October is here, which means many families are getting ready for Halloween.
According to surveys from the National Retail Federation (NRF), almost 70 percent of consumers are planning on handing out candy, and almost 30 percent intend to take their children trick-or-treating.
Other activities included decorating their homes, and yard and buying costumes for themselves or their pets.
How much money does that all add up to?
The NRF is predicting an increase in spending this year over money spent on Halloween in 2018. They estimate $8.8 billion will be spent this Halloween season nationwide, with the individual consumer spending an average of more than $86.
According to the Better Business Bureau, there are ways to save money on Halloween supplies. They include:
- Shop at home. Check your house for costumes you can re-use or items you can make a costume with. You may also find decorations from past Halloweens. This will save you money and a trip to a Halloween or party store, but it will also keep you from accumulating extra clutter as well.
- Rent a costume. Renting can be a good alternative for someone who doesn’t want to buy a costume they’ll only wear once. It can also be a cheaper option. Be sure to check the condition of the costume and discuss any damages it has with the owner before you rent it.
- Watch for sales. Comparing prices between different stores and online retailers can save you money. Keep an eye out for coupons and sign up for email alerts. Doing all of these things can save you a decent amount of money.
As with any item you purchase, it is always a good idea to check the return policy. That way, you don’t accidentally end up with unwanted or damaged goods. Don’t forget that purchasing items with the intent of returning them after October 31 is considered fraud.
Visit www.bbb.org for more.