Friday, June 3, 2011

Simple Savings: Don't Buy It!

I recently was talking to a friend who told me about all the great deals she had been getting.  She bought her husband lots of coats and they were so cheap.  The problem she had was that he wasn't wearing many of them.  As I returned home, I wondered how many coats someone really needs, regardless of how great a deal it was.  She would have saved more money by only purchasing 1 or 2 coats on sale and not spending the rest of the money.  Even if you may find a deal for 75 percent off, you still pay 25 percent for something you don't need.  You would save yourself more money by not buying the item.  So, before you purchase something, ask yourself if you really need it.  And if you do, how many do you really need?  Do you have something at home that will work already?  I wonder how much food is wasted by extreme shoppers and others who buy much more than they need.   With food, don't buy more than you can use by the expiration date.  If you think before you buy, you can end up saving yourself a lot of money.  For example, If you buy soda and chips, figure out how much money you spend each year buying them.  If you pay $2.99 for a bag a chips and buy one each week, you end up spending a little over $155 just on chips.  They aren't good for you in the first place, and you could use the money you would have spent towards something you really want.  Having more doesn't make you happier.  It just means you have more to take care of and clean and take up space in your home.  I wrote an article several years ago about this called the Good Deal Dilemma that also addresses this. 

Do you have a hard time passing up a good deal?  Do you buy more than you need?  Link up and share your thoughts.

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