Kickstart your smarter shopping habits for 2020
We have gathered our 10 best tips so you can kickstart your smarter shopping habits for 2020.
1. Set a shopping budget - and stick to it!
Start by listing your income and all expenses + savings. Distribute what you have left over to categories that matter to you, such as gaming, sports or other things that you know you want to spend money on. If you don’t use the amount you have set aside - leave it until you need to buy something within that category.
2. Make smart choices and save money at the same time
Every time you buy something - make a habit of saving the price difference between the price you pay and the highest price you could have paid. Instead of giving away money to some random shop, the money you actually saved goes into your own pocket.
Example: If you buy a new game controller for £34.99, - instead of £67.99 - which is the price in the most expensive shop. Put the price difference of £33 in your savings account. Do this on everything you buy and you’ll quickly build up a nice sum.
3. Make sure to buy when the price is right
Avoid panic shopping in the expensive corner shop and create alerts on your favourite products before you run out. Then you can easily buy them when the price is at its best. And if the price is good, make sure to stock up so you have a few in your bathroom drawer.
4. Plan your purchases
Do you buy a gift on the way to the birthday party and a new TV the day before an important championship? Chances are you’ll choose the wrong product and pay more than you need. Try to think a month ahead - who’s birthday is coming up? Do you need something for spring?
Make a plan for what to buy - and start your research well in advance. This also makes it easier to save up some money, so you don’t have to be broke in April because your whole family’s birthdays are coming up in the same month.
(Super tip: start spending money on Christmas gifts right now - you'll thank yourself in December).
5. Compare products
Do you really need the latest model? When a new model is launched, previous models often go down in price. If you have the patience to wait, even the latest models will go down in price after a while. It is also important to compare products because some shops have different names for very similar products, and small differences in functionality can mean unnecessary price differences.
6. Buying second hand products? Check the starting price
In many cases, it may be a good idea to consider a used example. Then it can be smart to know what the new version costs - some sellers can set unreasonably high prices, and by knowing the starting price you can easily negotiate for a better price.
7. Take advantage of price guarantees
If you buy something from a shop with a price guarantee, it may be wise to keep or set up a price alert even after you purchased the product. If the price goes down right after you bought it, you may be entitled to get the difference back.
8. Quality over quantity
In many cases, it may be worthwhile to buy quality products over quantity. You may have to pay a little more there and then, but in the long run, you can save money. Quality products also often come with a warranty for a certain period, for example, a 5-year warranty. Keep receipts and record your purchase if necessary.
9. Buy out of season
Some products may be worth buying out of season. If you’re looking for great bargains, plan ahead for the things you know you need for next season. Check the price history of the product you intend to buy to easily see when the price is at its best.
10. Use discount codes
Make it a habit to always look up discount codes when buying something. The discount codes are not always visible on the online shop’s' own pages.