As the first day of school is right around the corner, many parents and children will be looking to purchase clothing, school supplies, and other essentials. To help parents out with these costly annual purchases, some states have school sales tax holidays, meaning certain items will be exempt from sales tax.

School is back in session! Whether you are doing virtual school or attending in-person, it is essential to be prepared and ready for your classes. From school supplies to new clothes, below are a few financial hacks to help you score big, spend small on your back-to-school shopping.

School shopping presents the perfect opportunity for parents to teach their child(ren) about finances. Under the parent's guidance, they should allow the teen to take the lead during school shopping, as it will benefit both parties.