Authorities now say all 3 people inside the SUV.
people inside the SUV.
♪
>> KPRC 2. Plus, you know, many
families are stretched thin
right now paying for groceries
and gas. And now it’s time for back-to-school shopping.
back-to-school shopping.
Yeah. With all that in mind,
staying within your budget is
critical. Local financial
professional Ryan Wheless from
Allied Wealth joins us with
some money saving tips that could help families stay on
could help families stay on
track. So what we want to talk
right now to talk about first
is what parents can expect to
spend this year because it’s
more. I mean, every year goes
up. But parents should be
spending more on back-to-school items right?
items right?
>> Well, they’re going to spend
about 250 bucks per child on
back to school supplies.
This year’s. And that’s from
new backpacks and lunch boxes to notebooks
to notebooks
in close. I mean, if you look
at all that adds up quickly and
I mean it even myself last
night, putting my kids in
school this year. We’re at the schoolhouse last night with
schoolhouse last night with
the meet the teacher and the
list of stuff they gave host
really must be feeling the
pressure this year because
costs are up substantially from last You know, when that
last You know, when that
inflation is running around
9.1%, I’m in my concern is that
I don’t want the parents home
right now watching this to feel pressured to go out and buy all
pressured to go out and buy all
the latest and greatest up and
rack up a bunch of credit card
debt.
>> Yeah, So, Ryan, what are
some of the best ways to save
here in Texas? >> Well, a couple things than
>> Well, a couple things than
to be aware of is that August
5 through 7 for clothing,
backpacks and school supplies falls under the tax holiday and
falls under the tax holiday and
what that means. You simply pay
no sales tax on that. So that’s
a pretty good amount of savings
right Keep my the taxes are
capped at $200. But still every
dollar adds up and shopping
during this time period is a
great way to save money on
back-to-school supplies.
But let’s let’s be real here.
If for some reason, the
financial well-being of all was
5 to 7 per you get your
paycheck or whatever doesn’t
work out, folks don’t go, bro,
saving money. It’s OK, don’t
worry about it, but I don’t want you to do again is go back
want you to do again is go back
and budget high interest credit
card debt to try to take
advantage of this tax free
holiday. Just let a bypass and
wait a little bit and let you
check comes in weight to your
your bank accounts, right? That’s one thing. And then go
That’s one thing. And then go
to the shopping.
>> That’s excellent hip
because, yeah, all the
promotions for any get amped
up. But if you don’t have it
right now than just wait a week
or whatever, your next check comes in to take him home,
comes in to take him home,
then. Yeah, I mean, we know
that like the kids are using
all of those supplies in the
first week of school. So that is a good point. And you’ve got
is a good point. And you’ve got
some other strategies that
families can use that.
>> That’s the Bentley been to
the next one, obviously.
So so you don’t make a list of
what you need and then comport eyes, right? So do they need
eyes, right? So do they need
the new backpack today? They
need, you know, get a mind 5
pairs of jeans to last in the
school year that he all 5
today. Maybe you buy the stuff
in stages, ride menu by Apple. But now happening later, that’s
But now happening later, that’s
a good way to kind of break up
the cost. And then, you know,
the other thing to do to do is
take an inventory of what you
already have. You’d be surprised what you have laying
surprised what you have laying
around the house, right?
Usually fits on that list that
you need to to bide your son
or daughter is laying around
that. You can say you stand a lot of money, just kind of
lot of money, just kind of
rehash the old stuff that
you’re in.
>> Yeah, we were just talking
about backpacks at home.
I 60 last night that back pay. Your closet is still good,
Your closet is still good,
right? Isn’t it that the school
year soakers, not goods always
have like a huge selection.
They’re trying to get done that
in
years past.
>> Zippers urging to fix, by
the way, and one of the things
we should do and I was in high schools. We always put that
schools. We always put that
folks don’t have the oldest
backpack. Got one that.
>> I like a contest. All right.
Let’s get our That contest was anybody can go with the new
anybody can go with the new
latest and greatest backpack
when you can’t go out of I was
12 years old. You know? Yes,
that’s right. That’s right.
Retro. Yeah. That.
>> Hey, Ryan, what else do
families need to consider financially as we head into
financially as we head into
the fall here?
>> Well, the big thing is that
inflation is running very high.
We also have gas prices up.
Grocery prices up. Everybody’s feeling the pressure. So the
feeling the pressure. So the
main people do not overspend,
please, please, please. Folks
have said for a 3rd time now
interview do not know rack up a
bunch of credit card debt
because what’s going to happen that Billy Rays are going to
that Billy Rays are going to
continue to rise and that could
increase the cost on your
credit card interest, which can
wipe out the savings by the
way of the tax free holiday at the wind. Will that be careful
the wind. Will that be careful
that going for please?
>> So important to remember
that.
>> Yeah, all very good And I
taking inventory, I know like
every year they come home with all this stuff of that probably
all this stuff of that probably
got 14 pairs, the scissors that
they need every single year
that we just buy a gun and just
hand them out to the whole
class. Alright, local financial professional Ryan Willis from
professional Ryan Willis from