Lesson 5: How to Save $$$

Below are a few tips that my Marriage and Families textbook suggested on how couples/families can save a couple of bucks! The ones I chose to put down work for individuals as well.

1. Don't buy on impulse: Know what you're looking for and don't buy anything you really don't need (I have problems with this one..because I think I NEED what I WANT haha--whoopsies)
2. Avoid buying on credit: High interest rates credit cards charge can double the cost of an item. Think REAL hard before buying anything on credit..is it really worth DOUBLE of what it was originally or should you wait until you have REAL PEOPLE money?
3. Buy at the right time: Of course if a brand new model of something just came out yesterday, it's gonna be a bit pricey! If you wait a bit, the price will go down and the quality will still be the same. SO..do you really need it NOW? Or can you wait a couple of months and save $$$? THINK about this one, though it's tempting cuz others have the newest versions and models. What you save can end up going towards a future purchase..that's like TWO things for the price of ONE--HOW EXCITING!! Also, watch out for sales, but don't buy something just cuz it's cheap...another Whoopsies for me..I think cheap is GOOD! haha..but watch out for QUALITY (not quantity).
4. Don't pay extra for a brand name: As tempting as it is to tromp around with designer jeans and brand name jackets..do you really NEED to? Generic items are often as good and usually cheaper..just remember to look for QUALITY, if it's worth it, then go for it!
5. Recognize that convenience costs money: Local stores might cost more $$$ because they're RIGHT THERE and they know that. So..if you don't need something right away, wait till you can go to another location that's cheaper.
6. Question the need to go first class: Do you really need the "best"? Can you really afford the most expensive version of a given product or service?