Financial Fitness Tips: Shop Smarter!

Tip 3: Shop Smarter!

A smart shopper uses the internet to research and purchase consumer goods like clothing, electronics and furniture. [iPhone users: download a free app (there are many) that will show where on the internet and at what price you can buy a particular item, simply by taking a photo of its barcode.]

There are many online sites for coupons, and we are not just talking grocery items! But, use coupons with caution. They can provide you with great savings, but can lose their benefit when you purchase things solely because you have a coupon for them.

No matter what, always stick to your shopping list! It is your guide to staying on task and under budget. Be conscious of what you really need, reduce unnecessary frills such as subscriptions you don’t use or could live without, including extra services like DVR or voicemail on multiple lines. Be savvy, shop sales and buy in bulk.

Whether it is clothing or household staples like bedding, buy inexpensive fad pieces and invest in the classics. This way, you will have more flexibility when you need a change. When you have clothes or other items to discard, consider consignment. Not only can you find some great pieces in these stores, you can sell your old clothing and make a few extra dollars!

Takeaway: Take time to plan purchases in advance.