Is shopping your best friend? Let’s find out!
- Does shopping help you relieve stress?
- Do you often go out to shop?
- Does retail therapy make you happy?
- Do you look forward to shopping
- Do you spend a lot of time shopping?
- When you are bored, do you open your phone and start shopping?
Hello fellow shopaholic!
Retail therapy does wonders and lifts up your mood like no other… until you check your bank account and go in a downward spiral, only to shop more to feel better. It looks like a loop, doesn’t it?
Well, we have a guide for you to help you save money while shopping with smart shopping tips and budget shopping tips.
A step-by-step guide with shopping tips to save money smartly:
Step 1: Budgeting Like A Pro
The first step is to create a budget and set a spending limit. This helps you to know how much to shop for and when to stop. You should also differentiate between necessities and luxuries with more allocation to necessities.
Step 2: Shopping List FTW!
Create a list of items you need before you start shopping, online or offline. You should try to stick to the list to avoid impulse purchases.
Step 3: Say No To Impulse Purchases
Think before buying, take a moment to consider whether you truly need an item or if it’s an impulse purchase. If it’s an expensive purchase, wait for a month to know if you really need it or not before deciding.
Step 4: Sales, Discounts, Promo Codes: Your BFF
Make sale season your shopping season and take advantage of the End of Season sales, sales around festivals, and Black Friday.
You can also look for discounts and promo codes that are available around the year.
To help you spend smartly, you can also use LXME Dream Card. You can avail great discounts on big brands when you pay using the Dream Card.
You can also opt for the Buy Now, Pay Later option available on a few platforms to make shopping more affordable.
Step 5: Compare Prices To Choose The Best
Get the best deal with price comparison tools available on various apps to compare prices across different retailers. It helps you choose products with the best prices and features.
Step 6: Be Loyal To Loyalty Programs
Join store loyalty programs of your favourite brands as the pros are never-ending. Earn points and receive exclusive discounts throughout the year. Some programs offer birthday discounts and early access to sales.
Step 7: Quality Over Quantity
Quality items may cost more initially but often last longer. When it comes to purchasing clothes, invest in classic, versatile pieces that can be mixed and matched. Buy good quality appliances to make them work for years to come.
Step 8: Be A Thriftie!
Explore thrift stores for unique finds at lower prices. You can often discover quality items at a fraction of the cost. You can buy refurbished items or second-hand items after inspecting them thoroughly.
Step 9: Get Creative & Upcycle
Instead of buying new items, consider repurposing or upcycling clothing and accessories. This not only saves money but also adds a personal touch to your style and helps you flex those creative muscles
Step 10: Take Care of Your Belongings
Extend the life of your belongings by following care instructions. This reduces the frequency of replacements and prevents them from getting damaged and wearing out.
By following these tips, you can make informed decisions, prioritize your spending, and shop wisely, ultimately saving money on shopping in the long run.
Share this blog with your friends and family who might need to save money while shopping.
How can I save money for shopping?
You can save money for shopping by managing and budgeting your after-tax salary. You can follow the 50:30:20 rule where you spend 50% of your after-tax salary on needs, 30% on wants & luxuries, and 20% on savings & investments.
You can splurge that 30% on shopping and retail therapy.
How to spend less money on shopping?
You can spend less on shopping with these smart shopping tips:
– You should create a budget for your shopping needs followed by a list of all the items you need to buy.
– You should look for sales, discounts, and promo codes, and compare the prices with other retailers.
– You should look for quality over quantity to save money in the long term.
– You should get creative and upcycle your clothes for a different style every time.
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