The holidays are upon us which means shopping. So make sure you shop wise and within budget. Here’s a few tips to take with you in your shopping cart.
The first one is to plan and don’t wait until the last moment. Start now and watch for the best deals. Try some of the shopping apps that will scan the deals for you.
Make a list, budget and stick with it. That means identifying who gets presents and think of everyone. Count the white elephant presents for work or for the toy charity you donate. This will help relieve any surprises.
If you have to use credit, compare it to rent to own, especially for furniture. Payment plans are going to cost more so you’re going to want to minimize final costs. Compare what your minimum payments would be for a credit card and a rent to own agreement then do the math. You can get stuck with a minimum payment plan for years with a credit card.
Rent to own payment plans max out at two years for most agreements. You’re also not legally committed to the purchase, incur debt or obligated to own.
Cross people off the list and quit shopping. That’s the difficult part. Surveys show that a third of us will overspend by 30% so show some restraint and discipline. Yeah, right.