If your kids are about to head back to school, get ready to dig into your wallets. The cost of school supplies is rising.
"Things have changed a lot in the 36 years that I've been here," said Pete Bienski, Jr., the Superintendent of Mumford ISD.He's seen how the economy has changed education and how the price of school supplies has jumped every year.
"It takes a lot of money to start school," Bienski said.
A recent study by Huntington National Bank's annual Backpack Index found prices have jumped 7.3 percent since last year.
This means during the 2013 school year, parents should prepare to pay more for supplies.
According to the study, this year parents should expect to pay about:
-$577 for elementary school students, which is a 5.3% increase since last year
-$763 for middle school students, which is a 5.3% raise since 2012
-$1,223 for high school students, a 9.5% jump since last year
A calculator that cost $10.64 today, costs 80 cents more than it was last year before the prices jumped 7.3 percent.
Parent Tammy Baker said she's seen the changes throughout the years and she is prepared to pay more to help her child's education. "If that's going to better your child's education, you know, what is $50 or $100 of school supplies," Baker said.
Tammy says she's learned to save money by not purchasing everything on the list at once. "That way it's kind of easier to balance out," Baker said. "Start with what you need then get the specifics as you go."
The cost of education is not cheap, but Tammy said her child's education is worth every penny. "It is worth it, because how much would you pay to get your child a million dollar education," Baker said.
Before going back to school shopping, the Backpack Index suggests parents take inventory of the supplies they already have. They also suggest to keep track of sales going on in the area. Local stores like HEB and Target frequently have sales on items like pens and binders.