When to Shop to Get the Best Back-to-School Deals
Attention early-bird shoppers: A new study finds that prices on school supplies are as good or better in August than in July.
My kids head back to school on Aug. 6. And if I paid attention to retailers' ads, I should be shopping right now to get the best prices on school necessities. Good thing I don't let marketing sway my purchasing decisions. A new study by money-saving Web site NerdWallet found that in 2012 90% of back-to-school items for sale in July sold for the same or lower price in August.
“Retailers want consumers to buy early and buy often,” says Matthew Ong, senior retail analyst at NerdWallet, in a written statement. “Just like how Black Friday was pushed earlier into Thanksgiving in 2012 than ever before, retailers are pushing the back-to-school season forward to try and encourage you to spend more money. Don’t give in -- the deals will be the same or even better in August.”
NerdWallet analyzed more than 500 back-to-school deals from nine major retailers' weekly ads in July and August 2012. It looked at prices on items such as pens, pencils, markers, crayons, binders, folders, paper, glue sticks and backpacks. The retailers included Kmart, Kroger, Meijer, Office Depot, OfficeMax, Staples, Target, Walgreens and Walmart. Only 10% of items rose in price in August, while 78% remained the same and 12% dropped in price. If you live in one of the 16 states with sales-tax holidays in August, you should strongly consider holding off on your back-to-school shopping until then.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Here are more of NerdWallet's findings:
-- Walmart's pricing last year was the most consistent among retailers, with 98% of its back-to-school items remaining at the same price in July and August.
-- About 50% of back-to-school items at Walgreens were more expensive in August than in July.
-- Office Depot had better deals last August, with 62% of its back-to-school items at a lower price.
To make sure you're getting the best deal, follow these tips from NerdWallet:
Look for quantity limits. When you see a limit on the amount you can purchase of a particular item, that means the item is likely at its lowest price of the season.
Take advantage of Staples' 1-cent items. Look for Staples to offer certain school supplies for just 1 cent each if you spend at least $5 on other items. For example, glue, folders and pencil cases will be 1 cent each with a $5 minimum purchase July 28 through August 3.
Be wary of bundles. You might see retailers promoting bundles of items as special offers. But these items will likely sell for lower prices individually in the following weeks.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Award-winning journalist, speaker, family finance expert, and author of Mom and Dad, We Need to Talk.
Cameron Huddleston wrote the daily "Kip Tips" column for Kiplinger.com. She joined Kiplinger in 2001 after graduating from American University with an MA in economic journalism.
-
Stock Market Today: Stocks Rally Despite Rising Geopolitical Tension
The main indexes were mixed on Tuesday but closed well off their lows after an early flight to safety.
By David Dittman Published
-
What's at Stake for Alphabet as DOJ Eyes Google's Chrome
Alphabet is higher Tuesday even as antitrust officials at the DOJ support forcing Google to sell its popular web browser. Here's what you need to know.
By Joey Solitro Published
-
Five Reasons You Shouldn't Shop on Amazon Prime Day
Smart Buying Think twice before getting lured into buying a bunch of stuff you don't need just because it's on sale.
By Andrea Browne Taylor Last updated
-
Five Ways to Save on Vacation Rental Properties
Travel Use these strategies to pay less for an apartment, condo or house when you travel.
By Cameron Huddleston Last updated
-
How to Avoid Annoying Hotel Fees: Per Person, Parking and More
Travel Here's how to avoid extra charges and make sure you don't get stuck paying for amenities that you don't use.
By Cameron Huddleston Last updated
-
Best Cash Back Credit Cards November 2024
Smart Buying Trying to compare the best cash back credit cards? Unlike most reviewers, we include cards from small banks and credit unions, as well as from large issuers.
By Ellen B. Kennedy Last updated
-
How to Spend $1,000: Find Cheap (or Free) Online Courses to Build Career Skills
Smart Buying There's a huge array of skill-building online courses that can level up your career for under $1,000.
By Kim Clark Published
-
MoviePass is Relaunching. Should You Sign Up?
Smart Buying The subscription discount movie card company has a checkered past and an army of disillusioned former cardholders. If you want to try the reboot, you’ll need to hurry.
By Bob Niedt Published
-
HBO Max Is Offering Huge Discounts
Smart Buying Looking for a streaming service deal? Warner Bros. Discovery is cutting the price of HBO Max.
By Bob Niedt Published
-
Are You Streaming Too Much? What the Discovery+/HBO Max Mashup Means
Smart Buying Fewer original scripted series? Maybe. And maybe it’s time to unsubscribe.
By Bob Niedt Published