Advertising

Why You Should Be Careful When Buying a Mattress Online

Advertising
Why You Should Be Careful When Buying a Mattress Online

The days of wandering the mattress showroom in desperate hopes of finding a bed that’s at least mildly comfortable (all while a salesperson breathes down your neck) are over. Thanks to the rise of e-commerce, anybody with money to spend can hop online and buy themselves a brand spankin’ new mattress.

There are many upsides to purchasing a mattress online. These include convenience, reduced prices (in many but not all cases), freedom from sales pressure, and the ability to read reviews and comparison shop a huge number of brands and mattress types. You can also choose between direct-to-consumer retailers and online stores that sell mattresses from a variety of manufacturers. Sounds great, right? Well, yes and no. Before you hit “purchase,” you should be aware of several important factors that make online mattress shopping a little more complicated.

Advertising

You can’t try the bed.

Easily the biggest downside to online shopping is the fact that you can’t try out the bed before buying it. Given that the right mattress for you will vary depending on your preferred sleep position, health conditions, and personal preferences, buying a mattress without testing it out first requires a big leap of faith. Sleeping partners also have their own mattress preferences, and it can feel a bit like you’re Goldilocks searching for the mythical bed that’s “just right.”

Of course, this is where online reviews can really come in handy. Seek out reviews from people who mention having similar preferences or sleeping styles as you in order to help gauge if the mattress will suit your needs.

Advertising

If you don’t like the mattress after purchase, all of your options will cost you time and/or money.

Let’s say you buy a mattress online, assemble it in the bedroom, and sleep on it for a few nights only to discover that it really isn’t comfortable. Then you’re left with a couple options, and neither of them are great. You can:

  1. Purchase a topper for your mattress. While this might make you more comfortable, you’re likely to pay much more money for a mattress topper than for the mattress itself.
  2. Take advantage of a free trial. This requires some foresight, since you’ll need to enroll in the trial before bringing the bed home. Some companies will allow you to test out several mattresses over the course of 100-plus days before making your final decision. This obviously has its benefits, but the downside here is the hassle involved. Don’t underestimate the energy (and money if you hire movers) required to move various mattresses in and out of your bedroom and navigate different return policies.
  3. Return the mattress. The smoothness of this process varies greatly by company. Some companies promise a free pick up and no-fee returns, while others will require you to package the mattress and pay to ship it back to the retailer. Often times if the mattress gets dirty or is damaged during shipping, retailers stick you with the bill. In contrast, several companies offer to pick up the mattress from your home free of charge. That’s why it’s imperative that you have a crystal-clear understanding of a company’s return policy before purchasing a mattress online.

You’re likely to experience less sales assistance.

This is certainly not true for all online retailers, but in some cases buying online means that you won’t benefit from personalized attention. It also means that you won’t have an opportunity to negotiate price, which is a common occurrence in brick and mortar stores. You’re also less likely to benefit from free or low-cost takeaway of your old mattress, meaning you’ll need to figure out how to dispose of it on your own.

Advertising

Again, this is where some online sleuthing can really come in handy. Before you purchase a mattress, scope out reviews of the retailer online and monitor their social media pages to see how they respond to consumer questions or complaints. If the retailer doesn’t respond to people’s concerns, that’s a red flag. In contrast, demonstrations of helpfulness can give you confidence that you’re making a safe choice.

None of this is to scare you away from purchasing a mattress online. There are tons of great companies out there that are committed to providing high-quality, affordable mattresses and stellar customer service. However, it’s helpful to be aware of the challenges involved in online mattress shopping and to do your due diligence before you buy.

Advertising

More by this author

Kenny Kline

Entrepreneur

This Is Why You Should Sleep on Your Left Side (Backed by Science) 5 Self-Care Practices that Are Guaranteed to Change Your Life and Well-being Mattress Shopping Why You Should Be Careful When Buying a Mattress Online How To Wait For What You Want Why Rest Days are Important for Higher Efficiency at Work

Trending in Budget Activity

1 6 Easy Ways to Treat Yourself 2 Seven Tips to Save Money While Renovating Your Home 3 4 Ways to Make Every Penny Stretch in 2017 4 Getting Out of Debt in 4 Simple Steps 5 10 Amazon Review Sites That Will Get You Really Good Deals

Read Next

Advertising
Advertising

Last Updated on July 20, 2021

Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

Advertising
Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

Break Free of Your Finances

Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

Though it seems hard to believe, it is really very simple to get financial freedom.

To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

Advertising

Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

1. Stop Unnecessary Spending

We often spend money inwardly, instead of objectively.

For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

To stop this habitual spending, log down all your spending over the course of a month.

Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

2. Plan a Monthly Budget

This is a great opportunity to get serious.

Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

3. Cut-up Credit Cards

Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

Advertising

If not, you may want to consider ridding your life of the burden that credit cards bring.

Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

4. Increase Savings

There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

It’s good practice to save up to 15% of your income.

Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

5. Invest Wisely

Consider investing in funds.

Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

Advertising

Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

6. Invest in Gold

There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

Another way to invest in gold is through ETFs (Exchange Traded Funds).

These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

7. Stash Emergency Funds

Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

Make it hard to get your cash.

Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

Advertising

8. Find Fabulous Mentors

Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

9. Be Extra Patient

Patience is the key of financial success.

Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

Financial Freedom for All

Anyone can achieve financial freedom, regardless of their financial circumstance.

Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

Featured photo credit: rawpixel via unsplash.com

Advertising

Reference

[1] Hartford Gold Group: IRA Retirement Accounts

Read Next