• Crafts


  • Do it Yourself

    Do it Yourself

  • Gardening and Landscaping


  • Frugal Living Articles

    Frugal Living

  • Gift Ideas

    Gift Ideas

  • Frugal Holidays & Decor


  • Make your own Mixes


  • Money Matters

    Money Matters

  • Recipes


  • Tips and Tricks for Frugal Living


  • Contact Us

    Contact Us

  • View RSS Feed

    Frugal Living Blogs

    Money Blunders #1- Bargain Shopping

    Rating: 18 votes, 4.61 average.
    by on 07-24-2008 at 05:55 AM (21858 Views)

    Lately I've been reading lots of posts and frustrations of people that are doing everything they can to get out of debt (or at least prevent themselves from getting in any deeper) and the one thing I often see these posts have in common is Bargain Shopping.

    Tell me, does this scenario sound a bit familiar to you... You run into walmart because you ran out of Milk/bread or any other basic necessity and as you're running to the back of the store to grab a gallon, you pass by a rack of jeans on sale for $8-10 a pair.

    You think to yourself, "WHOA, I can't afford NOT to buy these, they're practically giving them away, they're only $10!".

    So you add that $10 to the cart. A little later in the day, you swing into Starbucks for a mocha frappuccino, there's another $4.
    You've just bargained shopped your way deeper into debt.

    Do you know how easy it is to lose $5,000 ? It takes just $13.69 per day. So while these little purchases may seem like great deals or big bargains, it can be a pitfall for your budget.

    I challenge you to keep a small envelope in your purse or above the visor in your car. Anytime you spend ANY money, slip the receipt into that envelope. At the end of 1 month, go through and add up all of the unnecessary items, or "Bargain" items, convenience items such as that frappuccino that you had to have on your way home.

    It may be a Real Eye Opener!


    Page 1 of 2 1 2 LastLast
    1. jrnalo -
      jrnalo's Avatar
      This is a really great recommendation. Thanks
    2. wilbe95 -
      wilbe95's Avatar
      I think I will try that. I can never get out of Wal-Mart with just the items on the list. Thanks.
    3. Elliejj -
      Elliejj's Avatar
      that makes a lot of sense and explains where all my money goes!
    4. semmel88 -
      semmel88's Avatar
      wow , time to brown bag and not spend 5 dollars on lunch at my work!
    5. Sharon -
      Sharon's Avatar
      I like this idea and I'm going to do it..............
    6. frugalsinglemom -
      frugalsinglemom's Avatar
      Great idea! I was trying to keep a spending journal, but lost the oomph at day 5. This is easier to do.
    7. bflegg -
      bflegg's Avatar
      That is unbelievable....I would never have imagined that little bit of money would add up to so much. MY dd (homeschooling mom of 3) that she needed a way to earn some extra cash...she's already making $5000.00 a yr. to stay home with her kids...
    8. FruGal -
      FruGal's Avatar
      I'm glad I'm not the only one who thinks this way. My sisters-in-law never pass up a "bargain" and both are so deep in debt!
    9. cedrica3500@yahoo.com -
      cedrica3500@yahoo.com's Avatar
      This definately makes sense! When charging things I spend more than I do if I was paying cash!!
    10. danghsia -
      danghsia's Avatar
      yup that what most people do

      Extra spending
    Page 1 of 2 1 2 LastLast

    (C) Melissa 'Liss' Burnell & Budget101.com 1995-2014
    Material from www.Budget101.com may not be copied or distributed, or republished, uploaded, posted, or transmitted in any way, without the prior written consent of Budget101.com, EXCEPT: you may print recipe pages for your personal, non-commercial home use only, provided you do not delete or change any copyright, trademark, or other proprietary notices. Modification or use of the materials for any other purpose violates Budget101.com's intellectual property rights.
    Site Design is Created from a Modified Style Originally Created by Miner Skinz

    Complete Frugal Living Resource ©