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Canadian Parents Spending More on Back-to-School than Holiday Gifts
With September just around the corner, kids across the nation are likely dreading the thought of going back to school, and parents are likely dreading the costs that come with it.
From clothing and technology to snacks and supplies, a recent RetailMeNot.ca survey found 53 per cent of Canadian parents agree that back-to-school shopping puts a financial strain on their families, with the average back-to-school spend per family adding up to $883.
And while nearly two-thirds (64 per cent) of parents set a budget for their kids, 56 per cent admit to usually spending more than planned.
New clothes, new shoes, school supplies, a smartphone, and a laptop top the list of items kids ask for the most, leading parents to spend $325 more on back-to-school shopping than what they even spent on holiday gifts last year.
For those parents purchasing those items, the average spend per item breaks down as such:

New clothes: $204
New shoes: $97
School supplies: $103
Smartphone: $255
Laptop: $582

Tips to save on back-to-school items
The survey also found more than one-third of parents (40 per cent) don’t realize how much they are spending on back-to-school shopping until they get the credit card bill, and 39 per cent say it takes months to pay off their bills after…

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