(FORBES) — The National Retail Federation (NRF) reports that parents will spend an average of $630.36 for each child going back to school this year to cover clothes, electronics and supplies—that’s down from last year’s $669.28. But is it necessary to spend that much?
Pretty much any teacher anywhere will provide a list of what to bring to the first day of school—anything beyond that is a waste of money.
“As seen over the last 13 years, spending on ‘back to school’ has consistently fluctuated based on children’s needs each year, and it’s unlikely most families would need to restock and replenish apparel, electronics and supplies every year,” said NRF President and CEO Matthew Shay in an NRF press release. “Parents this summer will inventory their children’s school supplies and decide what is needed and what can be reused, which just makes good budgeting sense for families with growing children.”
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