What are the ways you can shop on a budget and stick to it?
A lot of people overspend when going shopping which in the long run might leave them in a bad financial state.
Here are ways to shop on a budget.
1. Plan Ahead
You need to plan ahead before you think of going shopping. How much are you planning to spend on shopping, what are the things you want to buy.
You should list all that you want to buy in order of importance.
2. Set a realistic budget
If you spend more than what you budget for whenever you shop then you need to set a realistic budget.
If you spend a hundred thousand naira monthly on shopping and you budget forty thousand naira for shopping, then it might not work for you.
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Instead of budgeting forty thousand naira, why not set a budget of seventy thousand naira, while you cut down on some unnecessary expenses you can do without.
Budget a little more than you planned for.
3. Wait a while
You can go out window shopping to have an idea how much of the thing you want to buy.
Now that you have an idea of how much the things you want to get cost, then you can wait till you have enough money to get what you want.
This period of waiting will help you save up for the things you want to buy.
4. Look for discounted price
You can go online to look for discounted deals on things you would love to get.This would help you save more money on things you want to get.
You might end up not spending up to what you budgeted for.
5. Buy in bulk
There are some things you can buy in bulk which would help you save more.
Buying household essentials in bulk saves you more money because you do not have to visit the shopping mall frequently.
As long as you use things you buy in bulk before they expire then it is okay to keep buying in bulk.
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It would be a waste of money if you buy in bulk and you do not use all of it.