Most people love shopping. Whether you have money or not there is always something you wish to buy like new shoes, office-wear, casual dinner dress, handbag, etc. For some people, shopping is considered an addiction. Impulsive shopping habits lead to negative balances in your bank account and your emotional health is affected as well.
To avoid buying when you don’t need to and to save money, follow the following advice:
- Get a free consultation
There are several organizations that offer free consultation services and psychological help. If your shopping seems to be getting out of hand, then you should consider asking for help. You do not have to have a lot of money for this. Just talk to a professional and you will eventually kick the habit.
- Supplier partnerships
You can’t run your business in its entirety alone. You must get help and suppliers are some of the best business partners. The right suppliers provide high-quality materials and may also provide product development services on credit.
By allowing extended terms of payment, you will be able to run business effectively when there is little money. Also note that this is a soft business loan that doesn’t require extensive banking procedures. This procedure works well for wholesale clothing vendors.
Before going out on a shopping spree, go through your closet. There are several clothes and accessories in there and you will find that you do not need to go shopping. This will also help you get rid of the clothes you hardly wear or have never worn. Eventually, you will find that you do not need to shop.
- Use coupons
Coupons aren’t limited to business spending. Even if your bank account has enough money, you shouldn’t rush to shop. How about you try saving for once or pay for some lessons. This will have lasting effects and shopping will not in any way compare to the benefits of the investment made on yourself.
- Borrow, rent or buy used
If you have to dress up in an expensive gown to an event, ask yourself if you will wear the gown afterwards and whether it is worth a new purchase. Your friends or siblings can help you out. There are also several online stores that sell used fashion items at a discount; visit these sites to save up. Most of the items are in good state, others never worn before.
- Avoid emotional shopping
Do you run to the mall or your favorite online store when depressed or just sad? This is a bad habit that will drain your bank account. The feel-good effects last for a short time and afterwards, you will have to worry about how to repay the loan or how the remaining amount will take you through the month.
- Consider your shipping options
The online store could charge less if you pick the items on your own. You will also pay less on shipping if you wait for about four days rather that asking for delivery in a day. Such options will save you money.
- Everyone sells
In a startup or a fashion business, everyone you know and everyone working for you works in sales. To generate revenue, you must sell and everyone should be ready to sell.
Conclusion: Assess your wardrobe, your finances, and wants against needs. Take advantage of discounts, deals, sales, and coupons and only place an order when you need that item
About The Author
Angie Boriss is a fashion consultant and a financial advisor. Visit her blog for her review of money saving shopping stores and the best wholesale clothing vendors in and out of the United States.