How to Be a Savvy Consumer

Step-by-Step Guide

1. 1

   Step 1: Decide if you actually need the item.

   As a consumer, you may be tempted to buy an item impulsively, especially if it seems like a good deal.
   
   But you should try to be savvy about how you spend your money and avoid buying something just because it is on sale.
   
   Instead, make sure the item fits your budget and will not compromise your finances.
   
   Only then should you consider purchasing it.Keep in mind salespeople may pressure you into a purchase by using “a good sale” as an incentive to buy.
   
   You should always pause and consider if you really can afford the item before you take out your credit card.
   
   You should also think about whether or not you need the item as you do not want to simply buy an item for the sake of spending money.
2. 2

   Step 2: Determine your budget before you go shopping.

   You should also set limits on how much you are willing to spend as a consumer before you go shopping.
   
   Setting a budget will ensure you do not overspend and that you get the best price for the item or service you are looking for.For example, you may set a limit of $1,000 for your new television, where you cannot spend more than this amount.
   
   You may then do research to determine which television models are within your price range and which models have functions and add-ons that you can afford.
   
   You can also discuss your budget with a salesperson if you decide to buy the television in the store.
   
   Giving the salesperson a clear budget will allow them to show you the best products for your price range and meet your expectations as a consumer. , You should educate yourself before you go out and talk to vendors.
   
   Research your potential purchase online and gather information about the item or service you are looking for.
   
   Look up other details besides the price, such as the possible functions, materials and add-ons of the item.
   
   Get a good idea of the best possible item or service available and then compare prices to determine what you can afford.You should also look at consumer reports on the items or service as well as any test results done by independent testers.
   
   These reports can help you compare different vendors and determine what your expectations should be as a consumer.
   
   For example, you may be looking for a new television.
   
   You should decide how large you want your new television to be as well as what you want the television to do for you.
   
   You may research the available televisions on the market and determine which television models are appealing to you. , You should also spend your money smartly by knowing exactly what you are getting when you purchase something.
   
   It should be stated online or in person if an item is new, used, or refurbished.
   
   You should be well aware of the state of the item before you purchase it.You should be especially wary of this when you purchase used or refurbished items.
   
   Make sure you are clear about what you are buying, especially if there is a “Buyer Beware” note on the item.
   
   Once you buy an item, you may not be able to return it or exchange it based on the terms of the transaction. , Before you buy an item, you should confirm the sale is a good deal.
   
   You can do this by comparing the price of the item at several different retailers online or in store.
   
   Look for the lowest price for the item, as some retailers may have better sales than others.
   
   You should also make sure the item is good quality for the price.
   
   This means determining what the item is made of, or the materials in the item.
   
   You should confirm that the item is well made and worth the price tag before you buy it.
3. 3

   Step 3: Research the item or service on your own.

4. 4

   Step 4: Check the state of an item before you buy it.

5. 5

   Step 5: Make sure the sale is a good deal.

Detailed Guide

About the Author