Benzinga | Aug 11, 2021 10:04AM EDT

Ibotta Brings (Cash) Back to School

Photo by Luis Quintero from Pexels

The commercials have started. Summer is winding down. Notepads and backpacks are disappearing from the shelves: It's back-to-school time.

While the new school year can bring great excitement, for some it may mean a lighter wallet. According to Statista, the amount spent on school supplies has increased a whopping $350 per year, from 2004-2021. In addition, as of 2021, teen spending has averaged around $46 and pre-teen spending hit around $39, with an average household spending $295. Thanks to inflation, the pandemic or perhaps a combination of a few factors, school supply prices have increased in general leaving many frustrated and spending more.

However, thanks to one company's efforts, you may be able to save more than anticipated on your pens and pencils. Ibotta's "Back to School Free for All" initiative aims to provide cash back on school supplies so that families around the country can have their hard-earned cash where it belongs. The offer totals around $20 and covers products like:

* Five Star notebook

* Nature's Own bread

* Skippy peanut butter

* Smucker's Squeeze fruit spread

* Ticonderoga #2 pencils

* Kleenex

* Pink Pearl Paper Mate eraser

To get the offers, get the free browser extension by signing in to ibotta.com. Then, choose your retailers, like Walmart (NYSE:WMT), Target (NYSE:TGT), Instacart or Shipt. Add the offers and shop! Within 72 hours, your cashback offer will be received. If you don't have access to the internet, users can write to the Care teams and you can get the rewards.

Aside from their cashback perks, Ibotta will donate more than $100,000 to AdoptAClassroom.org to help support teachers who often spend their own money to keep their classrooms running. An estimated 400 teachers (and nearly 10,000 students) will get the funds they need to succeed using this money.

Thanks to Ibotta, when you're shopping for those last few notebooks and pens, all it takes is the touch of a button to put your money back where it belongs.

Don't wait--download Ibotta to get cash back on your groceries, school supplies, and more.