Skip to main content

Back-to-School Savings: Smart Tips for Your Family

 


The new school year is an exciting time, but the costs can quickly add up, especially if you have more than one child. Uniforms, shoes, and sports equipment can put a serious dent in your budget.

But don't worry—with a little planning, you can find significant savings and have more money for the things your family loves. On average, UK parents spend around £191 per child on school essentials. While some costs are unavoidable, you can easily find better deals. Here's a simple three-point plan to help you save on your back-to-school shop.

1. Take Stock of What You Have

Before you make a single purchase, check what's already in your closets and drawers. You might be surprised by what still fits or what can be reused. This is especially true if you have more than one child—that uniform your oldest has outgrown might be a perfect fit for a younger sibling. By taking a thorough inventory, you'll only buy what you truly need.

2. Reuse and Recycle

You can find great deals on gently used items by looking for a second-hand uniform exchange at your child's school. If one doesn't exist, consider organizing a uniform swap with other parents. Your child's outgrown blazer could be the perfect solution for a friend's younger sibling, and vice versa. It’s a great way to save money and connect with your community.

3. Compare Prices

For the items you do need to buy new, take the time to research and compare prices. You can find great deals and discounts throughout the summer, both online and in stores. If your school doesn't require a specific branded uniform, you might find the best value at a local supermarket.


Additional Financial Support for Families

Beyond shopping smart, you may also be eligible for government benefits and other forms of financial help. It can seem overwhelming, but it's worth taking the time to see what you qualify for. You could save thousands of pounds annually on things like child benefit, tax credits, and help with travel costs.

Your employer may also offer childcare benefits, so check in with your HR department to see what's available.

Important Note: This is for informational purposes only and not financial advice. For personalised recommendations, please consult with a financial advisor.

Visit our website at https://www.gatewaycu.co.uk to learn more.

Popular posts from this blog

Gateway Credit Union invites Torfaen & Monmouthshire residents to apply for our Christmas Loan

  Gateway Credit Union (GCU) is a reputable financial institution with over 27 years of experience dedicated to assisting the residents of Torfaen, Monmouthshire and surrounding areas in achieving financial resilience in the present complex economic environment. GCU is pleased to extend an invitation to the communities of Monmouthshire, Torfaen, and surrounding areas to apply for our GCU Christmas loan this year and begin saving for next year's holiday season. By planning and saving throughout the year, individuals can avoid the need for loans in the future and instead use their savings for Christmas shopping, meals, or any other holiday expenses. At GCU, we are committed to helping our members achieve their financial goals and providing financial support when it is most needed. Apply for a Christmas loan today and start saving for a brighter tomorrow. With affordable interest rates and repayment options, GCU Christmas loans are designed to help you enjoy the holiday season. For mo...

Gateway Credit Union, here for you in Torfaen & Monmouthshire

  Phil Jenkins, The Board of Directors at Gateway Credit Union have highlighted the importance of providing financial stability for members facing challenges in managing their monthly expenses, such as unexpected repairs, maintenance, and the well-being of their children. In a recent interview, Phil Jenkins highlighted how Gateway Credit Union is dedicated to supporting the residents of Torfaen and Monmouthshire and surrounding areas in achieving financial security and stability in this complex economic environment. Question:  Phil, how do you feel about the current economic situation and how have you seen the impact on Torfaen & Monmouthshire residents? Answer:  As a resident myself of Torfaen & Monmouthshire, I am aware of the challenges faced by low and middle-income earners due to the recent rises in inflation. Despite pay increases, many part -time, full-time, unemployed, students and retirees are all feeling the impact of these economic changes. At Gateway C...

How to Save Money: Guidance from Gateway Credit Union Wales

  Welcome to Gateway Credit Union ,   Where we are dedicated to helping you improve your savings skills and achieve financial resilience. We have some interesting and useful tips that you can practice on a daily, monthly, and quarterly basis. 1. Make a budget. A budget is like a map that guides you towards your money goals. It is a plan for your money and an essential tool for financial success. At Gateway Credit Union , we are always happy to provide guidance on creating a budget.  You can visit us at: Head Office: 21 Commercial Street, Pontypool, NP4 6JQ Alternatively, you can call us at 01495 832111 or email us at info@gatewaycu.co.uk.  We are here to make your life easier . 2. Set a savings goal. One of the most effective ways to save money is by setting a specific savings goal with a deadline. Gateway Credit Union is here to help you with that. Our savings accounts are designed to help you achieve your saving targets .  For example, you can se...