Saving money can be difficult when you seem to need to buy something new every week, or more food every day! No matter what you’re buying, it’s true to say that for many of us, shopping takes up a large amount of our monthly budget. But do you really need everything you’re shopping for? Are there things you could cut out and save money on?
From food to new clothes, new gadgets to household goods, no matter what you’re looking to save money on, we’ve put together some top tips for saving money when shopping…
Research before you buy – if you aren’t sure about a product, check reviews online before you buy it. You don’t want to buy something, take it home and then realize it’s not as great as it seems – so read through what other people who have already bought the product have to say about it first. You may find that doing this leads you to a different, cheaper product you can buy instead.
Compare prices – check out the competition and shop around before you buy anything. It might be cheaper to do your weekly shop at a different supermarket, or you might save more than you realize by getting your electronics from a different website. Although it takes up a bit of time, comparing prices is definitely worth it in the long run if you end up spending less.
Don’t impulse buy – think carefully before making a purchase, especially if it’s expensive. You don’t want to regret your decision the next day so why not sleep on it and see if it’s as appealing in the morning – if it is, you know it’s the right decision to go ahead and buy it.
Make a list of what you buy – do you really need a coffee from Starbucks every morning on your way to work? Do you have to buy a new pair of shoes each month? If you take the time to work out what you spend your money, it’ll make it much easier for you to work out where you can make cuts. Make a list of everything you’ve bought this month and see what you can cut out for next month.
Beware of special offers – never buy something you don’t really need just because it’s on offer! Vouchers, cashback deals and special offers are fantastic if it’s for something you need so remember to keep an eye out for them, but don’t be fooled in to buying something you can easily live without. When grocery shopping, make sure the “special offer” is actually worth it – you may actually find it cheap to buy a different brand that isn’t on offer.
Why not make saving money on shopping a priority for the rest of the year and see how much you can really save?