A few tips on how you(at least theoretically) can maximize your economic output.
It’s something we all do without thinking. We buy many things, we spend lots of money. It’s not HARD to be a consumer. What is more difficult however, is to be a better consumer. Anyone can buy an item you just do what you regularly do, but it’s the thickheaded folks looking to flaunt some power that really know how to hit it. I’m hoping a few tips here may help more people shop safely and with some increased smarts!
Know Your Limits
This may seems simple. You may already be thinking “Well DUH, obvious isn;t it”? Well you’d be surprised who can rake up what debt. Tune in to shows like Dave Ramsey or Clark Howard and you’ll hear all kind of stories about people who rake up all sorts of debt. Thousands in Credit card debt and such. You’re not going to be much help to the economy if you spend to erase negative debt rather than positive purchases.
debt (Photo credit: Alan Cleaver)
Do some Research
I know browsing around for information isn’t the best or most exciting thing one wants to do when shopping around but you’ll be surprised what it can land you. You might be looking at product A which costs 35 USD, when all of a sudden you may find Product A again for only 25 USD from another retailer. The internet, copoun, and paper are your friends. Don’t be afraid to save some money! Remember, the basis of economic trade is that both YOU and Whoever is selling the product have Agreed that said product is worth the amount being proposed. If you didn’t, although bargaining will not get you far if anywhere these days, there are countless amounts of warehouse type businesses which sell many products for more affordable prices(Although the quality may not be as good, but that varies)
Not satisfied? Spread the word!
Not everything goes according to plan and not every product works as advertised. If the store is harrassing you, or being childish, just let everyone know! The internet is a wonderful thing and sites like The Consumerist work together with average consumers to spread the word of Business malpractice. Most online retailers have reviews that can be posted. There are entire Sites to review entire businesses! The Better Business Bureau there to keep fast watch about consumer complaints. If your not happy, vent! We don’t want to hurt businesses to hinder economic growth, but they’ve got to know when enough is enough, you’ve got to help draw that line.
Hope this helps if even a tiny bit for All those looking to improve their contribution!
Published in: Personal Finance