We know that back-to-school can be a very expensive time of year for parents. According to the National Retail Federation, back-to-school shopping is the second biggest spending event of the year. Last year, parents spent over $82 billion on back-to-school purchases! Families with children in elementary through high school spent an average of $685 per child and those with young people heading to college spent an average $942 each!
Regardless of how much you spend per child, we are all looking for ways to save a little bit of money whether that be catching the sales or using coupons. Tax-free holidays are a great time to stretch your dollar and buy items such as clothing, school supplies, shoes and other school-related needs without paying sales tax.
17 states will offer tax-free shopping weekends in 2019 but each state has different rules so it’s important to get the details for your particular state and shop accordingly. Texas’ Tax-Free Weekend is August 9-11, 2019. In general, Texas exempts taxes on clothing, footwear, school supplies, and backpacks priced less than $100. Learn all the details.
If you need a little extra help making ends meet this back-to-school season, we can certainly help with a personal loan. A Members Trust Personal Loan offers:
- Personal loan rates are typically lower than using a credit card
- Rates start as low as 8.60% APR*
- With terms up to 48 months
- Affordable payments
*APR=Annual Percentage Rate. Rates are based on creditworthiness and are subject to change without notice. Loan rates and terms are accurate as of 07/12/2019. Normal credit criteria apply. A fixed-rate loan for $2,500 based on 8.60% APR paid over 24 months would have 24 monthly payments of $113.75.