Tricia Iwuoha
At the start of the year, we all make some resolutions with the zeal to achieve our goals, whether it’s to save money, get fit or execute a project we’ve been putting off.
But, this zeal quickly fades, when our daily routines take over. One common area where we might fall short of is shopping. Sometimes, without even noticing, we spend money on things we don’t need, or make quick purchases that don’t fit our long-term goals. With the high cost of living and constant changes in the market, it calls for one to embrace strategies that help them get the best value without compromising quality.
Here are some tips on how to make thoughtful purchases that align with your personal and financial goals.
Make a list and stick to it: Before heading out, write down exactly what you need to buy to avoid impulse purchases.
Know the market: Research current prices for items you want to buy by checking different markets, comparing prices online, and utilizing local knowledge about price variations.
Compare prices: Don’t just settle for the first price you see; visit multiple vendors and compare prices to find the best deal.
Buy in season: For fresh produce, shop during the peak season when prices are usually lower and quality is better.
Check for discounts and promotions: Look for sales, clearance events, and special offers at stores.
Negotiate: In many Nigerian markets, negotiation is common practice, so don’t be afraid to try and bargain for a better price.
Utilize online platforms: Explore online shopping sites like Jumia, Konga, Jiji and Temu to compare prices and find deals across different vendors.
Consider bulk buying: If you know you will use a large quantity of an item, consider buying in bulk to potentially save money.
Be wary of price gouging: Be aware of situations where vendors might try to inflate prices, especially in tourist areas.
Quality over quantity: Focus on buying quality items that will last longer, even if they cost slightly more upfront.
Shop at local markets: Local markets can often offer lower prices compared to supermarkets, but be prepared to negotiate.
