Who doesn’t like to shop? The ones saying “I”, are the rare lot. Majority of the people like to shop, either for themselves or for their near and dear ones. Some people are so in love with shopping that they are not particular about the products they buy, they just want to shop. Sometimes this may get you into trouble.
Here are a few ways one can ensure they don’t go overboard shopping and end up in some debt:
Budget – Always have a budget. Having a budget for a particular shopping spree, works out only for those who shop rarely. For those who shop regularly, having a monthly budget will be a safer option. This will limit your spending and help you keep track of your expenses.
Sale – Today, there is a sale almost throughout the year. Yes, some sales are better than the others but shopping during sale time will help you save money, provided you are aware of the trending rates. Some stores mark up their selling price and give a discount on it. In the end, you are not really saving anything. So if you are shopping during sale time, ensure you check the actual rates first.
Cash – Use cash rather than a card while purchasing. This helps you realize how much money you are actually spending as you will be counting out the cash everytime. This makes you more conscious about your spending and helps you to keep it in check.
List – In the beginning of the month, list out the absolute necessities you have to buy that month. Budget for them and then calculate the amount you are left with for other shopping. In this list, apart from groceries and essential items, make note of anniversaries and birthdays you will have to buy gifts for too. Though it is not possible to remember all occasions and one cannot gauge when they will be invited for a party, when you are aware of an event, factor it in.