Small tricks to save big bucks
- This is the time when many credit card companies tie up with stores and offer 0 per cent interest if you shop from those stores.
- Though shopping with credit cards is not to be encouraged, use the tie-ups to your benefit.But make sure you spend only the amount that you have allotted to a particular product or category, no more. And you should have that amount in the bank. Don't shop on credit.
- You can now scatter the payment (from the money you have saved in the bank for this purpose) over two-three months (interest free).Plus you will get interest on that money from the bank. So you don't overspend and you also manage to get interest this way.
- Another plus point of using credit cards during this time is that you may end up buying in a hurry (because of all the attractive deals).What you buy may turn out to be faulty. Even if you have lost the cash memo but have your credit card receipt, you can go to the store and claim an exchange. And if you end up in consumer court, a credit card receipt will help.
- Buy in bulk during festive season, for example: buy three sets of sheets and get one set free.
- Also, avail of membership discounts. While shopping through the year, collect membership cards from the stores you visit most often.They generally offer five to ten per cent discounts. If you add that up, you will save a sizeable amount.