Don’t Spend More to Save on Sales

Although ssaleales for the consumer usually mean savings, for retail shops and businesses they are simply tactics to boost purchases. For this reason, not all sales are created equal – for some you might not get an actual bargain or worse, end up paying more. To avoid this, here are some signs to look twice at a “sale”:

  • 10 for $10 – This tactic can make the purchase an enticing deal, but first ask yourself, will you actually need all 10 of these items? If not, you might just pay even more for the one item you need while wasting the other nine. (although some stores might let you buy a smaller amount but for the same price per item, so double-check)
  • Limit items per customer – This is intended to make the item seem desirable and scarce whether it is or not. So as you would with the situation above, consider if you really need that quantity of the item, or even if you actually need the item at all.
  • One day only – Daily sales, whether in-store or online, encourage buyers to make a decision on the spot, with little time to consider whether he or she needs or wants the product. So take some time to think through before taking any deals. With online deals from sites like Groupon and LivingSocial, also consider whether you’ll have the time to claim and use your discount before it expires – some reports show up to 30% of purchased deals go unclaimed this way.
  • Discounted add-on – Before the “check out” step for your online purchase, you might sometimes see recommendations to add more items to your total order for a discounted price. Consider whether the add-ons are necessary and whether you can find better deals elsewhere. (use some help from deal-finding apps and websites for your quick research)

Have you ever taken up any of these sales? Which other “sales” have you learned to ignore? Share with us in the comment box below!

3 thoughts on “Don’t Spend More to Save on Sales

  1. This blog brings up some interesting instances where people might be overspending yet still thinking they are saving. The particularly dangerous thing about this is that somebody trying to keep a disciplined budget might not even know that they are making these errors, so no amount of discipline will allow this problem to be rectified.

  2. Somehow I always seem to fall for these sales. When you see the signs, it is very tempting to take advantage of it even when you don’t need that much. It makes you feel as though you are saving a lot of money when realistically you are making unnecessary purchases. Some popular sites that use this tactic are Ideeli, RueLaLa, and One King’s Lane. They have different sales everyday and post the old price along with the new price so that you see how much you are saving. Those are websites that you definitely need to be careful of.

  3. The one sale that tends to get me is buy one and get the other at a discount price. I tend to just decide on the spot to buy the extra item because I’m already getting one. This just makes things more expensive though. And the majority of the time, it will sit in my pantry or my closet for a long period of time. This is one everyone should watch out for.

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