As the relaxing days of summer begin to fade, the excitement of a new school year approaches. It's that time of the year when parents and students gear up for back-to-school shopping. Texas Bay Credit Union understands the financial strain that this season can bring, which is why we are committed to helping our members save money this fall. We will explore the benefits of the tax holiday, share some valuable money-saving tips, and highlight how Texas Bay Credit Union can be your financial ally for the back-to-school season.
1. Back-to-School Tax Holiday
One of the most significant advantages for families during the back-to-school season is the annual tax holiday. Texas Bay Credit Union members can take full advantage of this opportunity to save big on certain purchases. The tax holiday this year is August 11th-13th. It occurs over a designated weekend before the school year begins and offers a sales tax exemption on various back-to-school items.
During this time, purchases like school supplies, clothing, footwear, backpacks, and certain electronics can be made without state sales tax. It's the perfect time to stock up on essentials for the upcoming school year while enjoying great savings.
2. Create a Budget
Before you head out for back-to-school shopping, it's a good idea to create a budget. Start by listing all the necessary items your child will need for the school year. Prioritize the most important ones and allocate a specific amount for each category. With a budget in place, you can keep track of your spending and avoid impulse purchases. Texas Bay Credit Union's financial experts are always available to help you craft a practical budget that suits your needs.
3. Shop Smart
Back-to-school shopping doesn't have to break the bank! Be on the lookout for discounts, special deals, and promotions from retailers. You can save even more by comparing prices online or using price comparison apps. You may also consider buying in bulk for items that will be used throughout the year. Some of your favorite stores might offer price matching, like Target, Walmart, Office Depot, and others. Remember, shopping smartly can make a significant difference in your overall expenses.
4. Use Rewards and Loyalty Programs
If you're a Texas Bay Credit Union member, don't forget to explore our rewards and loyalty programs. The Texas Bay Platinum Rewards Mastercard offers rewards points for every purchase you make! Save these rewards and use them to offset your back-to-school expenses. At Texas Bay Credit Union, we strive to provide our members with exclusive benefits that help you save on your everyday expenses.
BONUS! Texas Bay Platinum Rewards is offering Double-the-Points on purchases made August 8-20, 2023. Just in time for the Tax Holiday.
5. Reuse and Recycle
Before you rush to buy new school supplies, take stock of what you already have. Often, items from the previous year are still in good condition and can be reused. Old backpacks, lunch boxes, and even clothes can be spruced up and given a fresh look. Embracing sustainability not only saves you money but also teaches valuable lessons to children about reducing waste.
6. Consider Thrift Stores
Thrift stores and consignment shops can be efficient and affordable for back-to-school shopping. You can find great deals on clothing, shoes, and even books. Encourage your children to explore these options, and they might be surprised at the unique items they can discover. Shopping at thrift stores also promotes eco-friendly practices by reducing the demand for new products.
7. Utilize Texas Bay Credit Union's Educational Resources
Texas Bay Credit Union is not just a place for financial services; we are also committed to empowering our members with knowledge. Check out our educational resources, including our blog, that cover essential financial topics like budgeting, saving for college, and understanding credit. Being informed is key to making wise financial decisions for your family's future.
Open an Account with Texas Bay Credit Union Today!
At Texas Bay Credit Union, we are here to support you not only during the back-to-school season but throughout your financial journey. Let's make this school year a successful one without compromising your budget!