How to control the shopping expenses?
Posted on: 09/Apr/2018 6:48:25 PM
Almost all of us are aware about the various exchange of info about shopping habits and shopping craze. The shopping must be based only on the requirement of essential things needed - otherwise, the shopping exercise usually ends up with excess unnecessary expenses and affects he financial situation.
So, it is really advisable to control the excessive shopping impulse. Here are a few steps to control this excess shopping impulse:
It is not only important to restrict the purchase within the funds on hand – it is also important to totally avoid the avenue of using the money not on hand (credit card, etc.). In other word, do not spend thinking about the money to be earned in future. In case a promotion or a salary hike is expected in the next few months, there may be tendency to get enthusiastic and spend more than necessary. However, please note – let the money come to hand and then only think about using it.
The extent of saving: Everyone likes to avail all the discount or concessional offers. However, when going for buying such discounted items, we tend to ignore the main priority of the total expense planned and involved while getting carried away with the attractive offer. For example, when there is a 25% discount offer on a particular time, explore whether the item is really needed and then only decide.
Check the time when there is a real necessity: Note that these discount offers play a huge role leading to unnecessary and excessive buying. We tend to buy as soon as we see the price is much lower. However, we dot think whether it is really needed. So, it is better always to prepare a list of items to be bought before entering the shopping and in case the discounted item offered is in the list, go ahead and buy.
Debit trap: When the credit card is on hand, most of us tend to buy more than needed. The excess credit available through the card ply a large role in this lane of thinking. Strictly avoid the approach thing making the lower 1st payment and paying the rest later – this will definitely lead into the debt trap. Confirm each item before buying whether it is really required.
Be careful on the concessions: Many companies make concessional offers or discount coupons or credit points. However, on checking these, it will be revealed that it would amount to more expenses.Only if the item to be both is really useful on a consistent basis, you may think about the membership discounts on offer. Even then, it would be wiser to check the total expenses and ascertain whether it is really beneficial.
