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Be Careful with Retail Therapy

indoor shopping mall

Saving for something big is a impressive goal. That can be a car, college, wardrobe, or a new phone. But every once in a while, you’re going to get the urge to go shopping (in person or online) for something you don’t need. Whether it’s to pass the time or fill a need, some call this retail therapy. We’ve put together some tips to help your finances survive those therapy sessions.

Shop In-Person Left to Right
Experts say that by shopping from the left side of the store to the right, you can often find some special offers more easily. In addition, shopping this way can help keep you on task with your shopping list.

Don’t Fall for Silly Gimmicks
Sales tactics like BOGO (buy one get one) have been around forever. But do you actually need two of something? Is this just a chance for the retailer to get rid of surplus items nobody wants? Ask yourself some basic questions before you fall for a too-good-to-be-true offer.

Start Every Shopping Trip Online
Before you go to the store, start your trip online. See where the best deals can be found. Can you find online coupons good for in-store purchases? Just a few minutes could save you a bundle.

Clearance Items are Hidden
If you’re okay with yesterday’s fashion or tech that’s a year or so old, you can find some great deals online and in person. Just be sure to head to the back corner of the store or way down on the site’s page. That’s where you’re likely to find the best offers.

Don’t Look at the Impulse Items
The small and inexpensive items by the checkout at most retailers are called impulse items. They put those there to tempt you. While it might only cost $5 or so for lip gloss, do you really need it? If you can live without it, you can save yourself some money.

InRoads is Here for You
Get more tips about finances and life as a teenager with Elements of Money from InRoads Credit Union.