Shopping spree is fun, and we cannot ignore the fact that shopping is a significant activity. But most often we as shoppers don’t realise that shopping comes with loopholes too, just like everything has another side to it. And, there is one point where every shopper no matter how rational or savvy they are they commit some common mistakes. They end up getting charged more than what they saved from other products.
But what if we tell you those common mistakes so that next time when you are out shopping, you know what not to do or rather what to avoid?
- Letting impulse take control: This is a common mistake that people make. Whenever they see an advertisement on television or on social media that connects to them or has been promoted by their favourite celebrities, they run for buying the product irrespective of the fact that they need it or not. There is a slight difference between need and want, every shopper should know about it well.
- Swiping Credit Cards to avail discount: There is always a reason behind discounts that any store introduces, and that’s when shoppers don’t think rationally. Just because an item is available at huge discounts even when you know it is out of your budget doesn’t mean you have to buy it. Often stores double the price of an item and then sell it at a discount, and people swipe their credit cards to buy them. Do you realise that the interest on your credit card will be more than the discounted amount?
- Getting tempted by expensive items: Some shoppers get attracted to a product because of its price. Yes, it may appear absurd to some people, but it, however, is correct. Just because you have got the money to go on a shopping spree doesn’t mean you have to buy those expensive items that you will never clearly need. This applies for when you are buying gifts for your loved ones. Instead of going for a gift item just because it is expensive but something that connects to the personality or needs of the person.
- Not following a budget or shopping list: The original rule for shopping has always been to prepare a shopping list and then following it accordingly. This one is a common loophole in plenty of shoppers to not follow a shopping list and then stuff unnecessary items in your shopping bag/cart. Also, stuff your wallet with an amount that equals to your shopping list. By doing so, you won’t be able to purchase anything unnecessary. Just in case the cash falls short remove an item that can be purchased later. This saves your money as well.
- Depending too much on Credit Cards: Just because you own a credit card, it doesn’t mean you have to utilize it every time you go shopping. Most of the shoppers make this common mistake of depending upon their credit card to shop even when it is not required. What you don’t realise is the accumulated interests that you have to pay annually becomes so high.
- Ignoring Return/Refund Policies: Another common mistake on the part of shoppers who are committed to online shopping. When you order an item from a website, you should look into their return and refund policies well. Whether they accept returns and how do they initiate a refund, whether they pick up return items on their own or you have to arrange shipping. These things ignored often trap the customers and then you are left with a product that probably doesn’t fit you or is defective.
- Buying more to save more: There is this common mistake that to save more money you should stock more. Often shoppers buy items in massive quantity to avail a discount or save some amount. What shoppers don’t realise is that the items purchased can get expired even before you used/consumed them.
- Not reading reviews: Another common mistake that is often committed or instead ignored is reading reviews of the latest products. When a new product has been launched, and you know nothing about it, then the best thing one should do is wait for the reviews to come up. Then, decide whether to buy it or not.
- Using Shopping as a therapy: There is no harm in using shopping as a therapy until you are sensible or rational enough to realise that you don’t have to buy too many products that are expensive or useless.