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5 Ways to Prevent Buyer’s Remorse & Become a Savvy Shopper

5 Ways to Prevent Buyer’s Remorse & Become a Savvy Shopper

We have all known that sinking feeling as we are purchasing something. You can already sense the regret kicking in. The shop teller looks at whatever mistake you’ve made – a heavy lunch, jeans that are too small, a shirt that reads “I love Darwin!” – and smiles.

They know it’s wrong and so do you, yet the transaction continues. If it’s any consolation, you’re not alone. A new study, the “Decision Drivers Report” by Choosi, has found that nearly 1 in 3 Australians have experienced buyer’s remorse. To make matters worse, the same study discovered that 90 per cent of Aussies find making decisions difficult these days, due to more choice and less time. So how can you navigate this never ending maze without making some seriously costly mistakes?

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Read on for the top 5 ways to avoid buyer’s remorse while becoming a smart shopper.

Pick Your Moment and Plan Ahead

The study found that nearly half of Australians are likely to regret their purchase when shopping with emotion. So if you’ve had a tough day at work or are going through a brutal break up, don’t treat yourself with a trip to the shops. The best way to beat emotion is by writing a list – guaranteed to result in practical purchases only. The same goes for spontaneous shopping. If you fail to plan, you plan to fail. Buyer’s remorse and impulsive shopping go hand-in-hand. In fact, one in three Australians are more likely to make an impulsive decision when hungry. So instead of shopping while starving, eat first or take snacks with you. It’ll save you money in the long run.

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Hold Back on Holiday

Sure that floral print suit may seem like a great idea when you’re living it up in Hawaii, but when you get home, you’ll realise what a horrible mistake you’ve made. The Choosi study found that half of Australians are less rational and more reckless with their hard earned cash when they’re on holidays. Instead of buying up big because you’re away, try to set a daily dollar amount. That way you’ll maintain a sense of control, while still allowing yourself to get a little crazy.

Don’t let the Guilt Get to You

Every parent knows the pain and suffering that comes with spoiling their kids. At first it seems like a good idea, a simple way of showing affection. But once the standard is set, you can’t walk past a shop without hearing the soundtrack to their desire. “But Mum/Dad, I want it, I need it.” Research supports that feeling, with data revealing Australian parents are less cautious with their spending when spoiling their children. Don’t let the guilt get to you, instead opt for the delay and distract tactic. It’s also worth pointing out to your little ones all the different ways you spoil them already!

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Cooling Off Period

Even if a particular purchase seems like a good idea at the time, chances are you won’t end up using it. It’s all in the evidence, with the research proving that 70% of Aussies have bought things they’ve never used. This is even easier to do in the internet age, with 1 in 5 people admitting they tend to throw logic out window when shopping online. Commit to a cooling off period on any purchase that isn’t completely necessary. This way you can take a week to see how you feel about the transaction before totally jumping in. Statistics prove that you may change your mind (and save a little money), if you pause before purchasing.

Phone a Friend

Speaking of online, it doesn’t pay to just go digital when making big decisions. Australians still value actual advice from friends or family, as opposed to researching online. And yet we’re increasingly making major purchases – insurance, cars, homes – without seeking the support of our nearest and dearest. While the online world is full of wonderful comparisons, advice and opportunity, never underestimate the benefit of a good old fashioned chit chat.

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Last Updated on March 24, 2021

8 Smart Home Gadgets You Need in Your House

8 Smart Home Gadgets You Need in Your House

We’ve all done it. We’ve gone out and bought useless gadgets that we don’t really need, just because they seemed really cool at the time. Then, we are stuck with a bunch of junk, and end up tossing it or trying to sell it on Ebay.

On the other hand, there are some pretty awesome tech inventions that are actually useful. For instance, many of the latest home gadgets do some of your work for you, from adjusting the home thermostat to locking your front door. And, if used as designed, these tools should really help to make your life a lot easier—and that’s not just a claim from some infomercial trying to sell you yet another useless gadget.

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Take a look at some of the most popular “smart gadgets” on the market:

1. Smart Door Locks

A smart lock lets you lock and unlock your doors by using your smartphone, a special key fob, or biometrics. These locks are keyless, and much more difficult for intruders to break into, making your home a lot safer. You can even use a special app to let people into your home if you are not there to greet them.

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2. Smart Kitchen Tools

Wouldn’t you just love to have a pot of coffee waiting for you when you get home from work? What about a “smart pan” that tells you exactly when you need to flip that omelet? From meat thermometers to kitchen scales, you’ll find a variety of “smart” gadgets designed to make culinary geeks salivate.

3. Mini Home Speaker Play:1

If you love big sound, but hate how much space big speakers take up, and if you want a stereo system that is no bigger than your fist, check out the Play:1 mini speaker. All you have to do is plug it in, connect, and then you can stream without worrying about any interruptions or interface. You can even add onto it, and have different music playing in different rooms.

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4. Wi-Fi Security Cameras

These are the latest in home security, and they connect to the Wi-Fi in your home. You can use your mobile devices to monitor what is going on in your home at all times, no matter where you are. Options include motion sensors, two-way audio, and different recording options.

5. Nest Thermostat

This is a thermostat that lives with you. It can sense seasonal changes, temperature changes, etc., and it will adjust itself automatically. You will never have to fiddle with a thermostat dial or keypad again, because this one basically does all of the work for you. It can also help you to save as much as 12% on heating bills, and 15% on cooling bills.

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6. Smart Lighting

Control your home lighting from your remote device. This is great if you are out and want to make sure that there are some lights on. It is designed to be energy efficient, so it will pay for itself over time because you won’t have to spend so much on your monthly energy bills.

7. Google Chromecast Ultra

Whether you love movies, television shows, music, etc., you can stream it all using Google Chromecast Ultra. Stream all of the entertainment you love in up to 4K UHD and HDR, for just $69 monthly.

8. Canary

This home security system will automatically contact emergency services when they are needed. This system offers both video and audio surveillance, so there will be evidence if there are any break-ins on your property. You can also use it to check up on what’s happening at home when you are not there, including to make sure the kids are doing their homework.

Featured photo credit: Karolina via kaboompics.com

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