In our effort to cut costs and find the best deal on consumer products in a time of sky-high gas prices and increased cost of living, certain common ‘saving’ methods prove to be harming more than helping our tight budgets. It’s natural to want to snag the best deal around, but sometimes these deals are masked into duping consumers to buy unnecessary items, which could end up costing us down the road. See if you fall victim to these five common ‘saving’ methods aren’t always worth the deal.
1. Falling for free promotions: The word ‘FREE’ is attractive to any consumer — who doesn’t love free stuff? — but falling for ‘free’ promotional giveaways isn’t always worth it. Stores use buy-one-get-one-free promotions or “free shipping” with a certain purchase amount to entice buyers into picking up items they didn’t plan on buying in the first place. Falling for ‘free’ gets us to spend money impulsively on items that aren’t budget for, and consequently, aren’t really worth the deal.