- Remember that “a fool and his money are soon parted.”
- Return purchases that you’re not happy with.
- Always save your receipts. Even if you don’t return an item, you may need the receipt if the item is under warranty and doesn’t hold up.
- Don’t fall for the “free t-shirt” credit card companies offer you to sign up. It’s not worth thousands of dollars of debt and interest payments.
- Using a credit card can cost you big time. If you just make the minimum monthly payment, whatever you bought doubles in price once you include the monthly interest the credit card company wrings out of you.
- Never take your eyes off the cash register and the cashier while checking out. Make sure that sale items are ringing up on sale. Mistakes happen.
- It makes sense to shop at discount stores like Wal-Mart, Target and Costco. They buy in huge quantities so they can sell for less.
- The Internet is a great place to compare prices. Certain phones have applications that allow you to check manufacturer’s prices while you’re in the store.
- Large chains have their own product brands. Usually they are just as good as their name brand counterparts, and much cheaper.
- Products tend to be a more expensive at the mall. You can usually find comparable items at discount stores for much lower prices.
Find more tips and stragegies in our Brain Food Book 6 The Right Stuff and Money Matters.