How Not To Spend Money

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If you want to spend less money, you have to have power of the purchase. Most of us aren’t shopping addicts; we just tend to go over board from time to time. However, if you are seriously trying to save money you can make it easier by thinking before buying. Here are some tricks to help you gain some purchasing power.  header_gift_bags_02.jpg

1.  Bring cash . People generally take their time when they shop with cash. The slower you shop the more power you have over your purchases. Cash also helps you to budget wiser.  If you go to the mall with only 100 dollars you really can’t spend 200, thus you are forced to stay within your price range and budget.

People are also more connected to the shopping experience when they use cash. They are more aware of what they are buying and using cash lets them physically see that they are parting with their money. This actually makes them hesitate when they have to buy anything. The phrase “no, I don’t really need that” comes up a lot more when people use cash.

2. Wear what you love . If you’re going out for new pair of jeans, wear a pair that you own and love. If what you try on makes you feel better than the one you own then you know it’s worth spending your money on. This works great if you are simply accompanying people to the mall and know you will be tempted to shop. By wearing something that makes you feel good already you are more likely to stop and deliberate. This gives you purchasing power and helps you spend less.

3. Browse and compare. Ever bought something and then realized you could have gotten it somewhere else for less?  To help you curb your spending, go online and find out what deals are being offered by different shops. This way you can quickly compare which store has what you need for the best price.

4. Make a list of what you NEED. Part of the reason we spend more than we need to is because we don’t have a clear idea of what we’re supposed to be buying. I don’t just mean knowing you need to buy a winter coat but what you need from that coat.

If you make a clear list that lets you know the features your item should have your less likely to waste time and money on something else.  In the case of the winter coat, let’s say you need a casual one, with a hood, in a wool blend material preferably black. You won’t look at a winter coat for dressy occasions, in a red color. The more focused you are when spending the less you spend. You’ve trained your brain for that moment to block anything that doesn’t meet the criteria.

5.  Eat before you go. If you’re going grocery shopping eat something light. Being hungry makes you fill your cart with things you want to eat then and there. This makes you spend more money.

6. Read consumer reviews. Even if you think yes, I am absolutely going to buy this, take a minute to read consumer blogs and websites. It’s amazing what you can learn about products and even companies. It makes you think twice about the purchase.

7. Read up on companies. There isn’t a worse feeling then buying a product from a company whose ethics is questionable to you.  CorporateRegister.com keeps several years worth of reports from nearly 5,000 international companies in its online database. Do the research, before you buy.

8. Shop with an honest person. If you’re one of those people that fall for marketing tactics then it’s a good idea to shop with an honest friend. Someone who doesn’t mind saying “you don’t need that.”

9.  Negotiate: Nearly all prices are negotiable. Even if you can’t get the price dropped, ask the manager or owner to throw in a free item. For example, if you bought an mp3 player ask for a free case or headphones. Most people simply accept the prices displayed but you don’t have to, especially if you are shopping in a small boutique; ask the owner for a discount.

You can’t avoid spending money but you can spend less and buy the best products for you. The goal is to buy products you’ll use and have power over purchase.

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