Tax Free Back to School Shopping

TaxFree blog

With the start of the new school year days away, shopping for clothes and supplies is probably at the top of your to do list. This weekend’s tax holiday is the perfect time to get that task done. You can enjoy tax free shopping on clothing, school supplies, personal computers and much more! The tax exempt sales run from August 4 through August 6.

Sales tax will not be collected on purchases of:

  • Clothing, footwear, and certain accessories priced $60 or less per item
  • School supplies selling for $15 or less per item
  • Personal computers and certain computer-related accessories priced $750 or less per item.

This is a great time to take inventory of your home or office space as well as your closets. Do you need new work shirts or a new laptop? Now is the time to buy

You can certainly use this weekend to grab savings for the entire family or you can purchase items and donate to someone that is less fortunate. There are a number of organizations that will be taking donated school supplies during the upcoming weeks. Check out your local news outlets for school supply drives in your area.

We know shopping for school related items can get expensive; however, you can save quite a bit of money by purchasing them during the tax free weekend. Click here for more information and for frequently asked questions about Florida’s sales tax holiday.

Happy Shopping!

School Is Out! Are You Ready?

Summertime for teachers means a break from students, lesson plans and homework. But it can also mean a break in their paycheck. Some educators have their paychecks broken down into smaller amounts so they get paidGroup-Teacher-Student-000034003840-IS equally throughout the year. Others are not able to take advantage of that same program. When paychecks stop, there are many ways to make sure you are prepared for this change. Here are a few ways you can help bridge that gap in you budget.

Get a Summer Job
It might not sound glamorous at first, but how about trying something outside of the box? Many lifeguard positions are summer only, and who doesn’t want to work on their tan while getting a paycheck. If lifeguarding isn’t for you, tutoring or babysitting are two other great summertime jobs. There are a number of options to help get you through the summer with some extra change in your pocket and maintain a productive lifestyle.

Summer Savings/12 Month Pay Accounts
Many financial institutions offer promotions specifically for school staff. At Insight, qualified educators and school employees can receive up to $2,000 – up to the amount of your most recent net paycheck – and it’s paid back in just 12 months with no interest. These accounts can keep you afloat while your summertime funds dry up.

Good Ol’ Fashioned Frugality
Many school employees find themselves paying their summertime bills and then relying on the few remaining dollars to make it through. This method may work, but it doesn’t leave you much room for the unexpected. Even something like a clogged toilet can become a big deal when your next paycheck is 2 months away.

Whatever your method, you should always take a moment to evaluate your means of budgeting. No one is perfect and you may consider one of the other options for a summer to see how it works.