Laptops, mobile devices off back-to-school lists

Back-to-school shoppers have become more frugal this year – with fewer of them planning to buy expensive items such as laptops, desktops and mobile devices, according to some new research.

Research firm Crucial said its Back-to-School Shopping Report found that 57 percent of respondents do not plan to buy laptops, desktops, tablets or mobile devices for school this year.

It seems that frugality has made a big comeback – while 73 percent of respondents said they were “very concerned” with saving money, a big 82 percent of back-to-school shoppers expressed that sentiment.

Even the hectic, last-minute pace of back-to-school shopping didn’t knock this year’s consumers off their frugality trip, with 82 percent saying it was more important to save money than save time.

When asked how they would spend a gift of $1,000, 81 percent of participants said they would be most inclined to put money toward savings or paying off bills.

Visit Travis Credit Union’s Education Center for more useful links to educational resources to broaden your financial knowledge.

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