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Back-to-school crunch: What are you doing?

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Yes, it's that time of year again. Time to start restocking on pencils, pens and notebooks. Time to purchase [the perfect new outfit.][1] It's back-to-school time, the traditional time of year, when parents flock to area stores [to load up on all the supplies][2] needed for school.[This year could be full of creative spending,][3] in light of rising costs of food and fuel, and a tight economy.As Dollars and Sense reporter Mike Belt and I are working on a story about the costs of back-to-school, we want to hear from you. What are your economic concerns for the school year? Are you planning to on adjust your spending habits when you purchase new school supplies? Where do you go for the best deals? Is this even a concern?If it is a concern, you're not alone. [MarketWatch][4] compiled the following statistics, which show Americans are planning on spending less on school supplies because of the economy:- America's Research Group sees back-to-school spending falling as much as 2%. A mere 1.5% of consumers said they will buy products at full price. Last year, 11% said they would. - The National Retail Federation said spending in most categories will be flat, with the exception of electronics. College students will learn a hard lesson in tough economic times as even their spending on electronic must-haves and gadgets will fall some 22% though it will remain their No. 1 buy.- The International Council of Shopping Centers found that 90% of households said they will pick up everything from T-shirts to T-squares at discount stores. That's up 16 percentage points over last year and 34 percentage points over 2006. - Deloitte found that 90% of households say they will change their back-to-school shopping habits to include more sale items, to purchase only what's needed, to shop for more lower-priced goods and to use more coupons, among other things. Nearly nine in 10 people said they will shop at discount and bargain stores.So, Lawrence, what do you think? [1]: <http://www.teenvogue.com/style/2007/07/backtoschool/ [2]: <a href="http://edac2.com/features/assets/hp3_02diagonally.jpg [3]: http://www.usatoday.com/money/industries/retail/2008-07-29-back-to-school-shopping_N.htm [4]: http://www.marketwatch.com/news/story/strain-household-budgets-crimp-back-to-school/story.aspx?guid=%7B2DC0A419-D1E2-4D6F-ADB9-2DFCB66AD825%7D/

Comments

shorttrees 7 years ago

I'll be picking up things on the Missouri side of the border during tax-free days this weekend (Aug 1, 2 & 3). It is in many Missouri cities, although a large part of the KC Metro area isn't doing it so we head up to St Jo and shop with my sister. It covers a large range, and if you buy in smaller amounts (like hit Target AND Walmart AND Walgreens, etc.) most will be sales tax free:# Clothing Any article having a taxable value of $100 or less.# School Supplies Not to exceed $50 per purchase# Computer Software Taxable value of $350 or less# Personal Computers Not to exceed $3,500# Computer Peripheral Devices Not to exceed $3,500 And there is an "okay" mall in St Jo as well.

anneht 7 years ago

But, by the time you drive to St. Joe and back, do you save any money, actually?

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