If you want to have a comfortable living and successful life, you must plan out the most important aspects of life carefully. Among the top priorities should be your finances and the way they’re spent.
Nowadays, we can choose from a wide array of products at different prices any time we’re ready to shop. Becoming a smart shopper and saving money on everyday purchases is not that hard as it doesn’t require any special training.
When it comes to obtaining financial freedom, smart spending has to become a part of the overall life plan. It can be easily accomplished if you can stick to these words of wisdom for navigating life and coping better with life’s challenges. Create good spending habits as they greatly influence the trajectory of your life.
1. Find Alternative Ways to Shop
Shopping catalogues are a great starting point for your online shopping, since they’ve been around for years and grew in popularity stronger than ever before. Catalogue shopping offers a number of advantages like allowing customers to shop from the comfort of their home, find discounts a lot easier, and providing a very organized, hassle-free shopping experience. In addition, the customers who might find themselves getting refused a credit account may turn to no credit check catalogues or catalogues for bad credit.
Buying in bulk or through discount stores can be a great source for the same products you usually buy at specialized stores at higher prices. For instance, in drugstores, even inexpensive items like toothpaste and shampoo can be found at a significantly higher price.
Estate sales, moving sales, and garage sales offer different types of merchandise at lower prices than retail stores, especially when it comes to items that you don’t necessarily need immediately, like dishes or canning jars. So when such an opportunity arises, make sure you make the most use of it and save on your purchases.
2. Make A List And Find Affordable Alternatives
If you want to buy a certain product that doesn’t exactly fit into your budget, think about buying a similar but cheaper one. For instance, Amazon is packed with designer dupes and designer-inspired items that can help you freshen up your wardrobe at very affordable prices.
In addition, you should consider making wish lists. This can help prevent impulse shopping. Having a never-ending wish list decreases your chances of buying items you hadn’t even considered buying before. Looking at it will make you stop and think whether the item in question is really necessary and whether it’s more important for you to have that item or save money for that long-desired vacation.
3. Don’t Rush It
Buying an item at the first store you see isn’t a good idea because it’s very likely that you’ll find it at a smaller price someplace else. This is especially true for expensive items, where comparing prices can help you save a substantial sum of money, as well as when shopping online where comparing prices is very easy.
Combining sales with coupons is a great way to save some extra money. Consider using websites that offer free printable coupons. When shopping online, always begin by searching for the store’s name plus “coupon code”. Many websites advertise coupon codes that offer savings like 15% off the entire purchase or $5 off shipping fees.
Waiting to buy something until you need it will very likely mean paying the regular price, but a little planning in advance can help you save some money. For instance, the prices of electronic goods like smartphones usually go down once a newer model comes out. Black Friday sales are also an excellent time to score popular or expensive items. On the other hand, everyday items such as cosmetics, toiletries, and groceries will always go on sale eventually, giving you a chance to stock up on your favorite brands. When it comes to clothes, if you’re not one of those people carefully following fashion trends and you don’t mind waiting until next year to wear the items, apparel is always on sale at the end of the season.
4. Negotiate the Price
Have you considered negotiating a price? Of course, this isn’t always possible, but if you sense there is room to negotiate, go for it. For instance, many stores are willing to offer a discount on cosmetically damaged items as they tend to be more difficult to sell. Or, if a salesperson pushes you to buy a number of accessories with a new laptop, then you can definitely ask for a discount. Not to mention, buying items from a private party gives you a great opportunity to negotiate. You’re probably aware that you should never automatically pay the sticker price when buying a house or a car as in these situations the price is usually higher than the amount the seller is willing to accept.
In some situations, especially when buying an item from a private person, you might want to consider bartering. Admittedly, bartering is not something many people are willing to do, but if you have a valuable product or service to offer in exchange for what the other person is selling, it’s worth suggesting it.
5. You Don’t Always Need to Pay for It
If you don’t need the item right away, consider searching on community ad sites like Craigslist, Facebook Marketplace, or apps like Letgo and OfferUp to see if anyone wants to get rid of the item you want. Finally, think about whether you really need to buy the item or you can get away with just borrowing it. For instance, if you need a drill to install your new curtain rods, simply borrow it from somebody instead of investing in a brand new one you’ll never use again. Finally, many home improvement stores offer tools for rent. Likewise, if you like reading, instead of splurging on the latest bestseller novel, why not just borrow it from the local library?
The ideas presented above may seem a little too restrictive, but they’re actually a great way to save some money without making huge sacrifices. Of course, you may not always choose the option that will save you the most money and you’ll opt for convenience instead, but at least you’ll know you’ve made an informed decision.