Costly Mistakes Shoppers Make (And How To Avoid Them)
Shopping – either for needs or wants – is likely something you do frequently. Be aware of these six costly errors shoppers make and how to avoid them.
Whether you’re buying clothes, groceries, or items just for fun, shopping is likely something you do frequently. You may shop online or visit stores in person, but in the end, you’ll exchange your money for the items you want and need.
Making mistakes as you shop is common and can literally cost you. Whether it’s spending too much on the things you don’t need or paying too much for necessities, the numbers can add up. Here are six costly errors shoppers make and how you can avoid them.
Six Costly Mistakes
Buying Just Because It’s On Sale
Stores love those flashy 70% and 80% off signs, and so do shoppers. And while those deep discounts can be compelling, buying just because an item is on sale is a big mistake. If you need it and it’s on sale, great; if not, leave it where it is.
Overspending To Rack Up Credit Card Rewards
Buying everyday purchases with credit cards is a great way to rack up rewards, but spending more than your budget allows to gain additional points won’t do you any good. The credit card companies want you to overspend, and it’s up to you to disappoint them.
Failing To Track Your Spending
From everyday groceries to dinners out to the occasional splurges on nice clothes, knowing how much you’re spending is essential. Keep track of your spending with an online tool or a traditional spreadsheet.
Budgeting
Ready to take control of your finances? See what steps to follow to develop a spending and saving plan and follow through on it.
Falling For The Checkout Line Trap
Whether you’re shopping for groceries, clothes, or something else, stores know you’ll spend time in the checkout line and will include additional items for you to add to your cart. Falling for the checkout line trap could be costly, so keep your hands and eyes on your cart.
Not Checking Prices Online
One of the great things about shopping online is how easy it is to compare prices. Spending a little time checking prices online before buying in store is a great way to spend less.
Not Keeping Your Receipts
Hopefully, every item you purchase will work flawlessly and you’ll never have to initiate a return. But if you need to return a defective item or something that didn’t work out, having your receipts handy will make the process easier. Not keeping your receipts could be a big mistake, so keep them somewhere safe in case you need them.
Summary
Shopping and spending money doesn’t have to be daunting. Whether it’s the grocery store, online, the shopping mall, or somewhere else, avoiding the mistakes listed above can help to make your shopping a more enjoyable experience.
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