Save Money and Time by Being a Smart Shopper

25
August

Families and individuals alike have cut back on certain luxuries to have more money for necessities. As a result, retirement and savings accounts are suffering. What makes the situation worse is that the same amount of work, if not more work, has to be done for the same amount or even less money. How does one save himself from the added stress, less money and even less free time? There are a few things that one can do to achieve that. Here are a few suggestions that are simple to do, yet effective enough to have a major impact on an entire lifestyle and financial well-being.

Plan Shopping Trips
Whether it is grocery shopping, clothes shopping or electronics shopping, planning the trip before making it is beneficial in more than one way. Planning can include either or all of the following: creating a list, setting a budget and deciding which stores to visit. Creating a shopping list for the grocery store, for instance, and sticking to it will ensure that no unnecessary items are picked up. A set budget decreases overspending, like at a clothing store, where it is very easy to overspend on the latest fashions and accessories. Deciding which specific stores to visit is mainly beneficial to saving money on gas. Visits to stores that are in opposite direction of each other can be horrible for gas mileage, which means more money is spent on gas. Go on shopping trips to stores that are in the same area to conserve both gas and time. Also, visiting more stores may increase the desire to spend more money. Reduce the chance of that happening. Have a plan set before venturing out on a shopping trip.

Get Information Before Spending Money
This tip goes beyond simple grocery shopping, but does not completely exclude it. When making a larger purchase, like a car or electronic product, do not buy what is cheapest, but do not buy the most popular brand. Just because money may be tight and it is tempting to buy what costs the least, does not mean that is the best thing to do. Do some research about different brands and companies. Read consumer reviews as well as expert reviews and, if possible, ask an expert some questions about the product before making a decision. Consider warranties and return policies. Quality is something that should always be taken into consideration. A poor quality product could mean having to buy another product and adding stress. Where grocery shopping is concerned, try buying generic products. Many of them are of the same quality as name brands. A name brand does not mean the best bang for a buck.

Shop Around
After gathering information about a future purchase, compare different store prices. The same item may be for sale online for a much cheaper price than in a store. Most stores have competitive prices, but some may offer special discounts or rebates that others do not. Checking with more than one merchant and scanning classified ads for a specific item could ensure a good deal for both buyer and seller. When shopping for groceries, scan the circulars and see what is on sale and what is not. Look at more than one store circular. Do not be afraid to try shopping at different stores.

Clip Coupons
With financial times being more difficult now than before, more people are clipping coupons. Many stay-at-home mothers and bloggers have created websites and classes dedicated to the art of coupon clipping. Many report cutting their grocery bills in half and some even report actually getting money from the grocery store. About an hour every week dedicated to coupon clipping combined with a shopping plan can equal a substantial amount of money being saved. It works best, however, to clip coupons for items that will actually be used. If coupons are used for products that are not typically part of the shopping list, then more money can be spent rather than saved, which defeats the purpose of clipping coupons.

Following this advice will help repurpose a budget and create more room for financial freedom. None of it is time-consuming, but all of it is beneficial. Save more money.

This post was written by

jason – who has written posts on Budget Clowns.
Father of three and married to a lovely women. Always looking for ways to save money, and invest it properly for my children's future.

Email  • Google + • Twitter

Comments are closed.