Kids often look for the latest fashions as they head back to school, but the cost of new clothes can quickly add up. In this Watching Your Wallet Consumer Investigator Rachel DePompa has suggestions for savings as you dress your child for the upcoming school year.
shows clothing and apparel prices are 5.2 % higher than they were this time last year.
Cherry Dale, a financial coach with the Virginia Credit Union suggested taking stock of what you already have and making a budget for each child so you don’t overspend.“If they’re older - like teens or pre-teens – give them a certain amount of money so they can allocate and really see how far that money goes,” Dale said.
Another tip from Dale was to spread out purchases over the entire year rather than buying clothes all at once. Also, she said don’t be afraid to ask a retail store to price match a deal you see at a competitor. Turning to family or friends for gently used hand-me-downs could help refresh your child’s wardrobe without hurting your wallet, Dale said.
Finally, she said to check out Facebook Marketplace and even consignment stores for great values on expensive must-have fashion.
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