At different times of the year, we are offered attractive discounts, especially for online purchases, such as for the Black Friday period. Often the offers are undoubtedly advantageous. The problem, however, may be in our wallets, regardless of the discount offered.
The great thing about online shopping is that there are no que ues or endless lines. In addition, we have an endless selection of products available, andstores are always open: online shopping definitely offers many advantages.
However, shopping online confronts us with some dangers.
Shopping online is a satisfying and fun activity: we need to access an app, choose the products we are interested in and click on the‘buy now‘ button.
Have you noticed that over the years, we have seen a simplification of the purchasing action. This is all part of the company’s strategies to make the customer experience increasingly easy and enjoyable.
However, this may encourage you to make more impulsive decisions and thus lead you to go over budget quickly and without realizing it. But there are several solutions that can help us reflect and control our actions.
As you may have already read from the title,one method of understanding when you are about to commit a faux pas is tomake a purchase only if it is possible to buy that same item twice, without affecting our budget too much.
Another tip is to leave items in the cart for at least half an hour before proceeding with the purchase.
This extra time will give you enough time to figure out if you are making an impulse purchase or if it is instead a necessary and reasoned expenditure.
Learn about other financial best practices
Good financial advice #06 Dedicate 30% of income for personal expenses
Plenty of people suggest using no more than 30 percent of monthly earnings for personal expenses, i.e., travel, dinners out, birthday gifts or subscriptions to gyms, newspapers and more.
Good financial advice #05 Devote 20% of income in savings
A good way to save is to follow the 50-30-20 rule that suggests using 50 percent of income for necessary expenses, 30 percent for personal expenses, and 20 percent for savings.
Good financial advice #04 Spend one minute of money a day
To be always sure of one’s financial and, therefore, economic situation, one only needs to devote 60 seconds each day to money management. How? Checking on investment trends, news, and important news.
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