Financial Advisory on Saving When Shopping

Everyone wishes to be rich, to wear the best clothes and have a whole room filled with classy shoes. However, in creation of wealth and money management towards richness and sustainability, money must be saved.

The best money saving avenue is the shopping avenue or street. You spend a lot of money shopping and if you would postpone a purchase, you will realize a lot in terms of savings. Financial experts have compiled the following shopping advice to help you save money:

1. Widening your shopping lanes

Instead of rushing to the website, mall or convenience store you have been making most of your purchases for years, search for alternatives. There are many places and people to buy from.

The first way of saving is finding someone who maybe selling what you are searching for. Chances are, you will find a friend, stranger or family member selling a similar item in perfect condition but at a considerably low price.

You should also take advantage of bulk purchases. Buying in bulk is cheaper than buying individual items. There are good discounts that come with bulk shopping.

2. Consider substitutes

You may have gone shopping with a particular item or brand of an item in mind. Reaching the shop, you find that the item is more expensive than you thought. Rather than making that unplanned purchase, consider available substitutes for the item.

Even if it’s shoes or handbag, you will find a substitute at a reasonable or budgeted price. As long as the alternative gets the work done, or gives you the opportunity to do something more important at a lower or zero cost, go for it.

3. Shop at the right time

This doesn’t mean when there are few people in the mall. Rather, it entails shopping when stores have deals, discounts, coupons and clearance sales. The deals on boutique clothing wholesale do not mean lowered quality. Price cuts could be a marketing move or a chance to get more space for new products into the store.

The quality of products on offer is rarely compromised. This is therefore the perfect opportunity to save up. Price comparisons in different shops could also be your perfect chance to spend less for more.

4. Bargains

There are shops that allow bargaining or price negotiations. If the shop you are visiting allows bargaining, take advantage of the opportunity and ask for a discount. There is no shame in asking for a price reduction. Most clothing stores offer bargains and their prices are negotiable.

5. Importance of the item (need or want)

How important is the item? Will I need it after using it this one time? If you do not put much importance in the items or you won’t need it after using it once, there isn’t a need for making the purchase. Maybe borrow it if it’s an item that can be shared.

In conclusion, these shopping strategies will save you money but you must develop limited spending habits. By setting a target for the amount of money you wish to save at the end of the month or year, you will be forced to adjust your spending to save up more. Take advantage of these simple shopping hacks to shop more with less.

Author Bio

David Wicks is a financial advisor and a fashion entrepreneur with a renowned fashion line operating as a boutique clothing wholesale store. Read more on his website to save more while dressing fashionably well.

Tags: saving when shopping

Category: Online Shopping, Saving Money