Question

How can you make good spending decisions as a consumer? Provide your answer in the form of a list.

Answer 1

Answer:

Following are some ways we can make or improve our spending decisions as a consumer:

1. Reasoning: Before spending any money on a product, reason with yourself that is the product actually worth it or not.
2. Budget: First set up a limit to spend on a product, and don't exceed that limit while shopping.
3. Research: Before buying anything, research about it, you may find something better somewhere else in the same price
4. Avoid getting in the talk of salesman: Most often my salesman convince people to buy things which they actually don't. Keep an eye for that
5. Wait for Sales and Discount: If a person shops at a particular place, he usually remembers when that place puts up a sale. Wait for it to shop.
6. Find a Partner: You can find a partner to shop. Both of you can help and suggest each other while shopping