On Your Side: Tax-Free Savings

By: Jeff Anderson Email
By: Jeff Anderson Email

News 12 at 6, August 2, 2007

Augusta--Lots of families say they'll be spending a lot this weekend, but how much will they end up saving?

A 7% discount doesn't necessarily sound like it will save you that much, but the money will add up if you're buying the right things.

We took a quick shopping trip to show you exactly how much further your money will stretch this weekend.

We went shopping for a family that has two children, one heading off to college and another one in high school.

We started with six spiral notebooks. And then two six packs of pens. Add in a couple of book bags, some office supplies and a stapler. That totaled us up at nearly $200.

How about some clothes? We bought six pairs of pants, six shirts, and two pairs of new tennis shoes.

And then we threw in some towels, sheets and a comforter to help fill out that dorm room. That means we've spent around $650 so far.

Now here comes the real money saver, the personal computer for your college student. We bought one that is priced at $1000 and a printer at $90.

In all, we spent more than $1700 and our savings came in around $120. It's not going to make you rich, but every little bit helps.

Obviously you won't save as much if you're not buying a big-ticket item like a computer, but you'll still have a little extra cash in your pocket either way.

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