How Can You Save Money On Your Purchases? Here Are 5 Ways

It can be difficult to figure out simple ways to save money and how to use your savings to pursue your financial goals.

Updated: Saturday, March 25, 2017, 14:04 [IST]

We make purchases in order to buy those things that we need. It may be clothes, furniture, electronics, food, or any items. There are things that you can do to save thousands per year when making those needed purchases.

Here are five ways you can save money when making a purchase.

Buy used and older models

Buying new things are good, but it will costs you more. If it's at all possible, you should check for used or refurbished options first. Buying a used car or Tv has the potential to save you thousands. You can also try looking for older models of a particular item. d.

Promotions and coupons

Look for coupons while planning to purchase something. It is time-consuming, but the result will surprise you. Sign up for the newsletters of the stores you like to shop at through your Gmail. Most offer discounts, exclusive sales, and coupon codes. Check this emails when you need to make a purchase.

Compare prices

Always compare prices before making a purchase. Camel is one of the best price tracking tools you can use. It will tracks the prices of anything on your wish list in Amazon. You can set your desired price, and you'll receive an email alert when the price drops on an item.There are many similar browser extensions and apps that you can use to view the price history of an item. This helps you to offer price match guarantees.

Gift cards

Some websites sell gift cards at discounted prices. Keep an eye out for gift cards. You can use this cards for purchases. It's a great way to get a little discount.

Cash back opportunities

There are many ways to earn cash backs now. You can use cashback toward anything. Now, Paytm, MobiKwik and many other wallets are offering cashback for purchasing through their apps. Another easiest ways to earn cash back is through shopping portals.