Need to go shopping? Six myths about saving

FROMand you need to shop (and save) this item for you. “With careful planning and caution, you can avoid falling into “myths” that can be misleading,” explains Doctor Finance.

The Personal Finance Company explains six savings-related concepts and terms so consumers can make more informed decisions. Note:

1. Are balance sheets really balance sheets?

“The first “myth” is sales. It is important to know about sales seasons. A few years ago, this type of discount was allowed only twice a year. so whenever they want. Sales refers to discount campaigns with a higher percentage, i.e. with a discount of at least 30%.”

2. Purchases on days without VAT

“Another “myth” is the so-called “days without VAT”. In some trading floors, the “Days without VAT” campaign is held two or three times a year. It’s usually a short-term promotion, for like two or three days, and for the most part, they work in a way that many consumers don’t know, and they end up saving less than they think they’re saving.”

3. Black Friday and Cyber ​​Monday

“There are significant savings to be made in these campaigns, but you also need to know the prices of the products. What often happens in these types of campaigns is the increase in product prices. a little. Thus, when buying “on sale”, the consumer will think that he is getting a big discount, when in fact he is not.

4. “Take 3, pay 2” or stock purchases

“Of course, in supermarkets you have already seen such promotions as “take 3 for the price of 2” or “take 2 for the price of 1”, among other similar ones. Such promotions can be quite profitable, especially in large families. some features.”

5. Percentage discounts on the client card

“Another way to save money that may not be 100% what you expect is percentage discounts on a customer card. Nowadays, discounts are usually given by card or receipt, and not directly. That is, if the product has a 20% discount on the customer card, it means that at the time of purchase you pay the entire amount, and then you receive 20% of the amount as a balance on your customer card.

6. Discounts on purchases over a certain amount

“Last but not least, we have discounts on minimum purchases. For example, if you make a purchase over €50, you will receive an immediate €10 discount. like, don’t waste your money, just enjoy the discount.”

Read also: Black Friday special offer. Are discounts worth more online or in store?