I just got back from a nearly-perfect trip to the beach. While the weather was great, we did have a day of rain and cloudy skies. Our favorite thing to do when the forecast takes a turn for the worst is hit up the outlets (hurray for tax-free shopping in Delaware!).
I’d like to think I’m pretty thrifty when it comes to hunting down sales that actually DO save me money, but there are a number of tricks retailers use to try to encourage spending. Check out a few of these tips to spend smarter and save more!
1. Avoid high-low pricing. Stores often encourage spending by offering high mark-downs on certain items with the hopes that you’ll purchase other non-sale items while you’re there (Target, I’m looking at you!). Try to head in with a plan and only get what you came for.
2. Remember what you learned in math class about whole numbers. When items are priced at $29.99 or $36.95 (or similarly), shoppers tend to round down instead of up to the nearest whole number, leaving the illusion that you might be saving a few bucks. Pay attention to the numbers on the left of the decimal!
3. Not everything is for “a limited time only.” Retailers create a sense of urgency by placing time limits on sales and product quantities, encouraging shoppers to make purchases “while supplies last.” Unless it’s a product that’s being discontinued, it will likely hit the sale rotation again in the future.
4. Beware of markups. Stores price items to make a profit. You’re better off waiting to make a purchase after the item has been on shelves for a short time, and you’ll be more likely to get a clearance price on it.
5. Costs don’t necessarily reflect quality. Sometimes, our instincts tell us that if certain things cost more, they must be of better quality, and are considered a status symbol. This is occasionally true, but you should use your best judgement in each situation.
Have you noticed any shopping or sales trends that have saved you money? Share your tips with us!
