Back-to-School Shopping Tips: Prepare Now as Prices Climb Due to New Tariffs

As the back-to-school season approaches, financial experts say the time to start shopping is now, especially with prices expected to rise due to new tariffs.

According to Coresight Research, 62% of Americans plan to begin their back-to-school shopping before August. That’s an increase of more than 8 percentage points compared to last year.

Tariffs Driving Prices Higher

Coresight's John Mercer said tariffs are already having a noticeable impact on consumer prices.

“Tariffs have gone up, even if deals are struck. The baseline of tariffs has gone up,” Mercer said. “More tariffs are due to come in on August 1, and the flow-through to prices is really only going to be upward.”

Oklahoma's Tax Holiday Starts August 1

Oklahoma’s tax-free weekend begins August 1 and includes many clothing items, though school supplies are not covered. Still, experts recommend taking advantage of any savings opportunities where possible.

Smart Shopping Strategies

Parents looking to stretch their dollars this year are encouraged to:

1. Shop secondhand: Thrift and consignment stores can offer quality items at reduced prices.
2. Take inventory at home: Check what school supplies or clothes you already have before heading to the store.
3. Plan around tax-free weekend: Prioritize clothing purchases that qualify under the state’s tax holiday.

Remember, Your Money Matters, and every dollar saved now can make a difference during the school year.