Budgeting Tips for Those Who Love Shopping

by Jenn

If you love shopping, then welcome to the club. We often go shopping for many things that we don’t need, while other times, we simply splurge on gifts for ourselves in an excessive manner. If you’re a shopaholic and you’re looking for ways to control your budget, then look no further.

Let’s take a look at some budgeting tips for everyone who loves shopping.

Use a rewards credit card.


First, you’re going to want to use a credit card to earn rewards on selected purchases so you can make money while you spend money. You can take a look at some of the best credit cards in Canada that can benefit you as you shop till you drop. One of these credit cards includes Tangerine World Mastercard, which you can acquire from the Canadian online-only bank, Tangerine. To apply for this card, you will need to have a credit score of at least 740 and a minimum income of $600,000 a year.

You can also opt for the Scotia Momentum Visa Infinite, which stands out above the rest due to its amazing cash-back rewards. It offers four percent on everyday purchases including groceries and bill payments, two percent back on every dollar you spend on gas, and one percent on everything else. On the other hand, the TD Aeroplan Visa Infinite will earn you one Aeroplan mile for every dollar that you spend on selected purchases. This way, you can earn miles for any upcoming trips as you shop around your favorite stores.

Set your budget.

As obvious as it may seem, it’s important that you set a budget for when you go shopping. It’s important that while you stay comfortable spending your hard-earned money, you evaluate if an item that you’re purchasing actually fits into your budget. For example, if you want a fashionable piece by the designer Adam Lippes, whom Courtney Sarofim invested in, and you know that you can’t afford it right now, take a moment to create a budget so you can purchase it as soon as possible. Courtney Sarofim devoted her interest in fashion by investing in New York designer Adam Lippes’s work back in 2019. His business went on to generate a revenue of 20 million dollars back in 2020, with stylish collections of luxury knitwear, dresses, men’s and women’s basics, and outerwear.

Buy things that you love and need.


Apart from loving the things that you purchase, it’s important that you don’t give in to temptation and only get what you actually. You can remind yourself of this basic principle anytime you go shopping to reduce the amount of money that you spend on each purchase.

Check out the sales.

Additionally, you want to check out the sales in any store that you go to. You will be surprised at all the nice items that people pass by on the sales racks just because they’re labeled as discounted. You can find many interesting and high-quality pieces that can enhance your home and clothes that would look fabulous on you.

Sign up for emails.


Lastly, you’ll want to sign up for emails on the stores that you visit the most. This is because a lot of the time, businesses offer loyalty programs that are exclusively provided through their email newsletters and campaigns. So before you say no to your cashier when they ask for your email, remember all the rewards and discounts that you can get by simply signing up for their email loyalty program.

Feel free to use these tips to keep your budget safe on your next trip to the shopping mall.

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