According to the 2018 National Retail Federation (NRF) poll, families with elementary, middle, and high school students will spend a total of $27.5 billion, or $685 per home, to prepare their children for the new school year. Clothing and shoes will account for far over half of their spending. Families say they need clothing for themselves as well as their kids.
The most expensive items are books. Family budgets should include at least one gift card for books. The NRF report also found that computers are the number one item needed by high school students. Other popular purchases include pens, laptops, and smartphones.
Elementary school students tend to want technology for itself rather than clothes or food. Computers, phones, and tablets are some of the most purchased items for elementary schools. High school students tend to want more clothes than other family members. Boys need coats and pants, while girls need dresses and shirts.
Books are the number one required item for students. This is because books are necessary tools for learning in today's world. Without books, we would still be living in the Middle Ages with no chance of ever getting out.
School supplies cost about 10 percent of all retail sales dollars. Because there are so many things besides books and notebooks required by students, this amount could be higher or lower depending on what categories you look at.
According to the NRF, households will spend more than $117 on regular classroom supplies, almost $136 on shoes, more than $200 on computers and devices, and over $240 on apparel. These estimates do not include special items like test kits or field trips that may be required for school attendance.
In addition to purchasing new clothing, families should consider investing in used items. Thirteen percent of parents say they use donations from schools or community organizations to help students dress for the year. There are several websites that offer consignment-style shopping for children's clothing; see our article on this topic for more information.
Back-to-school shopping can be a stressful experience. To make it easier on you, we've put together some tips for selecting and buying school clothes.
Selecting School Clothes That Fit Well Is Important For Your Child's Self-Esteem. When they come home from school wearing clothes that don't fit right, kids feel bad about themselves. This can lead them to choose less attractive outfits or avoid trying new styles. Help your child by making sure their school clothes fit properly. If there is no room for growth, get them something custom made.
Look For Styles That Are In Style Now But Also Plan To Upgrade Later.
Parents may anticipate to spend around $162,899.86 on their child's education and related activities for children in public school from Kindergarten to 12th grade. Parents should expect to spend a total of $292,719.86 for their children to attend private school. The estimated cost for people to prepare themselves for a career that typically requires an undergraduate degree is $1,171,905.
There are several factors that go into determining how much it will cost to send a child to school. These include the type of school they attend, where they live, how much they eat, etc. The following is an estimate only and not based on personal experience:
In terms of overall cost, the most important factor is location. Schools in Manhattan or San Francisco cost far more than those in rural Kentucky or small town Ohio because these cities have high-quality schools that are expensive to provide. The district of which the school is a part also plays a role - districts with better resources generally have higher-priced schools. Transportation costs are another major factor; schools near home or by public transportation are less expensive than those that require parents to drive.
The total cost of educating an child can vary greatly depending on the type of school they attend. Public schools can be divided up into four categories based on price: very low cost, low cost, moderate cost and high cost.
According to a recent poll by the National Retail Federation, America's largest retail trade group, families with pupils in grades one through twelve intend to spend an average of $696.70 on back-to-school supplies in 2019. That amount is up from $668.94 last year.
The most popular purchases among family shoppers will be computers for students, followed by cell phones and tablets. The most expensive item planned this year is the standardized test that many schools require their students to take at the end of the year. The cost of those tests can run as high as $90 per child.
In addition to purchasing new school supplies, parents will need to make sure their children are prepared for school starting again after the summer break. Good hygiene, healthy eating habits, and exercise are all important factors in preparing your child for school - and for life!
The best advice we can give for spending wisely on school supplies is to look at what each child needs and want before buying anything. It's also helpful if you can wait until the start of the new school year to purchase items such as computer hardware and software.
In 2019, how much money do you spend on back-to-school clothes? These estimates include items such as clothing, footwear, electronics, and accessories.
Households should allocate their resources carefully so they have enough money for basic needs while still having some left over. The more expensive the item, the greater the impact of making a mistake when allocating funds. For example, if a family decides that they can't afford a new laptop then they would need to find some way to reduce their expenses or increase their income.
Reducing expenses means changing what products are bought and used instead of buying the most expensive option. For example, a family could reduce their expenses by choosing cheaper alternatives for smartphones and laptops or switching off some features they aren't using. They could also look at raising some extra cash by reducing unnecessary purchases or taking on extra work. For example, a family who spends $200 on apparel could try and sell some old items on eBay or take on some extra work to earn an additional $100 monthly.
Raising income is easier said than done for many families but it's important to remember that any money earned is added into your budget.