Keep these situations in mind the next time you go shopping to avoid overspending.

Companies want you to spend money. Lots of money. And they have plenty of ways to get you to do this. From special offers to bonus buys, companies know what makes consumers spend. If you’re trying to save instead of spend, it’s important to know the tactics companies use to pressure you into spending more than you intend.  

Money Traps: Ways Companies Pressure You to Spend

September 13, 2016

Keep these situations in mind the next time you go shopping to avoid overspending.

Companies want you to spend money. Lots of money. And they have plenty of ways to get you to do this. From special offers to bonus buys, companies know what makes consumers spend. If you’re trying to save instead of spend, it’s important to know the tactics companies use to pressure you into spending more than you intend.

Here are four ways companies pressure you to add to your order and increase your spending. 

Free Shipping


We’ve all been sucked into this trap at one time or another: you only have $20 in your cart but the minimum to receive free shipping is $50. So you add two, three, or four more items to the load and end up spending much more than what the charge for shipping would have been. It can be tempting to pack in the products to make the free shipping cutoff; but if you’re piling in items that weren’t actually on your list, you’re simply overspending to save a very small amount.

Store Cash


This is a tactic many companies use to lure you into spending more money than you originally intended. Maybe you’re only spending $50, but find out if you spend $75 you’ll get $10 in store cash to spend on your next purchase. These offers can work in your favor if you’re a frequent store shopper, but beware! Many of these offers have tight time limits, lots of restrictions, or a minimum spending threshold.

Mystery Gifts


Gifts with purchase can be a great bonus, but if it is a mystery gift you should probably pass. For one, who knows what you will get—is it really worth it to spend the extra money to qualify for something you may not even want? Probably not. Secondly, mystery gifts are usually made up of merchandise that has not sold well, meaning it’s usually something people don’t want to buy in the first place. It’s better to hold out for a better deal or sale than to risk spending more for an unknown prize or gift.

BOGO Offers


Buy one get one offers are great for when you have the item on your list, but often times these offers make you buy things you don’t need. As you’re walking down the aisle, those bright colored BOGO offers grab your eyes and lure you to buy. It’s a smart decision to buy it if you need it, but you may find yourself getting to the check out with a pile of items you don’t need, simply because they are a good buy.

When it comes to your money, it’s best to save it for purchasing what you really want instead of falling prey to some of the sales tactics above. If you’re trying to save, keep these scenarios above in mind to avoid over-spending or impulse buying.

What are some ways you avoid over-spending at checkout? Let us know below!

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