TomorrowMakers

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

save money while shopping

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.

How I did it

Praveen Nair
Retiree

Ever since I retired, I have looked forward to the festive season with added zeal. It is the buzz that I need once in a year in my laidback post-retirement life. I like to celebrate the occasion, get the house painted or renovated, buy gifts for my dear ones or go on a vacation. These things… Read more

Swati Mehra

A couple of years ago I was over the moon after landing my first job. I celebrated regally during the festive season that ensued, only to land in a financial soup for the next few months. With gargantuan credit card bills and barely any cash left, I had no other option but to default the payment… Read more

Rohansh Pathak

It is highly unlikely that all the expenses made during the festive season were worth making in the first place. This is the time of the year when unavoidable expenses are bound to upset your budget plans, and you can do little about it. However, I have made it a point to have a look at the… Read more

Rahila Khan
Homemaker

I am a single mother of one. I lost my husband just 5 years into my marriage. Life has been a struggle for me, but I have managed it and today I have no complaints. 

I was a young widow with a 3 year old son when my husband passed away due to a heart attack. My parents were my rock… Read more

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