Smart Tips On How To Shop Wisely And Avoid Impulse Buys

Christmas is just around the corner and everywhere in Malaysia, sales are invitingly beckoning. Even warehouse sales have jumped onto the bandwagon with huge discounts to encourage consumers to shop, shop and shop! If the traffic jams around the malls in KL are an indicator, Malaysians’ favourite past time definitely seems to be shopping!
Despite the recent economic crisis and the downward trend of worldwide economies, the impact still has not been fully felt by Malaysians as most of us still have our jobs and monthly paychecks. However, economists everywhere are predicting that the worst is still yet to come.
As a measure of prudence, it is a wise time to shop a little more wisely. Women, especially, are usually guilty of impulse shopping and the retailers know it by packaging their products in pretty packages which are guaranteed to catch a woman’s eye. Hence, here are some tips on how to avoid impulse shopping and be a wise shopper.
Leave Your Credit Cards
The next time you go out shopping, try leaving your credit cards at home. Pay for your purchases only with cash. While credit cards often earn you points and help you afford things that you might not be able to afford with your cash, it is only too easy to lose control when shopping with a credit card. To avoid credit card debt, why not give this a try the next time you go out shopping?
Read more tips below.
Tags: Money, saving tips, Shopping75% Discounts at Izzi KL!
One sacrifice Malaysians are now making is eating out for meals. Many are opting to cook at home to take advantage of price reductions offered by hypermarkets. However, you will be pleased to know that you can still eat out and enjoy delicious pizzas for much less. How?
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Tags: Food, savingsWhat Are Malaysians Cutting Back Spending On?

Consumers are a funny lot when it comes to spending. Each consumer has different spending patterns compared to the other and retailers and businesses everywhere spend millions of ringgit trying to crack the code of consumer spending to help them market their products correctly. However, in the recent financial crisis, it did not take any genius or rocket science to figure out why consumers all around Malaysia and the world were cutting back on their spending.
In a knee-jerk reaction to inflation and uncertainties, Malaysians have tightened their belts in the best way they know - by cutting back on impulse buys and luxury items. Some are even putting their life plans on hold until times improve.
Yeow Pooi Ling (Star Biz) reports that Malaysians are delaying getting married, having children, moving house, changing jobs or furthering their education due to the current downbeat economic conditions, according to a recent poll by Synovate Research. (source)
Find out what Malaysians outlook on the economy is like below.
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Tags: Money Tips, savings
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