In trying to manage personal finance balances and a home budget, consumers may be trying to get ready ahead of time for school expenses.
According to Experian’s PriceGrabber.com, 64 percent of respondents to a survey said they had not planned to save for back-to-school supplies. While that may seem unwise, these people may be getting ready to make these purchases in other ways.
“Further analysis of the data supports the idea that consumers are trying to absorb back-to-school spending in their monthly budgets by starting their shopping early to distribute their purchases,” Laura Conrad, PriceGrabber.com president, said.
According to the poll, 26 percent of survey respondents may have already started making purchases for school needs. Another 31 percent said they plan on doing so in July, while 38 percent will begin in August.
However, some people may not be able to afford school supplies no matter how much they try to fit them in their budgets. People who want to help may consider helping out an organization like I Love Schools Inc., which works to get resources to young people who need them.