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Save money by reviewing wrong financial advice

Postby Yugocean » 18 Oct 2022, 06:09

When it comes to saving money, you'll find tonnes of advice. That doesn't mean you have to believe every word of advice because following the wrong money-saving tips can cost you more than you need to.

For example, people may advise you to check for "buy one, get one free" offers. If you are shopping for vegetables, it is very tempting to get extra vegetables for the same price (but no one gives). However, when you come across such an offer for soft drinks while shopping, you get caught in the market gimmick.

But wait, and ask yourself if you actually want to buy soft drinks now.
If not, then avoid the wrong advice. You will save more by not buying what you don't want.
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Re: Save money by reviewing wrong financial advice

Postby augusta » 19 Oct 2022, 05:53

You are right a lot of deals, discount and the rewards from businesses are mere gimmicks just to lure people to buy more from them sometimes it's not what it seems.
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Re: Save money by reviewing wrong financial advice

Postby Yugocean » 19 Oct 2022, 06:12

augusta wrote:You are right a lot of deals, discount and the rewards from businesses are mere gimmicks just to lure people to buy more from them sometimes it's not what it seems.

Those people, who fall for the gimmik, often lose more; they enjoy shopping, so saving habit yet have to caught them.
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Re: Save money by reviewing wrong financial advice

Postby augusta » 11 Nov 2022, 10:49

Yugocean wrote:
augusta wrote:You are right a lot of deals, discount and the rewards from businesses are mere gimmicks just to lure people to buy more from them sometimes it's not what it seems.

Those people, who fall for the gimmik, often lose more; they enjoy shopping, so saving habit yet have to caught them.


Sure, they do lose and the funny thing is that these are never things they intended to buy but lured by these gimmicks to buy.
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Re: Save money by reviewing wrong financial advice

Postby nela13 » 11 Nov 2022, 14:45

We should only buy things that we use and that are good for our health, and take advantage of some supermarket promotions only if we need and consume the product otherwise, it would be a waste of money.
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Re: Save money by reviewing wrong financial advice

Postby augusta » 15 Nov 2022, 03:34

Sometimes we get overwhelmed by situations that becloud our sense of reasoning and make us take out bad financial decisions. When calm and we realized the mistake the best bet will be to revisit it and take a better one
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Re: Save money by reviewing wrong financial advice

Postby Starry » 13 Feb 2023, 10:21

I take buy one get one deals when they are available for items I really need such as bath soaps, skin care products or tooth paste. I have to buy these items sooner or later. In this case, I really save some money.
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Re: Save money by reviewing wrong financial advice

Postby augusta » 20 Feb 2023, 23:42

Sure, financial advice can make or mar your financial journey so it will be good to review the advice
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Re: Save money by reviewing wrong financial advice

Postby JASPREET » 02 Dec 2023, 08:10

Anything we do, we should review, because it will help us make better decisions in life and will ultimately help us in managing our finances
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Re: Save money by reviewing wrong financial advice

Postby Nsikan » 04 Dec 2023, 06:53

Not reviewing financial decisions before we take them would lead to erratic decisions.
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Re: Save money by reviewing wrong financial advice

Postby Sunky » 05 Dec 2023, 01:05

That's the reason you need to be financially sound on your own tonge able to understand when a financial advice being given to you is not sound enough.
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Re: Save money by reviewing wrong financial advice

Postby Presh » 05 Dec 2023, 07:47

Most friends have the penchant to give wrong financial advice but you have to review it.
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Re: Save money by reviewing wrong financial advice

Postby Tiern » 15 Dec 2023, 07:08

When you sense confusion on a financial advise you got, you should sit down and reevaluate it with worse case and best case scenarios to make a favorable decision.
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