TIPSLIFEHACKS

Summer isn't just for beaches and ice cream anymore – for Filipino families, it's increasingly becoming the prime time for back-to-school shopping! A recent report from retail and technology experts, Coresight Research, projects a whopping $33.3 billion will be spent on school supplies in the U.S. between June and August. That's a 3.3% jump compared to last year, signalling a significant shift in shopping habits.

But why the early rush? The answer, it seems, lies in a combination of factors. Filipino families are savvy shoppers, and they’re acutely aware of potential tariff increases. Coresight Research predicts that around 60% of back-to-school shopping will be wrapped up before August to dodge those extra costs. This proactive approach allows families to budget effectively and avoid last-minute price hikes.

More Than Just Supplies: The Tech Factor

It's not just pencils and notebooks anymore. Technology plays a crucial role in modern education, and back-to-school spending now includes laptops, tablets, and other digital tools. This adds another layer of complexity – and expense – to the shopping list. Filipino parents are balancing the need for traditional supplies with the demands of a digitally-driven learning environment.

Navigating Tariffs and Finding Deals

The looming threat of tariffs has undoubtedly influenced this shift towards early shopping. With uncertainty surrounding trade policies, families are taking matters into their own hands and securing the best deals possible before prices potentially rise. This also means a greater focus on comparison shopping, looking for sales and discounts, and utilizing online resources to find the most competitive prices.

Tips for Filipino Families to Maximize Savings:

• Start Early: Don't wait until the last minute! Begin your shopping in June to secure the best selection and prices.
• Make a List: A well-organized list prevents impulse buys and ensures you only purchase what’s needed.
• Compare Prices: Utilize online tools and visit multiple retailers to find the best deals on both supplies and technology.
• Look for Sales and Discounts: Keep an eye out for back-to-school sales events and promotions.
• Consider Used Options: For certain items, like textbooks or older model laptops, consider buying used to save money.

The back-to-school season is a significant financial event for Filipino families. By understanding the trends, being proactive, and employing smart shopping strategies, families can navigate the challenges of technology and tariffs and ensure their children are well-equipped for a successful school year – without breaking the bank.