Thursday, August 16, 2012
4 Ways to Avoid Wasting Money
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4 Ways to Avoid Wasting Money
Are you tired of seeing your money go down the toilet? Do you wish that there was something you could do to avoid wasting your hard earned cash? If so, you might be pleased to know that there are a few precautions you can take to reduce your chances of spending money unnecessarily. If you know how and when to shop for the products you need, you will be able to buy everything you want without having to worry about what you're spending. Here are some simple ways to preserve your money.
Buy at the Right Time
Don't get something when it first comes out. Wait for a couple months when it goes on sale. If you are buying a car, get something that is a couple years old to avoid losing a ton of money in depreciation. If you're buying an electronic, wait until it is no longer the new hot item that everyone else wants. Once you are able to wait for the sales, you can literally get anything you want for a lower price than other people paid. It's all a matter of seizing an opportunity when it comes to you.
Read the Reviews
If 80% of the population hates a certain product, chances are it's pretty bad. You won't know that though unless you look over the product reviews. There is no easier way to determine what you should and should not buy because most people will be honest about what they like in a product. You have to be careful about which site you trust, as there are some out there that only review products for profit. If a review seems too positive to be true, it probably is.
Pay in Cash
Before you even think about paying for something through financing, you might want to consider all of the money you will be throwing away in interest throughout the loan. There is nothing wrong with getting financed when you need to, but you are going to lose a lot of money that way. By saving for your purchase in cash, you will be able to avoid the interest and potentially negotiate a better deal on your purchase.
Set a Budget
At the end of the day, you really just need to set a budget and stick to it. If you see something you really like, first thing about what that money could be used for. Could you pay off a bill with it? Could you go on vacation with it? Could you send your kid to college with it? What else could you be doing with that money? Asking yourself those kinds of questions will keep you on a financial track every time.
About the Author: Lillian Beatrum is an avid shopper who prides herself in saving money every time she buys. She uses crowdsourced product reviews to learn about anything she needs before she buys it because the reviews there help her pick the good from the bad. With sound shopping decisions, you could be in the same situation she is in.
Are you tired of seeing your money go down the toilet? Do you wish that there was something you could do to avoid wasting your hard earned cash? If so, you might be pleased to know that there are a few precautions you can take to reduce your chances of spending money unnecessarily. If you know how and when to shop for the products you need, you will be able to buy everything you want without having to worry about what you're spending. Here are some simple ways to preserve your money.
Buy at the Right Time
Don't get something when it first comes out. Wait for a couple months when it goes on sale. If you are buying a car, get something that is a couple years old to avoid losing a ton of money in depreciation. If you're buying an electronic, wait until it is no longer the new hot item that everyone else wants. Once you are able to wait for the sales, you can literally get anything you want for a lower price than other people paid. It's all a matter of seizing an opportunity when it comes to you.Read the Reviews
If 80% of the population hates a certain product, chances are it's pretty bad. You won't know that though unless you look over the product reviews. There is no easier way to determine what you should and should not buy because most people will be honest about what they like in a product. You have to be careful about which site you trust, as there are some out there that only review products for profit. If a review seems too positive to be true, it probably is.
Pay in Cash
Before you even think about paying for something through financing, you might want to consider all of the money you will be throwing away in interest throughout the loan. There is nothing wrong with getting financed when you need to, but you are going to lose a lot of money that way. By saving for your purchase in cash, you will be able to avoid the interest and potentially negotiate a better deal on your purchase.
Set a Budget
At the end of the day, you really just need to set a budget and stick to it. If you see something you really like, first thing about what that money could be used for. Could you pay off a bill with it? Could you go on vacation with it? Could you send your kid to college with it? What else could you be doing with that money? Asking yourself those kinds of questions will keep you on a financial track every time.
About the Author: Lillian Beatrum is an avid shopper who prides herself in saving money every time she buys. She uses crowdsourced product reviews to learn about anything she needs before she buys it because the reviews there help her pick the good from the bad. With sound shopping decisions, you could be in the same situation she is in.
This post was written by: Franklin Manuel
Franklin Manuel is a professional blogger, web designer and front end web developer. Follow him on Twitter
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