Category: Advice

Why You Should be Cautious of Special Offers

When we see special offers, we can often be tempted to just buy the items without even thinking about it. It can be great to see anything reduced and we will therefore take a look to see whether we think it is a bargain and buy it if we do. We are more likely to do this if the item is reduced by a lot. However, we should be very wary of special offers for a number of reasons.

Are they just what non-one wants?

It can often be the case that items which are reduced are just items that no one else has bought. They could be old stock that a retailer is trying to get rid of. It might be getting towards the use by date, old packaging, old lines, out of fashion etc. There are many reasons why things might be reduced. So try to identify why the items are reduced and think about whether you really want them if they of out of fashion, about to go off or things that no one else likes.

Special offers are not always what they seem.

Do we need the items?

It is also always wise to ask yourself whether it is something that you really need. We can so often be tempted to buy something because it has been massively reduced and seems like such a bargain. However, we should think about the fact that we might just be buying it because it seems cheap rather than because it is something that we actually want. If it is not something we will have bought at full price why buy it when it is cheap? It might be the case that it is something you really wanted but you could not afford it but now you can. In this case the reduced item will be really great. However, we will often buy items that we would never thought of buying before and therefore they will not be something that we need and maybe even things that we do not really want.

Are we spending more than we can afford?

It is always a good idea to make sure that we are not spending more money than we can afford. We need to think about the items that we are buying and how much they cost. If they are extra to what we would normally be buying then it is really important to think about whether we can afford them. Just because they are reduced, it does not mean that we will be able to afford them. Make sure that you check your bank balance and ensure you have enough money to cover the cost of them and to cover the cost of everything else that you need to buy this month. Once you have done that you will know whether it is something that you can afford or not.

It might seem a bit boring to think about all this. When we see a bargain, we have the impulse just to grab it and buy it and it feels great to know that we have bought something at a fraction of the cost. However, we do not want to get it home and wonder why we even bought it. We do not want to wish that we had not bought it because we did not have enough money to pay for it. We do not want something that was cheap but is not very good, almost out of date or something that no one else wanted. So, it is well worth considering it before you buy to make sure that you do not regret your purchase afterwards.

Is it Worth Paying More for Quality?

There are many items that we buy where we can get things which vary in quality. This means that we might be able to buy something cheap that is poor in quality or buy something dearer that is better quality. Of course, it is not always the case that the more we pay, the better the quality, but you will find that you have to pay more money for something that is better quality. You may wonder whether it is worth doing this.  It is worth asking yourself a few questions first.

Does it offer good value for money?

It is worth asking ourselves whether the items we buy are offering good value for money. If you pay a small amount of money for a pair of trousers but they wear out very quickly compared to paying twice as much for a pair that wear in twice the time then they are equivalent. However, if you find the dearer ones last significantly longer, then this will mean that you are getting much better value for money.

This is something it is not always easy to work out for yourself though. You are unlikely to buy trousers from two shops and wear them equally to compare how they last. However, you can read reviews to get an idea about the quality of the items that particular shop sells. You could also ask people that you know about where they shop and what they think offers good value.

Many people confuse value for money with cheap. They feel that something that offers good value for money is just the cheapest. That is not the case, you need to compare what you are getting for your money and we may not all agree either. Some people might be happy to pay more for something handmade locally produced, good for the environment, suitable for vegans or things like this.

Can I afford it?

Sometimes it does come down to money. You may find that your budget is just so squeezed that you cannot afford to pay more for more quality items. However, if you bought less cheaper things, you might be able to save up for more expensive items. Of course, there are some things that we will just not be able to go without, but you may be able to cut down in some areas so that you can get extra money to buy higher quality items. If you do manage to buy these, you will not need to shop as often as things will not need replacing so much and hopefully it will save you money in the long run and you will be able to put money aside so that you can afford to buy more and more quality items.

The decisions you make might also depend on the type of item you are buying. For some items buying better quality will make more a significant difference. For example, if you buy a good quality car it is likely to last a lot longer and need repairing less often and these could save you a significant amount of money in the long term. However, if you pay more for a quality fashionable dress, but it is only in fashion for one season you may never wear it again so it may have been better to have bought a cheap one as it does not need to last long. It is not an easy decision but once you start thinking about it, you should find it easier to focus on what things are worth paying more for with regards to getting better quality.