Is shopping draining your finances? These tips can help you save money

TomorrowMakers ™

Is shopping draining your finances? These tips can help you save money

31 October 2017
Take these tips to shop the smart way rather than crying overspent money.
 
 

Do you often come home after a shopping spree only to find that your credit card debt has sky rocketed? Well, if you have, don’t worry. You are not alone. Shopping can be fun, but it can also have a serious impact on your bank account. Here are a few tips to help you save money the next time you go shopping.

Compare prices

When you see a pretty handbag, it is possible to experience love at first sight. However, the important thing is to check your impulses. Don’t buy it right away. Check different shops or online retailers to see if you can find the bag at a more reasonable price. Comparing prices and then making a purchase could save you quite a bit of money.

Differentiate your wants from needs

While you may want to buy a gold-plated, diamond-encrusted iPhone flip cover, the question here is: do you need it? Ask yourself this question whenever you decide to buy something, especially if it is expensive. If you absolutely need to buy an item, then go ahead and make the purchase.

A SALE sign is not always your friend

Despite being an old gimmick, the SALE sign still works, especially during the festival season. Many buyers are seduced by such dubious declarations. A lot of times, shopkeepers inflate the price of the product and then put a ‘sale’ placard on them. The purchase may look like a bargain but very often, you’d find yourself paying the same amount even on non-sale days.

 

Look for offers

These days, whether it is online or offline, you will always find an offer somewhere. There are a lot of websites and apps that offer discount coupons and other such deals. As far as possible, try to make your purchases with these offers. It could end up saving you a lot of money in the long run.

Off season shopping

Home appliances like refrigerators and air-conditioners are usually costlier in the summer. But you can often get them at better prices when the cold is setting in. Therefore, it maybe a good idea to buy such items when the demand is low. Use this principle whenever you want to buy something expensive. Plan ahead and make your purchases at better deals.

To sum up

By following these tips, you can improve your spending habits, so that you don''t get a huge shock when you check your bank balance later.

 

Artworks that fetched the highest prices

POLL

 

MOST VIEWED CONTENT

Government schemes that can help women entrepreneurs grow their small businesses

Government schemes that can help women entrepreneurs grow their small businesses

Here are the different ways that women entrepreneurs are backed financially by various government schemes

5 Simple Things to Know About Maternity Insurance in India

5 Simple Things to Know About Maternity Insurance in India

A steep rise in maternity expenses over the years is forcing couples to look for options to fund this expense. Those buying maternity policies should understand the terms of these policies.

How women can save tax in India

How women can save tax in India

In India, there are numerous secrets to saving tax that only the most prudent investors know. Here’s what women need to know about the tax benefits they can avail.

Financial resolutions every woman should take this new year

Financial resolutions every woman should take this new year

This December, make some financial resolutions to have a financially healthy and happy new year.

5 Challenges faced by women entrepreneurs

5 Challenges faced by women entrepreneurs

When a woman sets out to start an entrepreneurial venture, she faces challenges that are different from those that men face.

Don't let your spouse or kids be your retirement plan. Here's how to build your own

Don't let your spouse or kids be your retirement plan. Here's how to build your own

It’s time you take control of things to ensure that you retire comfortably.

A step-by-step guide to planning your wedding on a budget

A step-by-step guide to planning your wedding on a budget

It is important to plan a wedding smartly so that you don't end up with a lot of debt.

boy

We would love to hear from you!

Question, comment or concern? Our contact form is the best way to get in touch. We will respond to you within 5 working days.

NEWSLETTER