How to Save Money while Shopping in Michigan

How to Manage your Shopping so as to Avoid Debt?

Shopping tips to avoid debt

Michigan can prove to be a shopaholic’s temptation when we take into consideration the number of malls where the price range varies from cheap to mid-range to expensive and where one can always find tempting bargains offered throughout the year. Be it TJ Maxx or Marshalls, it is a tough fix for the incurable shopaholic when you see the bargains alluring you from every side. But these very temptations in the form of discounts and combos can become the major factors for pushing you towards debts. While indulgence is healthy from time to time, one should remember to exercise some control over their expenditures. Every year, a major number of the total filed bankruptcy cases dealt by federal courts all over Michigan are resultant of debts incurred from reckless spending through credit cards.

However, this can be avoided if one is calculative, rational and attentive of few minor details of their daily life and plan their monthly budget accordingly. Here we share a few very basic ways in which you can manage your shopping and avoid over-indulging:

  • Plan ahead : Chalk out the average grocery and other bare essential required by your family each week. Know the market values and draw up the budget accordingly for weekly expenses.

  • Follow a List : Before you go to the supermarket, make a list of the items which are absolute necessities and not outcomes of your whims. It goes without saying that just making the list is not enough; you should follow it as well.

  • Stay Updated : Keep check on the latest discounts and offers in the markets. Compare them so as to choose the most economic offers among them. Often these discounts are not as cheap as they are publicized to be and so it is better to survey the market well before indulging.

  • Compromise : Think about compromising with your brand. If you currently shop for premium quality brands only consider trying out the cheaper ones to fit a budget. Cheaper brands are bound to be cheaper in quality- try and get out of this mindset. If you cannot differentiate the qualities of the regular and premium brands, then why pay more for the premium one?

  • Take your time: Go for shopping when you have ample time to spare. Comparing and contrasting for making the better deal can be more time consuming and confusing than you can imagine. Rushing through your shopping will only result in over-spending. You will grab the first things that catch your eyes without pausing to check for cheaper alternatives.

  • Smart Phone : Today everybody owns a smartphone and it comes extremely handy while shopping when doubled as a calculator.  You can keep track of your expense on the go as you shop and also calculate the discounted values when and if necessary using the calculator of your phone itself.

  • Ignore temptations : Lastly, don’t get tempted by catchy ads of discounts and forget your budget. These temptations are the main culprit in draining excess credits.

Walmarts, Boots, Tesco, Morrison’s are some of the most popular supermarkets where you can find everything you need within a budget. A disciplined and planned life is the best way to avoid falling victim to debts.

STUDENTS SAVE A PENNY FOR YOURSELF TO AVOID DEBT

STUDENTS SAVE  A PENNY FOR YOURSELF!!!                          

Are you a student? Do you get paid by your parents on a weekly basis or monthly basis?

Do you know the difference between being cheap and being on a budget? Most college as well as high school students are living in debt. Get smarter about the way you spend your money.

Are your allowances sufficient to fulfill your daily needs?  Here are some tips to help you save money on a regular basis:

Debt free

TIPS TO SAVE MONEY!

  • Before making a purchase ask yourself is it necessary or just a waste of money. Shop SMART and place your extra cash into your savings account.

  • Don’t go for a post paid phone rather go in for prepaid connection so that you know how much are you investing in your calls.

  • Save money on transportation and conveyance rather than going in a cab opt for carpool so that you manage your expenses.

  • Don’t hang around much with friends make it once in 15 days rather than twice in a week to cut short expenses.

  • Rather than buying books go for a yearly library subscription or online libraries, this will fetch a good reduction in the prices of the books and hence you will have extra money saved.

  • Boys don’t opt for costly and expensive gym rather go for exercising at home, instead of trade mill jog in the morning.

  • Girls instead of going in for branded make up items go for unbranded but good make up products, be a little cost effective in your purchases.

  • Surrender your credit cards to your parents, you know students are very much hooked up to the purchase in malls and they pay up by the help of credit cards, hence minimize the usage of credit cards. Go for cash payments.

  • Instead of using an internet connection in your mobile phone try to go for Wi-Fi connection and also hot spot , this would again be cost effective in nature.

  • Instead in for going in for movies at weekends and that to in the evening. Opt for matinee movies with discounts, book tickets online for further discounts.

  • Try to earn extra cash with your hobby, do something in your part time to get that extra penny.

  • Instead of going in for purchase of local news paper go in for e papers in your cell, just download the app for your convenience.

  • If you are living alone in a flat go in for sharing the apartments with your friends or shift to local PGs for managing your cost.

  • Stop buying impulse, give a thought in the purchase of your items and see whether you actually require it or not.

  • In case of missed class notes don’t go in for photo copies rather write down the notes.

  • Instead of taking conveyance for small distances walk up to near localities if possible.

 

Students save your money! Life throws so many curve balls at us we all need a savings buffer for those unexpected bills.   A penny saved today is a penny earned tomorrow 🙂  Think about it!!!

 

 

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