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Smart Shopping Tips

During holiday sales, it’s easy to end up buying a bunch of items we didn’t really need. If you’re hoping to get your shopping under control and be more financially responsible this holiday season, here are some shopping rules to follow.

Make A Shopping List

By making a shopping list of things you would like to buy beforehand, you significantly reduce the risk of impulse purchases. When it comes to gifts for the holidays its best to keep a running list of ideas for others and yourself throughout the year. Then when it comes time to shop you already have your list of ideas and don’t need to run around to find present ideas and end up buying more than you needed.

Buy What You Actually Need

People who love shopping are excellent at convincing themselves that they need that new purchase they’re eyeing. However, more often than not, we don’t really need that impulse purchase. The sooner you can differentiate between need and want, the better off your bank account will be.

Learn to Tell When Something Is Truly a Good Price

Just because a product is discounted doesn’t mean it’s actually a great price. Sometimes, stores will even markup their prices significantly so that their sales seem more impressive than they really are. Before you label any purchase as a great deal, pull out your cell phone and see if the prices online reflect that belief.

Keep The Receipts

However, in case you were unable to avoid impulse purchases, or you learn your mom already received four perfumes as a present this year, it’s crucial to have a receipt in order to make a return.

Take Advantage of Online Shopping

There are benefits to online shopping, like tracking discounts for the items you are looking for, and to comparing across several shopping platforms.

Set A Limit on Your Shopping Budget

When shopping, set a clear budget for what you are shopping for. Consider taking out cash so that that you will not spend too much and can keep track of your expenditures. 

In today’s world of high-spending and countless shopping options, it’s easy to get swept up in a consumer-driven world. By following these simple but effective shopping rules, you’ll be able to shop more purposefully and prevent yourself from needlessly spending money.


Sources & enhancements by Credit Union of Denver

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