Be a Savvy Shopper

Courtesy of: FeedThePig.org

Be a Savvy Shopper

In today's economy, it's important to assess your needs versus wants before making a purchase. Is it something you really need or something you simply want to purchase? But remember, looking at needs versus wants alone may not be enough to keep your wallet happy and healthy. Here are some quick and easy shopping tips which may boost your savings at the end of the month:

• Beware of no interest or low monthly payment offers on large items. Missing a single payment could increase the interest rate and potentially wipe out any money saved by buying this item on sale.
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When comparison shopping, don't get distracted by how much an item has been marked down. Look at the current price and compare that with other similar items.

Considering a big ticket item? Remember to factor in additional expenses that may not be included in the ticket price, such as storage, transportation or an insurance increase.

Following these tips can help you shop smarter and save more. And always remember to contribute a portion of any savings to your retirement fund every month.