Reassess your online spending budget
Are you aware of how much money you’ve spent on online purchases last month? If your answer is no, then it’s time to pay more attention. The only way to save more money is to track your spending and have a clear notion of where your money goes, so that you can redirect it to your savings account, suggests Hernandez.
With the stores closed for a long period of time earlier this year, because of the pandemic, many of us, even eCommerce sceptics, have turned to online shopping. It might be safer amid the coronavirus pandemic, and definitely more convenient than in-store shopping, but it can also open the floodgates for impulse purchases. To avoid buying things just because they are on sale, Hernandez suggests waiting 24 hours. If the next day you still want to buy that item, ok, if not, just eliminate it from your cart.
Speaking of online purchases, make sure you know and avoid these 7 Common Online Shopping Mistakes That Could Leave You Broke.
