Home » Use good six tools before shopping, let you shopping more rational | a study said

Use good six tools before shopping, let you shopping more rational | a study said

by nadlia
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LEveryone wants your money in your pocket. They don’t care if you earn it or find it. Everyone wants their product in exchange for your money. Many people are willing to spend money to shop or enjoy services. They go shopping with white money and buy in large quantities. Most of them do so not because they “need” but because they “want” to buy.

In fact, they can’t be blamed for their lack of financial knowledge, because they are faced with tens of thousands of different kinds of advertising every year. Advertisers promise that if you wear a certain brand of clothes, or use the new shampoo, or wear the same watch worn by a famous actor, your life will never be the same.

The purpose of these massive advertisements is to convince us that our lives will be different if we buy these products! But in real life, it’s an elaborate scam with the sole purpose of taking money out of your pocket!

Surely you are asking, “Some goods and services are really necessities of life, and if we don’t pay for them, we will starve or freeze to death, right?”

Sure, everyone wants your money, but some deals are worth making and some aren’t. In other words, some goods and services are worth exchanging money for, and people who are financially savvy can tell the difference. They know which transactions are worth doing, that is, when they are worth spending money and when they are not.

This is a very interesting thing. Learning how to manage your money will help you know when to make smart deals, and you don’t want to be tempted to spend money on things that you shouldn’t have bought only days or weeks later.

| Wants VS needs

In order to make an informed decision before making a purchase, you can ask yourself a few questions:

• Do I have to buy it?
• Can I afford it?
• What happens if I don’t buy it?
• Can I buy a cheaper alternative to it?
If I had too little money, would I buy it?
If I had more money, would I buy it?
• How will I see this purchase in a month, a year, or five years?
• What do I have to give up to buy it?
• Is it worth giving up?
• Is this shopping planned or a last-minute decision?

If you come across something you want to buy while walking around the mall, you can avoid a lot of shopping by asking yourself these questions before you buy it. To help you understand this, you can take a look at your own wardrobe. You will see that many clothes are the result of last-minute bad decisions. The money lost from these mistakes could have been sitting in the bank earning interest instead of rotting in your closet.

| Six tools you must use before you shop

Before you make a big purchase, such as a home or a car, check out the following tools to help you make an informed decision:

1. Goal setting
2. Gather information and plan
3. Cost-benefit ratio
4. Set a schedule
Step 5 Execute
6. Check and correct

Goal Setting

Before making a big purchase such as a TV set, it is important to set goals and ask yourself what you want. For example, if you want a bedroom, you don’t have to buy a big screen; Is this screen just for TV or do you want to be a computer screen too? As long as the goal is clear, you can move on to the next step.

Gather information and plan

In order to make the purchase more intelligent, we should first determine the demand for screen size, continue to use the bedroom TV screen as an example, we can find out on the Internet what are available products, price range, various technologies, warranty services and after-sales service points and other information.

If a product has only three after-sales service points in the country, and none of them are in your city, in case it needs to be repaired one day, you have to send the product there, so the after-sales service points need to be taken into account.

Once you’ve picked out a product, you should read reviews of the technology and use of different websites, or even go to a physical store and hear reviews from salespeople.

Cost benefit ratio

The next step is to examine the cost-benefit ratio. That means checking the price of the item and the benefits it will bring. For example, if you’re having a party and you need disposable dishes that you can throw away at the end of the party, then you don’t have to spend a lot of money on plates because they’ll only be used once.

But if you’re buying a TV, you need to choose one that offers both quality and after-sales service. An appliance that will last for years is worth paying more attention to than a disposable product. Those poor quality bargains can wear out in a year, and at the end of the day, you’ll end up spending more money than you paid for them.

Set a schedule

The next step is to determine when to buy. Sometimes the item you want to buy may not be available right away for financial reasons. You may have an installment payment on your credit card. When making a major purchase on the installment plan, it’s a good idea to check when you can pay off your debt before making a purchase.

You can also wait until the store offers a special deal or an installment plan. Taking TV sets as an example, there are plenty of deals on the eve of big football events, festivals, holidays and the end of the year. You can save a lot of money by choosing the right time to buy them.

perform

With the product and purchase date determined, the next step is execution. Make sure you buy gradually. Remember to ask for the invoice, check if the installment amount is correct, if it is interest-free, if it can be picked up on the spot, get the stamped warranty card and send it to the dealer according to the instructions, and get the instructions at the time of purchase.

Buy with peace of mind and don’t rush. When you rush, you’re likely to skip one of these important steps and make a serious mistake.

Check and correct

Congratulations on your shopping success! Reviewing the entire shopping process, is there anything that could be improved? Did you do anything wrong? Is it possible to cut the price even lower? Summarize your experience and it will help you with your next purchase.

Tips for the decision-making process

1. Decisions are important, but not every decision78 is particularly important. Learn to distinguish between decisions that are made for important purchases.

2. Even if the item you want to buy is only worth 200 shekels, remember that it is not a large amount, but if your bank account is overdrawn, ask yourself, is it wiser to buy the item with a loan or not to buy it?

3. Remember that the range of options is wide and you may not make the best choice every time. You may find that you have several good options at the same time. If you’re always trying to make the best choice, you may end up getting nowhere. Just make a good decision. You don’t have to find the best one.

4. Sometimes, we make excuses for shopping and ignore the facts. You have to change that! What you ignore today will cause you bigger problems tomorrow.

5. No one is going to worry about your money and spending problems, only you can solve them. Either you solve the problem, or you keep it the way it is and make it worse.

6. Learn to spend with ease. People often forget to buy something when they get to the front of the store and are in a hurry when it comes time to pay.

7. Decided to buy? Wait and see if you can walk away from the purchase. Do you see anything you really like? Don’t buy it just yet, wait and see if you’re still interested in it after three days.

8. It’s normal to make mistakes, but it’s not normal to make the same mistake twice.

9. See if there are alternatives. There are substitutes for every item that may meet your requirements and be cheaper.

Starting today, you know how to make the right decisions before you go shopping. Remember to distinguish between “need” and “want”. If you do, ask yourself if you can afford it.

via Swiga Bergerman, “The Jewish Financial Expert Doesn’t Hide Secrets to Personal Wealth.”

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