Top money saving tips to help you shop smarter

Top money saving tips to help you shop smarter

Wondering how to save money on your shopping? From your weekly food shop to your next gadget purchase, here are a few smart, simple money saving tips. Checkout some helpful tips from The Money Advice Service:

For many of us, shopping takes up a large chunk of the monthly budget. Whether you’re looking to save money on food shopping, or trying to cut the cost of your online buying, we’ve pulled together a few tips to help you keep costs low.

• Work out what you spend your money on. Make a list of everything you buy in a typical month. This will make it easier to work out where you can make cuts.

• Shop around. Check out the competition and compare prices. For example, it might be cheaper to go to a different supermarket, or buy your electronics from a different website.

• Beware of special offers.Vouchers, special offers and cashback deals were invented to make you spend more, not less. Never buy something you don’t need just because it’s on offer.

• Don’t impulse buy. Think carefully before making a purchase – especially if it’s expensive. At the very least sleep on it, it might seem less appealing in the morning.

• Check reviews. If you’re not sure about a product, check online to see if there are any reviews. Just type its name into a search engine, followed by ‘review’.

• Remember your rights. As a consumer, you have the right to complain about issues with any goods or services you’ve purchased.

• Using your credit or debit card. If something goes wrong, buying on your credit or debit card gives you greater protection than cash or cheque. Credit cards offer the most protection – as long as the item or service you bought cost over £100 you can claim against your card provider under Section 75 of the Consumer Credit Act to get your money back.

Article Source – The Money Advice Service