How to avoid excessive spending at the start of the school year

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HUNTINGTON, WV (WOWK) – “SALE” is what you see plastered in and around stores across Mountain State as residents prepare for back to school.

But studies show that even with these sales Americans are already overspending.

Americans are on track to spend a record $ 37 billion on back-to-school purchases, according to the National Retail Federation.

This is up from the nearly $ 34 billion spent last year.

“When it comes to back-to-school shopping, you want to look at the necessities; laptops, pen, notepad, paper, satchel, then looking at the clothes afterwards, ”says Sean Hornbuckle, financial advisor at Edward Jones.

Hornbuckle advises parents to try and target sales and deals like the Duty Free Holiday Weekend taking place in West Virginia this weekend.

Yet, according to the National Retail Federation, some people have already started shopping in early July.

Residents of downtown Huntington say waiting to return to school has proven to be a challenge as supplies run out quickly.

“I started. It’s a bit difficult having a 15 year old because of all you have to buy and a lot of places are already running out of things,” says Joshua Capen, Cabell County resident. .

Another resident, Mark Page says he had a similar experience. “We went to a few stores and most of them were out of stock so we just got used to it not being available and we will just put it online because it is from the same warehouse,” explains Page said.

Whether you need to shop online or hit the stores, Hornbuckle says reminding you to enter with a list and a budget will help avoid unnecessary spending or splurging.

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