A back-to-school budget avoids overspending
For retailers, back-to-school shopping is big business. Analysts estimate families will spend nearly $73 billion on clothes, supplies and electronics to outfit their children for school and college. That breaks down to roughly $635 per family.
To control costs and avoid overspending, the Better Business Bureau serving Chicago and northern Illinois recommends preparing a budget and sticking to it.
Of the total back-to-school costs, families spend the most money on apparel; the second most on shoes; and the third most on supplies, according to the National Retail Federation.
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