This is a guest post from my daughter, Nina.
Let me just take the time to start off by saying that my dad has been really busy and he needed to take a day or two off for Thanksgiving, so I offered to fill in for him again. As you can tell, Dad said yes!
Now, there are some things in this world that I see people do while they’re shopping that I just donít understand. I know I’m only 13 and still have a lot to learn, but sometimes I shake my head because some people end up spending a lot more money than they really need to, and that makes it harder to save. It drives me crazy!
So, I came up with this list of the top 5 things shoppers do that just donít make sense. At least not to me!
5. Paying extra for designer-label products
What I donít get: People who spend their money on expensive shirts at a trendy store like American Eagle when they can get similar clothes for a lot less at a discount store.
Why not do this instead? Forget the name-brand products! Go spend some time at Target or Walmart where you can find clothes at much better prices.
4. Buying things in the smallest size containers
What I donít get: People who always buy the smallest packs of, letís say, the best paper towels. They might think they’re saving money, but they’re really not!
Why not do this instead? Buy in bulk! For example, I just checked the Internet and found that Walmart is selling a 2-pack of paper towels for $2.78. That’s $1.39 per roll. Walmart is also selling an 8-pack of the same brand for $7.97. Thatís a little less than $1 per roll. So itís cheaper to buy the pack of eight. That says it all.
3. Paying more money to own the newest technology
What I donít get: People who always have to have the latest technology. It’s always very expensive. Letís be honest. Do people really need to spend lots of money for the iPhone 5 right now?
Why not do this instead? Be patient and wait until the price goes down! For example, last year I worked really hard and saved enough money to buy a brand new iPod 4G at Best Buy for a little over $300. (I wrote all about that here.) But today you can buy one for just $200. Hey, if I had waited a bit I could have saved about $100!
2. Buying things you just donít need
What I donít get: People who buy the strangest things. Do people really need to waste money on stupid stuff like glow-in-the-dark toothbrushes or Star Trek snuggies? I mean, come on!
Why not do this instead? Only buy things you really need and don’t buy things just because you want them! Your wallet will get bigger from all the money you save, I guarantee it.
1. Making lots of random shopping trips
What I donít get: People who go to the store for, say, just one shirt, or to buy only one jug of milk. That’s a waste of time. It’s a waste of gas as well!
Why not do this instead? †Try making one shopping trip instead of 20! Maximize your time by getting everything that you need all at once. You’ll definitely save gas! And saving gas means saving money. And saving money means a happier you. Itís as simple as that.
Photo Credit: Walter Lim