Five Easy Steps for Making the Most Out of Your Cash

Money can’t buy happiness, but it can certainly make the process of earning it easier. However, it has one flaw: Its supply is limited. Regardless of what you do with it, there always seems to be a point where you could just use that extra bit of cash. While having more cash is always a good solution, it’s not always the most practical one. In lieu of that, you can simply start saving money. The best part? That doesn’t mean you have to give up on your purchases.

Step One: Know What You Need

When it comes to buying, the first question that needs answering is whether you really need to buy anything. Living among hundreds of advertisements with no real-life ad blocker to solve the issue goes a long way towards conditioning the consumer to feel the need to buy. Before you start planning your purchases, always answer yourself: Do you truly need to spend your hard earned money on that? Maybe you already have something that fills that niche? Superfluous purchases are one of the biggest money drains in a personal economy.

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Step Two: Choose Wisely

While the first step is always identifying whether you truly need the item you plan to buy, the next is researching whether the offer you’re looking at is advantageous. This is one of the most important elements of saving money in the long term, endorsed by Warren Buffet (Who’s that? Just the most successful investor of the 20th century, that’s who!). The modern market is filled with seemingly advantageous offers, ones which are designed to attract and entrap you. The vast majority of special offers and big savings are designed in a way that benefits the retailer, not the consumer. For example, a zero percent interest rate on a smartphone purchase usually results in increased processing fees and higher rates, drawing money out of your pocket. The retailer will recoup their lost profit margins.

Step Three: Don’t Pay the Full Price

Of course, even if the offer turns out to be the right fit and very advantageous, that doesn’t mean you have to be a good consumer and quietly pay your due. The biggest advantage of the digital age is that you can find plenty of methods to save your hard-earned rupees in other ways. The most convenient way to save cash is using Internet coupons. These allow you to cut the price of whatever you purchase online by a certain percentage, which can range anywhere from 5 to 50 percent. Even more, in certain cases. Perhaps the biggest advantages of coupon sales are that they are extremely convenient and plentiful. With a coupon available for nearly every type of merchandise in existence, you can save money with just a tiny bit of effort.

Step Four: Choose the Right Platform

Of course, there’s also the matter of choosing the retailer to purchase your desired good from. Luckily, India is one of the largest markets for online retailers in the world. The largest and most expansive of these retailers is the venerable Snapdeal, originally founded in 2010. It offers hundreds of thousands of different goods, ranging from footwear and clothing, through electronics such as television sets and mobile devices, to cars and furniture. The biggest advantage of Snapdeal is that it has a long history of issuing and honoring Internet coupons. Between coupons and sales, it’s a good place to get the most out of every rupee you earn and is constantly expanding its offer.

Step Five: Plan Ahead

Of course, the caveat is that coupons aren’t available for every item or for every type of merchandise. However, instead of resigning yourself to paying full price for the item you want, why not delay the purchase? Staggering the buying process into different stages is not only easier on the wallet, but also increases the likelihood of finding a coupon that will help you save on the purchase.  Simply put, there’s a bigger window of opportunity, as all coupon sites particularly those offering coupons for Snapdeal, refresh and update their sites regularly. Waiting a few days can bring a new coupon offering, one you’d miss out on if you made the purchase on the spot the moment it became available.

Bottom Line

All five steps boil down to one thing: Awareness. The modern economy has plenty of advantages, but in order to survive with your personal finances intact, you need to be a consumer conscious of your options, researching your purchases in depth, and stack the deck to your advantage. It might sound challenging, but in the end, it is simply taking your time to plan your purchases, knowing what you need, and finding ways to save money with each purchase. Coupons are one of the top methods in this aspect.

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