Sally's Finance

Sally's Personal Finance Guide

Is it Worth Comparing Prices When Shopping?

If we want to save money when we are shopping, one thing that we can do is to compare the prices of what we are buying. However, you may wonder whether it really is worth the effort.

Can do it in Advance

It is worth being aware that it is something that you can do in advance of shopping. You will be able to look online and see what places sell the items you want and how much they are and you can also compare different brands to see how the prices compare. This can be a lot easier and more relaxed than doing it while you are actually out shopping. It can also be rather exhausting doing it in the shop! You can also do it bit by bit. So, trying to do it with your weekly grocery shop all in one go will be hard, but take an expensive item that you buy and start with that. For example, if you buy a lot of cheese, then just compare different brands and prices between supermarkets. See how what you are paying compares to what you would pay elsewhere and think about whether you should consider shopping elsewhere for it or whether you should try some different brands or own brands. It can be wise to also do this with your utility suppliers, insurers, lenders etc so that you make sure that every single thing you are buying is giving you the very best value for money.

Can Save a Significant Amount

It is worth thinking about the fact that if you try to save money on each item that you buy, then you can really save a lot of money. Those savings will add up to quite significant and you will not have to give up anything that you normally like to buy. It can be great to have all of that extra money as you can use it for lots of things. For example, you will be able to use it to repay debts that you have or you could use it to put in a savings account to save up for something specific or so that you have money to fall back on. You could also use it to just help you to make ends meet more easily and be able to manage your money. There are different things that you could do with the money and it can be a lot of fun deciding what you are going to use it for. Some people might just use it to treat themselves to a few extra things.

Becomes a Habit

Once you get used to comparing prices it gets to be a habit and will no longer feel hard. You will be able to go to a shop and automatically look straight at the price and then think about whether that price is a good one or not. You will start to look at alternatives quickly, just like you would with loans and then work out if that is good compared to what else is there. You will also know the benefits of comparing costs because you will already be able to repay debts, save more or whatever so it will feel more worthwhile. You may get to the point where you just do it with more expensive products because you feel the saving is more worthwhile or you are happy that you have searched enough to get to know which brands offer you the best value or which shops are the best for you to shop in.

Think About Value

Of course, you may be thinking to yourself that you do not want to always buy the cheapest things as they may not offer you value for money. You are completely right of course. You could try different brands and see what you think for some items, such as food and drink as you have very little to lose if it is not as good and you might need to try a few different ones before you get it right. With more expensive products you may need to think about reading reviews and finding out more about the product or service before you buy it. There are plenty of places that you can go online to find reviews and so these can be a good place to start. Also do some investigating yourself by reading the product details and looking at the website. It can also be handy to ask friends and family what they would recommend as they are unbiased and may have some really good advice for you.