Back to school spending is on the rise.
A new poll from Ebates.ca shows that 38 per cent of Canadians will spend more on school supplies than last year. That’s mostly because of money spent on electronics, with iPads being the hottest commodity.
Finance expert Gail Vaz Oxlade advises people to make a shopping list and then stick to it. “This is all about what you can afford. You can’t go spending money you don’t have just to play the ‘keeping up’ game,” she said.
The poll also found that dads are expecting to spend $175 per child, while moms are planning to dish out $135. Vaz Oxlade said she’s not surprised. “When you do a straight on comparison, men still make more money than women,” she said.
She also said fathers usually are the ones to buy their kids things like iPads. “Dads are willing to spend on electronic devises because they’re the very same toys they’d buy themselves.”
You can hear Gail Vaz Oxlade on Newstalk 1010 during The Late Shift on Mondays at 10 p.m.