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12 smart ways to save money on everyday back-to-school costs
Back-to-school shopping can create a hole in parents’ budgets at the best of times, but with a cost-of-living squeeze in full swing, money is particularly tight this year. At a time when every cutback counts, here are some ways to save some money on the costs that will earn you top marks for effort. 1. Check what you have This can be particularly useful if you have more than one child and need to pass items down. When sorting clothing, create piles of those that are in good condition, those that need repairs, and items that are beyond salvaging. Alice Haine, a personal finance analyst at investment platform Bestinvest, says: “Carry out a full audit to see what uniform, stationery items, lunchboxes and water bottles you already have. “You may find unused items still in pristine condition at the back of a cupboard, or used items that are good to go for a second or third academic year – after all, you only want to buy new if you have to.” 2. Create a ‘sell’ pile Haine suggests: “If your child has outgrown some of their uniform, sell them on Facebook Marketplace or WhatsApp groups, and use the cash to buy new items.” Vinted is worth a try, too. 3. List everything you need Once you’ve sorted through everything, make a list of the items you need to acquire. If you have a clear idea, you’re less likely to waste money doubling up, plus, you can buy what’s needed as and when you spot special offers. Depending on your circumstances, it may also be worth checking your government website for grants which could help with school uniform costs. 4. Be clear on school rules You could end up wasting your money if you buy items which don’t match school policies. Haine says: “If you are heading to a new school, check the uniform policy before you buy. Some schools may demand a certain style or colour.” 5. Team up with parents for ‘bulk buys’ “Some multipack prices may seem like great deals, but you might not need four items, so team up with a fellow parent to share the cost,” says Haine. 6. Remember that the cheapest price isn’t always the best value “When it comes to shoes, it can pay to go for a slightly better brand,” suggests Haine. “Cheap shoes can have a short shelf-life when you consider how much they get battered at school. Keep the receipt, because if shoes do fall apart over a short period of time, some stores may replace them with a new pair.” 7. Make sure there’s ‘growing room’ “Always go a size up if your child is still growing, especially on the pricier items, such as blazers, to ensure you get the most out of the investment,” says Haine. “Some brands even sell trousers with a grow-proof hem that can be let down and pressed with an iron, to ensure clothes last longer.” 8. Go refurbished Abigail Yearley, a spokesperson for website TopCashback.co.uk, says: “There are plenty of trustworthy and reliable sites that sell second-hand or refurbished tech, which works as good as new. Just make sure it comes with good warranty before buying.” You may also be able to buy refurbished devices directly from the manufacturer, she says. 9. Look out for second-hand items Check the school’s website for information on buying second-hand uniforms. “Many schools offer a pre-loved uniform service, so checking if that’s available to you should be the first point of action,” suggests Yearley. “If that’s not an option, check on the parents’ group chat if anyone is looking to give away or swap items they no longer need. It’s also worth scouting out Facebook Marketplace and popping into your local charity shops.” 10. Compare prices online Browsing online is a fast way to research and compare prices. Websites such as TopCashback can also help people to get some cashback on purchases from brands such as Clarks, Wilko and Dell, for example. 11. Look out for supermarket staples Tesco, for example, is running a discount deal on selected stationery and lunchtime essentials for its Clubcard members, until September 7, subject to availability. Yearley says: “All the big supermarkets tend to run back-to-school events during the summer months, so make sure you keep an eye out for them. “It’s especially worth checking out discount supermarkets like Aldi, as their back-to-school events are known for bargain prices. “Even if you’ve missed the special event, it’s worth checking their middle aisle, as often you’ll find things like stationery and lunchboxes, which are still cheaper than buying elsewhere.” 12. Get something back for donating M&S has expanded its ‘shwopping’ scheme, with dedicated school uniform shwopping boxes in over 200 stores, to encourage families to donate pre-loved school uniform, to be resold in Oxfam and through a pilot shop with eBay. As a thank you for shwopping school uniform, M&S Sparks customers can receive 20% off selected kids clothing from the retailer. Similarly, if last year’s school shoes are now a battered pair of Kickers, you can recycle them through their Reskinned initiative, which will also get you £15 towards a pair for the new school year. And Schuh offer a £5 voucher for every pair of unwanted shoes you donate, as part of their Sell Your Soles scheme. All these savings really do add up. 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2023-08-29 19:59
Chinese stocks get brief uplift from first share dealing tax cut since 2008
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Renault looking at spring 2024 IPO for Ampere, CEO says
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France to spend €200m destroying wine as demand falls
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2023-08-26 07:23
What is money muling and why is it vital parents warn their children about the dangers?
Teenagers often like to have the latest gadgets and trainers, but if a young person suddenly has the ability to splash cash around, with no obvious explanation for their wealth, it could be a warning sign of money muling. Money muling happens when people are persuaded to let cash flow through their bank account in exchange for money or gifts – and young people in particular may be targeted. According to figures released by UK Finance and the fraud prevention body Cifas, young people under the age of 21 account for around one in five cases where money muling activity is suspected. While money muling may be seen as an opportunity to make some easy cash, it’s actually a criminal offence. The cash flowing through bank accounts is often the proceeds from crime. UK Finance and Cifas run a campaign called Don’t Be Fooled, which has developed free PSHE (personal, social, health and economic education) resources for schools, to help young people learn about the dangers and consequences of becoming a money mule. The new schools programme is aimed at youngsters aged 10 to 14. To find out more about the dangers of money muling – and the warning signs for parents to look out for – I asked Paul Maskall, manager of fraud and cybercrime prevention at UK Finance, for his expert insights: How can parents talk to children and teenagers about money mule activity and explain what it is? Paul says: “Even at the best of times, we aren’t always good at valuing and protecting our data, personal information or private details which we store digitally.” He says it’s important for parents to explain what money mules are, “to ensure that the newer generation have a better understanding of how to protect themselves.” He continues: “By doing so, it gives them more of an intuitive defence and understanding of the risk of people wanting to exploit them and gain access to their account, for the purposes of laundering money.” How can young people themselves avoid getting involved in money muling? Maskall stresses the importance of keeping accounts and personal information private. He says: “Criminals seek to manipulate you with a promise of gifts, rewards or a percentage of the funds sent through your account.” People should avoid opening a bank account in their name for someone else, allowing their bank account to be used to send and receive funds for other people, or sharing PINs and passcodes, he says. While criminals will often seek out younger people to become money mules, it’s also important to remember that anyone can be targeted, he adds. What are the warning signs that your child could be involved? “Tell-tale signs that your child might be involved in money muling could be them suddenly having extra cash, buying expensive new clothes or top-of-the-range mobile phones and gadgets with very little explanation as to how they got the money,” Maskall explains. “They may also become more secretive, withdrawn or appear stressed sometimes, becoming more fixated on communication and phone usage.” What are the consequences of money mule activity? Some people may see requests to pass money through their account as harmless – but they could be making a big mistake. “Criminals need money mules to launder the profits of their crimes and frequently target young people, who are often unaware of the consequences of them agreeing to do so,” says Maskall. “Allowing a bank account to be used in this way is a crime and can result in a criminal record and the account being closed. “You could go to prison for up to 14 years and it can also lead to the individual finding it difficult to obtain mobile phone contracts or access financial products and credit, including student loans.” What should parents do if they think their child or someone else they know might be involved in money muling? “It’s important for parents and guardians to remind their children of the potential approaches that they may receive from criminals,” says Maskall. He says if any parents or guardians are worried that someone they are close to might be caught up in money muling, they can contact Crimestoppers anonymously on 0800 555 111. Where can parents go to get support or seek further information and how can communities stay safe? Maskall says: “We encourage everyone to visit the Don’t Be Fooled website for more information on the risk of money muling and how to stop the signs. www.moneymules.co.uk. “It is important to remember that anyone can be at risk and speaking openly and educating one another about the harm and risks involved will benefit others.” Read More From tofu chicken wings to chickpea bacon – how and why you should be making plant-based meat at home Holly Willoughby channels Gwyneth Paltrow with ‘orgasm anxiety’ blog post Do it for the Gram: Speedy but spectacular goat’s cheese linguine Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
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Brazil fuel price hike to trigger inflation revision, says central bank chief
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Manhattan federal prosecutors drop campaign finance charge against Sam Bankman-Fried in new indictment
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2023-08-15 05:47