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Impulse buying





With so much choice in the marketplace it can often be difficult to decide which good or sevice to purchase.The key to avoid impulse buying is to be aware of your needs and your budget and avoid the trap of impulse buying. Impulse buying is where you purchase a good or service on the spur of the moment and later discover that you cannot afford this product or do not really need it. Supermarkets and planned shopping centres are designed to maximise the liklihood of unplanned purchasing.



What exactly are my needs?



The first step to successful comparison shopping is to know what your needs are and avoid impulse buying. The key to achieving this is to be organised. Making a list of the goods and services you really need will also help you avoid impulse buying. Doing this can make you avoid making unwanted purchases and ensure that the products bought meet the needs of your requirement.



Can I afford this and have I compared prices?



Budgeting carefully so that you know how much you can afford to spend and what other financial commitments you have may benefit you in the long term. Comparing the prices with other similar products on the market may help you in choosing the appropriate item for you.



Does the product come with a guarantee or warranty and what are the features of the product and will it do all I want it to do?



What after sales are available with the product? If so, what are the terms and conditions of these offers? You should write a description of the important features that you require in a particular good or service.



How safe and reliable is this product?



A product is said to be reliable if it does what is required or expected of it over a reasonable period of time. An important step is to check that the goods you are purchasing are in proper condition before exchanging money for them.This is especially important when buying a second hand good.



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