Teach your children to conserve. Talk with your children about conservation and saving money. They may have ideas to get more use out of their school supplies. Additionally, you may want to consider using old school pens and pencils in your home office rather than purchasing new items. This will allow your children to enjoy some new items while still saving you money. Saving money on school supplies is possible through careful planning and conservation. For families on a budget, these savings are very important.