Don’t blow your budget on Amazon. Use these tips to control your spending.
- Amazon is a great source for everyday items and big purchases.
- It’s important not to go overboard when shopping on Amazon given the wide selection.
As someone who is pressed for time and doesn’t like shopping in stores, I tend to turn to Amazon for everything from basics to birthday gifts to electronics. Not only does Amazon tend to have competitive prices, but as a Prime member I get free two-day shipping on items I purchase.
In fact, to be honest, it’s pretty rare that a week goes by that I don’t receive an Amazon delivery. At the same time, however, I know I have to be judicious when shopping on Amazon so I don’t go over my budget. Here are three tricks I use to avoid overspending.
1. Always have a reason to visit the site
Some people shop online when they are bored and have nothing to do. But as a general rule, I won’t go to Amazon – or any retail site, for that matter – unless I have a reason for it. This reason could be that I am looking for new filters for my vacuum cleaner or that I need a new pair of sneakers. But I make it a point not to browse the site out of boredom, because if I do, chances are I’ll end up buying something.
2. Avoid major sales events unless you have a plan
Amazon Prime Day is often hailed as one of the biggest shopping events of the year. But events like this can also lead to temptation. That’s why I won’t buy on Prime Day unless I know there are specific items I want that will be on sale. Also, I won’t make a major purchase during a sale event like Prime Day unless I’ve expressly saved up beforehand.
A few years ago, I ended up spending $1,000 on Prime Day. But I didn’t waste $1,000 on random impulse purchases. Instead, I had my eye on specific items I needed for my home. And I made it a point to add money to my savings account before this event so my purchases would be covered.
3. Research other options before making a purchase
Amazon tends to have very good prices, but it’s not always the most competitive retailer. Now, I admit that if I’m buying something that only costs a few dollars, like school supplies, I won’t spend my time researching prices. As a freelance writer, it’s not worth wasting 15 or 20 minutes of work time to potentially save $0.30 on a purchase.
But if I buy a more expensive item, I will spend some time to see if there is a better price there. This is especially true if I’m looking for electronics or something that costs several hundred dollars.
Amazon can be an easy way to shop, but it can also put many consumers in debt. Follow these tips to avoid overspending on your Amazon purchases. This way, you can enjoy convenience without ruining your finances.
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