Friday, February 11, 2011

Tips on Saving Money When Shopping

There you are standing in line in the cashier of your favorite shopping store, trying to salvage all of the coins from your purse because you have spent way too much on shopping. You certainly do not want this embarrassing event to happen to you. This only stresses out the importance of looking after your budget when shopping. While it is sometimes impossible to stop yourself from spending too much when you are in the mood for a shopping spree, following a few money saving tips when shopping will help you enjoy the whole shopping experience without compromising your budget.

Consider other options aside from shopping. Sometimes it is important to ask yourself if you really need to buy something. It is probably not a good idea to buy things that you will end up using only once like clothes, books or tools. Consider renting or borrowing instead. You can borrow tools or clothes for one-time use from friends or family. Rentals are also a much cheaper alternative compared to buying. Books, magazines and other reading material can be borrowed from the library instead of buying one.

Try to bargain. Haggling is usually frowned upon in high-end shops but in small boutiques and markets, bargaining is a great way to save money. Ask the salesperson if you can get the item at a lower price. This is also a great money-saving strategy when you are buying in bulk. Items with some minor defects can also be negotiated to be sold at a lower price.

Be open to other alternatives. There are times when you can get a similar item at a much lower price. Be open to make substitutions. Sometimes there is a great different in price between a more popular brand than a less popular one when in fact the items look alike and are most likely of the same quality. In addition, before making a big purchase, decide if you really need to buy the item. Think of other things that you could be spending the money on which could offer you the same kind of satisfaction like choosing to go on a vacation over a very expensive purse.

These are just a few tips for you to remember in order to save money when shopping. These might just be little things but you will be surprised how much you can save when they all add up.

G.S. Lacdao is a freelancer who writes for Coin Collecting where you can find information on vintage and rare coins and chat with other members via the online forum.

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