Category: Savings


Is it Worth the Time to Look for Lower Prices?

There are some people that shop around all of the time. They look around to see whether there are any lower priced items than what they are buying to see if they can save money. You can compare prices in the bigger stores online so some people do this regularly to make sure that they are not paying too much money. But is it more effort than it is worth?

You may feel that if you compare the prices on every single item that you buy then you could end up spending lots of times looking from shop to shop but you may not have to do this. There are comparison websites where you can compare the process across the main retailers and you will be able to see whether you are paying more than necessary. There will be other shops that are not included online, where you may be able to save more, but even if you can save some money it could make a difference.

It is best to spend time comparing prices on the more expensive items that you buy. This is whey people swap their mortgage company, insurers and utility suppliers more often than their supermarket. However, even if you switch from branded to unbranded items or start shopping in a cheaper supermarket you will save money and all of those savings will all add up.

Whether it is worth the time is a very personal question. If you are struggling financially and getting stressed about it, then saving some money could be really worth it as it could mean that you will be able to repay those debts more easily. However, whether it is worth your time all depends on what else you will be doing with your time.

If you are using time that you would otherwise be using the earn money, then unless you are earning less money than you will save by finding a lower price, then it is better to work rather than compare. So with the more expensive things it could really pay off, but with the cheaper things it may not.

It is also worth considering your fuel. If you decide that you will split your shop between many different supermarkets to save money, it is important to cost in how much it will add on to drive to several places rather than just one. It will all depend on how much money you actually are saving as to whether it is worth doing lots of journeys. If you are on foot, then this is not an issue of course but you still have to consider whether you think that it is worth the time to walk from place to place to save money. You may consider the walking good exercise and be happy to do it, but it may take up time when you would rather be doing other things.

If you spend a lot of time worrying about money and how you will make ends meet each month, then seeking the lowest prices could be significant. It could help to lower your stress levels and could mean that you are happier. However, if you manage anyway, then perhaps there will not be so much value in working so hard to save money.

It can be worth just calculating which supermarket is cheaper overall for you and shop there. So do not buy certain items in certain shops, but just work out where to do your whole shop from that will be the cheapest. You will still save money but you will not take up so much time shopping and it will be more convenient.

You may feel that making these small savings is not worth it. However, each small saving adds up and it can make a significant difference at the end of the month or year. Overspending when it is not necessary is a waste of money and you could spend that on many other things which could potentially bring you a lot of pleasure. So start by looking at those big bills and see if you can reduce them and then look at the smaller things and you should find that eventually you will be able to save a significant chunk of money.