Save of the Day: What NOT to buy for back to school

In my continued quest to save you some serious cash and hunt down deals, we celebrate another day of back to school bargains.

If you need school supply deals, today is the time to stock up. As we enter the first week of August, school supplies and backpack prices are dropping. You'll find those deals in the video above. Two things I would NOT buy today: laptops and clothing. There will be some major laptop deals tomorrow (Wednesday July 30th) and huge clothing discounts beginning this Thursday.

Want more deals? Follow @MattGranite On Twitter.

Matt Granite is a consumer reporter with Gannett's WKYC station in Cleveland. His 'Save of the Day' report offers tips to consumers on how to save money and features daily deals.

We do not get any financial compensation for mentioning any of these deals or companies. The only purpose of this segment is to save you money.