Every day we wake up taking a new pledge that now we have to be calculative, constrained and more resolute in our thought. But at the days’ end, most of us remain at the same place and push our resolution for a new dawn. As a result, this not only affects our core financial goals but also affects the overall savings process, which affects our lifestyle.
Seven tips for smart buying habits
Maintain a strict budget
Whenever you go out shopping, you make a shopping list, but then you come home with a lot of staff that are either less useful or merely useless. So, whenever you are into the shopping spree take some time and think about your budget before buying something. Try to maintain a strict budget and don’t fall prey to the impulse of unnecessary purchase.
Use a budgeting app
The best way to keep track of your spending is by using a budgeting app. This application always helps you to have an analysis of your income and spending so that you can maintain a budget for your overall needs which includes shopping, medical expenses, grocery and daily essentials. Moreover, it will also give you an overall perspective of your financial standing.
Better leave your credit card at home
Most of the studies have indicated that carrying credit card to the shopping can lead to more spending. It happens because a credit card provides you with the option of instant credit facility which lured most people to spend extra than their required needs. Better you can carry a debit card while you go out shopping or carry cash as it will help you to remain contained within your required needs.
Try to complete your shopping in one trip
From the shopping context, the more places you visit, whether it’s online or offline chances are that your wishlist will keep getting larger. So try to do your overall shopping under one area so that you don’t fall prey to the impulse of rush purchasing. You will also be going to find that retailers tend to give you more offers on bulk buying, but it won’t justify if half of that bulk buying of yours tend to be useless. So completing your shopping in one round will not only help you to save your money but also help to stick to a strict budget.
Keep an eye on the rebate programmes
Nowadays from online to offline every shopping medium provide discount and rebates so keep an eye on the latest offers so that you can save your money. You can check out the latest deals like Flipkart offers today as they help you in getting reward and cashback on shopping. Moreover, the brick-and-mortar store also provides a rewarding experience for the customer.
Earn by being a mystery shopper
The concept of mystery shopping is a bit different from normal shopping. Here you won’t get any rebate but still can make savings by paying a visiting to a shop and then buying something and later pay through a review of your experience. But then you can’t be a mystery shopper on yourself and need to involve with some guide that provides the option of the mystery shopping.
Keep a check on your everyday essentials
Don’t wait to run out of the essentials instead buy the essentials beforehand when the store offer discounts and offers. These will help you to save a lot of money on your monthly budget. Besides, the chances are that you can use different cashback offers and coupons to save on buying your essentials. But leaving them for the last minute will only lessen your chances to avoid the extra penny that you could add to your savings.
Make a buying decision worth your requirement
You can only save your money in a smarter way when you know how to spend them. So, first of all, have a better understanding of your financial condition and then follow a procedure that will not only help you to meet your present requirement but also help you to save a substantial amount of money in the long run.
Krishna Murthy is the senior publisher at Finance XOD. He is not only the senior publisher but also the owner of Tricky Finance. Krishna Murthy was one of the brilliant students during his college days. He completed his education in MBA (Master of Business Administration), and he is currently managing the all workload for sharing the best banking information over the internet. The main purpose of starting Tricky Finance is to provide all the precious information related to businesses and the banks to his readers.