Share This Article
Just in time for the holidays, Young Americans Bank brings you our tips for how to be a savvy shopper!
1. Think before you buy
Do you really need this? Is this the one you want and will you still really, really want or need the item in a month? It’s your money – re-ally think about what you want to spend it on. If the purchase is a gift, will they truly like it and do they really need it? something that is more expensive might be a better buy because it is better quality and will last longer.
2. Compare, shop around
Is there a store that carries your item cheaper? Or something very similar but just as good and at a lower cost? Check the ads for sales, and look out for coupons. Note: Just because there’s a sale or you have a coupon, the product may not be a better deal than the same thing at a different location.
3. Budget
Set a spending limit for yourself and stick to it. When you’re limited in what you can buy, you usually make better choices. Start thinking about your shopping list a couple months out. This will give you time to really shop around and look for deals while saving and sticking to that budget.
4. Resist impulse shopping
Avoid buying things on impulse. You usually don’t buy things you really need or even really want when shopping this way and you tend to spend a lot more money.
5. Buy the basics
Some of the best gifts come from the heart. Use your time and talent to make gifts for family and friends, and all you need to buy are the basic materials.
Are you ready to get shopping? Use our Savvy Shopping Budget sheet to help you plan. Happy Holidays from Young Americans Bank!
