Shopping is a part of life and some of us enjoy it a lot more than others. A portion of debt includes discretionary items that could have been purchased for much less had you just waited or done some research.
Bargain shopping not only saves you money but it can reduce your overall debt. Become a savvy shopper and look for bargains, special deals and discounts. The Internet has made it so easy to find discounts and coupons for just about anything. TLC has a show entitled Extreme Couponing. It's incredible the amount of money consumers engaged in "extreme couponing" can save.
Build wealth with bargain shopping
Creditcards.com recently released a survey that showed nearly half of all affluent people would not spend more than $100 on any gift they buy the holiday season.
Rich people like Walmart, Target and Costco according according to a survey of 1200 affluent investors by financial site Millionaire Corner. About 1 in four worth $5 million or more shop at these stores.
Do some research
Take the time and do a little research before you make a purchase. Almost everything you purchase can be purchased at a discount. A good place to begin your research is the newspaper and that annoying junk mail that fills your mailbox. Some of it has real value and great savings.
Deals Online
Great deals and coupons can always be found online. Online deals can be found at websites such as Groupon, Retailmenot, DealsofAmerica and AbleShoppers.
DealsofAmerica lists deals from nationwide retail stores along with a description and a list price which enables you to know how much of a deal the store is offering. The site has some cool features which include coupons, a price comparison tool and a hot deal email alert you can sign up to receive.
AbleShoppers lists deals by date. New items are added daily. They also offer online coupons, shopping tips and a newsletter you can sign up to receive. Shopping with coupons, especially at the grocery store can save you as much as 75% off your grocery bill.
It may be annoying standing in line behind someone in the grocery store with a pocket full of coupons but after you see how they save you can surely see it is worth the time.
Just about every item you purchase can and will go on sale.
Wait for the rock bottom prices for big items like electronics. Check out the price comparison websites like:
Pricegrabber.com
BizRate.com
Google's price comparison - If you have a specific item in mind, know the make and model you want, price comparison shopping search engine may help you out.
Searching this site will bring you many results to choose from along with product reviews, seller ratings and where you can locate the item in your area.
One way we can all build and maintain wealth is through bargain shopping.