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This year, as the leaves start to change colors, parents will be exercising tighter control over the back-to-school budget, according to a recent PayPal survey. More than half of the parents surveyed said they will wait for sales before buying for their teens this fall. Forty percent will give their teens a budget and let them decide how to spend the money while only eight percent of parents said they will buy their teens whatever they want.
In order to help parents and kids find clothing and supplies that fit their budgets, PayPal has launched a back-to-school Web site with the season's hottest deals and styles: https://www.paypal.com/backtoschool. Starting today, parents can use their PayPal accounts and receive discounts, cash-back offers and other promotions at some of the most popular sites on the Web, such as American Eagle, eBags, eBay, Guess, OfficeMax and Shoebuy.com.
As parents and teens stock up for school this fall, many will disagree over how the back-to-school budget is managed. The PayPal survey, conducted by ACNielsen, found some disparity over who controls the purse strings. Eighty-two percent of parents said they are involved in deciding what their teens buy. However, 62 percent of teens disagreed and said they decide what to buy on their own. Teens with jobs claim to have the most independence, with 45 percent saying they not only make the final decisions on what to get but they also use their personal money to facilitate the purchases.
"While parents and kids disagree about who is really in control of back-to-school purchasing decisions, online shopping is something everyone can agree on," said Don Fotsch, Vice President of User Experience and Design. "PayPal is helping parents and kids save time and money by offering great online deals on everything from trendy apparel to back-to-school basics that don't require a trip to the crowded mall."
This year, as the leaves start to change colors, parents will be exercising tighter control over the back-to-school budget, according to a recent PayPal survey. More than half of the parents surveyed said they will wait for sales before buying for their teens this fall. Forty percent will give their teens a budget and let them decide how to spend the money while only eight percent of parents said they will buy their teens whatever they want.
In order to help parents and kids find clothing and supplies that fit their budgets, PayPal has launched a back-to-school Web site with the season's hottest deals and styles: https://www.paypal.com/backtoschool. Starting today, parents can use their PayPal accounts and receive discounts, cash-back offers and other promotions at some of the most popular sites on the Web, such as American Eagle, eBags, eBay, Guess, OfficeMax and Shoebuy.com.
As parents and teens stock up for school this fall, many will disagree over how the back-to-school budget is managed. The PayPal survey, conducted by ACNielsen, found some disparity over who controls the purse strings. Eighty-two percent of parents said they are involved in deciding what their teens buy. However, 62 percent of teens disagreed and said they decide what to buy on their own. Teens with jobs claim to have the most independence, with 45 percent saying they not only make the final decisions on what to get but they also use their personal money to facilitate the purchases.
"While parents and kids disagree about who is really in control of back-to-school purchasing decisions, online shopping is something everyone can agree on," said Don Fotsch, Vice President of User Experience and Design. "PayPal is helping parents and kids save time and money by offering great online deals on everything from trendy apparel to back-to-school basics that don't require a trip to the crowded mall."
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