Besides summer, the Great Singapore Sale (GSS) is the next biggest season in Singapore. June and July are the months all shopaholics come alive. It is important to make sure that you spend wisely. Otherwise, your bank account may be severely affected. Here are some simple tips for you to shop guilt-free, and reap the best and smartest deals.
Create a shopping list
Before you go on a shopping trip, have a round of window shopping. Make a list of all the items that interest you and items that you really want. Make sure to take note of the prices too! You might want to take a few pictures of these items if it helps with your memory. Decide on your budget, and pick out the items that you want, given your budget. Rank your items in a priority list. This will help you come up with a shopping list for your second trip, where the real act of shopping occurs. Having a shopping list will prevent you from shopping aimlessly and impulsively. It not only prevents you from overspending, but it also prevents you from spending unproductive shopping hours in the highly uncomfortable crowd.
Make use of your credit cards! BUT do not charge it to random cards
Credit cards provide many privileges and rewards. You might be aware of this, but you might not know the details of it. Make sure you know the privileges and rewards of all your credits cards. Make use of them when you go shopping. Your knowledge on the privileges and rewards of each card will pay off. You will know when to use which card, reaping off (even more) reward benefits, and at times, save more money where rebates come into play. Make sure you don’t end up charging your bills to random credit cards. This will result in overspending and having a debt higher than Mount Everest.
Timing, timing, timing!
Shopping should be an enjoyable thing to do. Some even consider it a hobby or pure retail therapy! Clinching good deals during GSS will make you happy, but having a good shopping experience will make things even better! You don’t want to be walking shoulder to shoulder in a shopping mall, queuing to try on clothes at fitting rooms, and queuing again to pay for your items. Go shopping early in the morning once the malls are open. Weekday mornings are ideal. Empty malls are worth waking up for. Trust me. Beyond having a good shopping experience, shopping at the right time of GSS will result in more savings. As you know, discounts do not stay the same throughout the whole GSS. You should probably wait till the last week of GSS before indulging in a shopping binge. Retailers see GSS as a good outlet to clear their stock. The ‘10% off’ items may become a ‘20% off’ in the last week.
DO NOT assume that all discounts are real discounts
If you understand the psychology of pricing, you will know that having that word ‘discount’ pasted all over a store will tingle your shopping sense, especially if you are a lady. Assuming you are interested in item A that you saw during GSS. It is now priced at $200 but GSS gives it a 50% discount, making it $100 now. What a great deal! However, what you do not know is that the price may have been adjusted during GSS. Before GSS, the item could have been priced at $100 and then inflated to $200 for the sale. Giving discounts is a trick commonly used in the retail industry to attract consumers to purchase an item, even though the price is essentially the same before or during a sale. It is hence not very wise to assume that all discounts are a bargain. To prevent that from happening, go online to check the original price of the item. The prices online may not be affected by the GSS. Going for the first trip of window shopping so that you can sieve out the REAL DEALS proves to be beneficial, once again.
DO NOT make purchases just because it is the only chance for you to get it on sale
Look around your house, how many items were purchased during the previous GSS just because it was a great deal and are now collecting dust on your shelves ever since? No doubt some sales items prove as really good deals, but if you don’t need the item, purchasing it is actually just wasting your money, not saving you money. Save the money on items that you do not need, and buy something that you will definitely need in the future. Even if the future item does not come with a discount, it is necessary and you will use it. Before you make any purchase, always ask yourself this question ‘is this really necessary?’
Excited for a great shopping spree? Don’t forget these great tips before you step into the malls, stop yourself from turning the Great Singapore Sale to your Giveaway Salary Season.