Shopping Hacks For Frugal Shoppers

We all like to find ourselves a bargain, especially when treating ourselves. That is why we now live in a world of shopping on reselling websites. However, there are many ways where you can cut your costs, so you need to make sure you have the correct method in place to help save money when you feel like treating yourself.

Price Tracking Tools

One of the best methods to find products at a cheaper price is to use price tracking tools. Price shopping trackers make online browsing much simpler when searching for a deal. They are very easy to use as well. All you need to do is with an alert from the tool which will usually be an email alert and then you can make your purchase.

There is one issue with these price tracking tools and that is you might receive too many notifications. Every time there is a price drop, you will receive an email so you can expect your email inbox to soon fill up with price alerts.

Add A Cooling-Off Period

A cooling-off period is one of the best things you can do to help you be a more frugal shopper. One of the issues we all have as shoppers is when we see something nice and its affordable, we tend to buy it. However, you may have just treated yourself recently so therefore you are just spending even more money.

Start with a cut-off point. Set yourself a threshold of no more than a certain amount. For example, if something is over £20 then you shouldn’t be buying it, especially if you haven’t allocated a budget for the item.

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If you have already bought something this month which wasn’t a must-buy, add the item you want to your basket or walk away from it in the shop.

Being able to pull yourself away from buying a product is always beneficial and a great skill to have. We are all susceptible to impulse buying so it is important you know when to walk away. Give yourself time to think about that product and if you still want it in a few days or weeks then you can buy it. This is especially important for expensive purchases. It allows you to shop around to find the best deal/offer for that product.

Use Cash-Back Extension and Apps

Technology is great for several reasons such as price alerts for when a price drops. Additionally, it can be used to get some money back when you have purchased a product. There are many extensions and apps that you can use to purchase a product and get some money back.

There are several Google extensions that you can install onto your computer if you want to do so. PayPal Honey (affiliate link), Rakuten Cash Back Button, The Camelizer, CouponCabin Sidekick and Capital One Shopping.

If you want to use your mobile for cashback then you can with some of the following apps. Cashback UK, Quidco, Sprive, JamDoughnut, KidsStart, Airtime Rewards and much more. There is nothing better than receiving money when you have bought something. It essentially feels like you bought the product with a discount.

Cash-Back Credit Cards

Credit cards are usually frowned upon because you are spending money that isn’t yours. Although that’s true, credit cards can offer several advantages to help with your money. One of those advantages is cash back when you use your credit card for a purchase.

There are two different types of cards which are common for cashback and that is travel reward cards and cash back reward cards. A cashback will usually offer you a percentage on each purchase that will usually be 5%. However, there is a maximum amount of money you can receive back which is around £100 during the first year or so.

If you remember to pay off the balance of your credit card then you can enjoy the benefits of cashback. Remember, only make purchases on things that you can pay back. Don’t treat this money as if it is yours because you will need to pay it back.

Sign-Up Membership/Emails

When you are in a store at a shopping centre in Leeds, most of them will ask whether you are a member of them when you are about to make a purchase. If you are not a member, you can receive a discount for your purchase. It can be anywhere from 5-10% off your first purchase. That purchase can be however much you want so try to shop around if you know there is a sign-up discount.

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When shopping online, you may see a banner on the store saying 10% off your first purchase if you sign up for their newsletter. Newsletter sign-ups are a marketing strategy for many e-commerce businesses to tempt you into buying a product from them. They will use the discount to tempt you to buy that product and you should take the opportunity.

Summary

There are many things you can do to ensure you are saving money when you are shopping around. At the end of the day, we all love a discount when shopping and can either be online or in a shopping mall. Make sure you sign up for newsletters, install extensions and mobile apps and have a credit card for cashback. Don’t forget to use price tracking tools to alert you when a product has been reduced.

Do you have any tips to help save money while shopping? Drop them in the comments below.

About The Author

Amy Jones is a freelance writer specialising in investment tips and current financial market affairs. She enjoys documenting her experiences and relevant changes in the economic and digital word that will benefit her readers in their own lives.