Stay Within Your Budget: 5 Shopping Tips
Budgeting is an important part of establishing financial stability. Sometimes shopping can quickly obliterate even the most well-intentioned budget.
To keep your spending in check, here are 5 tips for shopping on a budget:
1. Grocery Shopping
Shopping on an empty stomach can be a bad idea. Being hungry may impair your judgement on impulse buys causing you to add unnecessary, sometimes unhealthy or overpriced items to your cart.
2. Pick a day, and shop only once a week.
Stopping frequently at stores permits you to spend more money. Pick a day that works with your schedule and try to stick to it each week (or bi-weekly). For some, that might mean Friday, if that’s your payday. For others, they may prefer to beat the rush and shop earlier in the week.
3. Get organized ahead of time.
Spend time thinking about a few meals you plan to prepare throughout the week. Inventory your cupboards, refrigerator, and freezer to see what supplies you are lacking. Prepare a grocery list, add to it as things get low, and stick to your list no matter how delicious those Oreos look.
4. Buying in Bulk
Buying in bulk can be cost effective, but not always the best way to save money. The best items to buy in bulk (and save money) include paper products, canned goods, laundry detergent, office supplies, and toiletries. Keep in mind that it is only a good buy if you’ll use the items you purchase.
5. Clothes Shopping
Shopping for clothes might be a huge budget breaker. If you’re looking for a special item without excessive cost, start at low-end retailers or thrift stores. Another option is to check with friends and family for hand-me-downs for children who might grow out of clothing quickly.
Coupons are a budget’s best friend!
Shop department stores when they’re offering a coupon on entire purchase price. If you aren’t receiving coupons currently, ask an associate about how to sign up for their mailing list.
Shop end-of-season sales
If you know what size you may need in the next season, stock up on items on opposite seasons. End of a season sales usually have deep discounts, clearance prices, and great deals on otherwise high-end items.
Remember, shopping on a budget requires buying with intention. A few tips include researching the best possible prices and keeping a way impulse buys.
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