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Do not ignore small savings by comparing with small expenses

Postby Yugocean » 07 Feb 2023, 07:09

Many times, people do not consider small expenses for unnecessary things as futile.
Like, have you ever seen on the market a product priced at $1.99? People who buy a product will pay $2 because they don't know what to do with one dime, but this is incorrect. The reason the price is $1.99 is so people can pay 1 cent more to show off, and the benefit goes directly to the seller with no tax and no records, because even if you paid $2, you got a bill for $1.99. It's also worth saving 1 cent.
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Re: Do not ignore small savings by comparing with small expenses

Postby Treborika » 07 Feb 2023, 07:19

I agree with you on this. I too oftenly found myself in this scenario. I tend to ignore the one cent here.
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Re: Do not ignore small savings by comparing with small expenses

Postby Starry » 07 Feb 2023, 10:24

Yugocean wrote:Many times, people do not consider small expenses for unnecessary things as futile.
Like, have you ever seen on the market a product priced at $1.99? People who buy a product will pay $2 because they don't know what to do with one dime, but this is incorrect. The reason the price is $1.99 is so people can pay 1 cent more to show off, and the benefit goes directly to the seller with no tax and no records, because even if you paid $2, you got a bill for $1.99. It's also worth saving 1 cent.

I seldom use cash to pay for purchase now. I only use credit card or Octopus card (a stored value smart card). I just pay the exact amount.
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Re: Do not ignore small savings by comparing with small expenses

Postby nela13 » 07 Feb 2023, 15:34

I always accept the change, no matter if it is only 1 cent, it is money! If we go somewhere and we lack 1 cent to pay, we don't bring the product.
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Re: Do not ignore small savings by comparing with small expenses

Postby augusta » 08 Mar 2023, 09:48

Yeah it is to stay away from the small expenses to save money
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Re: Do not ignore small savings by comparing with small expenses

Postby peachpurple » 08 Mar 2023, 12:33

However, singaporr and malaysia do not use 1 crnt anymore. 5 cent coins some shops do not acxept anymore although the bank does.

Yes, the retailers are earning those 1 cents frkm each consumers. That is why now they round up the amount.
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Re: Do not ignore small savings by comparing with small expenses

Postby Treborika » 08 Mar 2023, 20:46

For me I value even smaller coins . The small amounts usually builds up and you see a huge amount of money
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Re: Do not ignore small savings by comparing with small expenses

Postby Xynehappy » 09 Mar 2023, 09:37

I too second this. I always make sure that I make use of every cent that I can get. Therefore I manage saving little by little where after it builds to alot of money.
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Re: Do not ignore small savings by comparing with small expenses

Postby Vehlijanta » 12 Mar 2023, 08:48

You need to pay online to save that one cent
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Re: Do not ignore small savings by comparing with small expenses

Postby augusta » 21 Mar 2023, 10:25

Treborika wrote:For me I value even smaller coins . The small amounts usually builds up and you see a huge amount of money


yes you can't ignore even the smallest coins we can still store them so that they add up to make good money
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Re: Do not ignore small savings by comparing with small expenses

Postby Vehlijanta » 21 Mar 2023, 14:41

I consider this small amount to save by paying only through wallets
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Re: Do not ignore small savings by comparing with small expenses

Postby augusta » 22 Mar 2023, 09:39

Nothing is too small to save. this just about conserving every penny to use it for something big.
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Re: Do not ignore small savings by comparing with small expenses

Postby eldavis » 19 Jun 2023, 14:17

There is no amount that is too small. That's one thing about me i try to save anything i get, no matter how small. Cause the truth of the matter is that without that one cent you consider as too smal, you cannot make a dollar. That's to tell you how important the one cent is in completing a dollar.
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Re: Do not ignore small savings by comparing with small expenses

Postby SHAHID987 » 19 Jun 2023, 15:01

Ignoring small savings remain acceptable for sometime but once it becomes habit then we face very true problems. I take the changes which shopkeepers give me and then use it in other place when it becomes too much.
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Re: Do not ignore small savings by comparing with small expenses

Postby Nsikan » 20 Jun 2023, 06:15

That extra one cent might be going straight to the pocket of the cashier.

-- 01 Nov 2023, 05:54 --

A person that values money doesn't joke with even one cent. They can easily compound to buy you something that might be useful to you.
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Re: Do not ignore small savings by comparing with small expenses

Postby augusta » 25 Nov 2023, 10:24

Yes it is good to continue saving no matter how small it is . it would go a long way.
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Re: Do not ignore small savings by comparing with small expenses

Postby Treborika » 25 Nov 2023, 10:43

That's why most people would prefer paying using the cards. Here you can input the exact amount of money on your bills or purchases.
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Re: Do not ignore small savings by comparing with small expenses

Postby Nsikan » 26 Nov 2023, 00:04

I find that behaviour to be financially arrogant. One cent is money that can accumulate accross 5 purchases and get you a pack of sachet water. But some people just overpay just because it's one cent over.
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Re: Do not ignore small savings by comparing with small expenses

Postby Presh » 26 Nov 2023, 01:40

I am guilty of this. I always pay $10 for a product if $9.99. I think I have to stop. I always regard the one cent as insignificant.
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Re: Do not ignore small savings by comparing with small expenses

Postby Tinni » 26 Nov 2023, 07:58

I always pay exactly the advertised Price. I should even be negotiating for a slight reduction. Why do I need to add one cent to them.
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