Spend time to save money
On a daily basis, we are tempted with so-called “incredible offers” and “Sales” that we should not ignore. Or should we?
Rushing into buying something is the purest form of careless spending. On a daily basis, we are tempted with so-called “incredible offers” that we should not ignore. Or should we?
Advertising messages are so embedded in our weekly routine that we tend to pay particular attention any time we see a discount. In some instances, we see those offers as good deals, even when they might just be a promotional trick.
Take time to compare prices.
It does not even matter how good a deal seems. Double-checking alternatives might be incredibly profitable when you find a better price or deal. In the internet era, it’s always worth taking some time to go online and see what is available.
Being willing to take your time also gives you a negotiating advantage. Purchasing something you need urgently will give you fewer options to consider and you might be forced to go with whatever price you’ve been given.
Saving money versus saving time.
In certain cases, you’ll find yourself in an unusual situation where you might consider paying a slightly higher price to save a lot of time. Those are the moments where to get something cheaper would require you to spend most of your day window-shopping or travelling a long distance to get what you need.
In this situation, it is worth considering how much value you give to your time. Is saving a bit worth you spending a long time searching for a better option? This particularly applies when your time is more profitable than potential savings.
At the end of the day, it is important to think carefully before making a purchase. The bigger the expense, the longer you need to consider your options. If you follow this as a rule of thumb, you will definitely end up with fewer unnecessary expenses and more money in your pocket.