DALLAS (CBSDFW.COM) – In case you need a reminder, it’s a holiday weekend for your wallet or wallet.
The annual state sales tax-free weekend each August coincides with back-to-school shopping.
We’ve never had a sales tax free weekend in Texas with inflation at levels like we’re seeing now.
Financial experts therefore recommend that you buy big or stay at home.
Jack Casey has completed a day of shopping for the 18-year-old, who is heading off to college soon.
“So we get all the last-minute necessities, school supplies, clothes, shoes,” Casey said.
They waited until the weekend to buy clothing and school supplies in Texas without added sales tax.
“We probably spent a few hundred,” said Meredith Casey, Jack’s mother. “So you know 8% of that is about $20. But it’s, you know, these days…it’s a tank of gas.”
Many of the under $100 items you can buy duty-free are things you’re probably already familiar with, like clothes, shoes, backpacks, and school supplies.
But the list also includes medical scrubs, religious clothing, fishing and hunting vests, and baby supplies.
“An 8% saving is fine, but that’s no reason to drop everything and run to the store,” said financial adviser Bill Dendy.
Dendy said the people who get the most bang for their buck this weekend are buying a lot or at least pricier items near the $100 limit.
“In general, smart savers look for the biggest items on sale, but also get that 8% discount,” Dendy said. “So buy things like shoes that may be on sale.”
The state expects total weekend savings to be about $112 million.