This can lead to overspending or buyer’s remorse with impulse purchases. This may take some of the excitement out of shopping, but it will keep you from buying things you don’t need. Take your time to research the product you need. Develop a buying plan by comparing features, reading reviews, and evaluating your options. This is an attitude of discipline that will help you to avoid spending more than you should on any particular item.

2) Shop During Sales and Off-Seasons

This is especially the case when it comes to saving. A discount can be obtained from retail stores during Black Friday, Cyber Monday or holiday weekends. Buy things like winter coats in the spring or patio furniture in the fall for example. This can result in steep discounts if done properly.

3) Compare Prices Online and In-Store

Do not pay the first price that you find. To check for deals online, check Google Shopping, CamelCamelCamel for Amazon products. Head to physical shops as well because they can provide prices that have not been promoted in ads and sometimes a price match guarantee. Spending a few minutes comparing prices could help you save some hundreds of dollars.

4) Negotiate for Discounts

You would be surprised at how frequent retailers are willing to negotiate, particularly for bigger items such as appliances, furniture and electronics. Ask if there is sale coming up, floor models or discounts for purchasing several items. The cash payment can also help you to have more bargaining chip.

5) Look for Refurbished or Open-Box Items

You can find refurbished or open box products that have the same functionality as new ones at significantly lower prices. These products are tested and certified by retailers, so they know they will work. Just a little tip: also check the warranty and return policy to make sure you have some extra security.

6) Take Advantage of Loyalty Programs and Coupons

Some retail apps offer exclusive discounts and sales. Some other small perks are available from store apps, newsletters, and loyalty programs, which can include exclusive discounts, sales, or promo codes. Certain credit cards can also help you save in the form of cash back from your purchases.

7) Consider Financing Deals Carefully

Using zero-interest financing can be a great way to buy now and pay later over time without paying extra as long as you pay it off during the promotional period. But, you need to watch out because if you miss a payment, or keep a balance beyond the promo period, you could be looking at high interest rates. Just make sure you read the fine print before you agree to the financing terms.

8) Buy Quality Over Quantity

While it is tempting to go for the lowest cost, cheap items are more likely to wear out quickly and may have to be replaced more often, which can be more expensive in the long run. Buy good quality, long lasting products like furniture, appliances or shoes. This is a form of economy in the long run.

9) Use Cash or Debit Instead of Credit

Using cash or a debit card helps you to not pay interest and also helps you to stick to your budget. Some retailers also provide discount for cash payment since they do not have to incur processing fees. Also, carrying cash can make you more powerful when negotiating.

10) Wait for the Right Moment

Using patience as your financial superpower can help you save money. This is because many products are usually cheaper after the launch of new products or new models. Some examples include buying last year’s electronics or cars which can help you save a lot of money without getting too many features. In some cases, you can get very huge price drops within just a few weeks.