings.
Spread Out Your Shopping
Explore dollar stores, office supply stores, and wholesale clubs like Costco for additional savings. Consider sharing a wholesale membership with another family to cut costs.
Consider Refurbished Electronics
Opt for certified refurbished electronics to save money while still getting quality products. This is a cost-effective choice for computers and phones.
Keep Track of Sales After Purchase
If an item goes on sale shortly after purchase, check if you can get a partial refund or return and repurchase it at the lower price. Retailer policies vary, so confirm their process for price adjustments.
Protect Yourself from Online Scams
While you’re hunting for deals, keep an eye out for potential scams. Here’s how you can protect yourself:
- Pay with a Credit Card
Using a credit card provides better protection against fraud. Avoid vendors that only accept gift cards, wire transfers, or cryptocurrency.
- Verify the Seller
Research the website and read multiple reviews. Be cautious of fake reviews and check the site’s credibility before making a purchase.
- Keep Receipts
Maintain records of your purchases, including receipts and credit card statements, for easy reference if issues arise.
- Account for Shipping Delays
If you don’t receive your order on time, contact the seller immediately. You’re entitled to a full refund if the item hasn’t shipped within the promised timeframe.
For more tips on safe online shopping, visit https://www.ftc.gov/OnlineShopping and report any suspicious activity at https://ReportFraud.ftc.gov.
With these tips in mind, you can navigate back-to-school shopping with confidence, saving money and avoiding common pitfalls. Happy shopping and stay safe!