Most kids go back to school later this month. Which is a big stress-reliever for parents. But it also means your wallet’s about to take a hit . . .
A new survey found parents will spend as much as $65 more on back-to-school stuff this year compared to 2017. And new clothes are still the biggest expense. But electronics are now a close second.
Here are the seven big back-to-school expenses you have to worry about, and how much the average parent is expecting to spend . . .
1. New clothes. $189, up from $153 last year.
2. Electronics. $186, up from $121.
3. New shoes. $95, up from $71 last year.
4. Backpacks. $45, up from $33.
5. Art supplies, including things like crayons. $24, up from $17.
6. Pencils and pens, $15, up from $13.
7. Folders and notebooks, $15, up from $12 last year.
So all totaled, that’s $569 to buy everything on the list. But obviously it’s just the average. Some parents will spend way more and some will spend less.