I’m Not Blowing My Budget on Shopping Sprees. Here’s How I Score Deals on What I Want

Shopping big sales like Amazon Prime Day is one way to save money. But with so many deals on items you want or need, it’s also easy to slip into a risky spending habit: impulse buying. 

As an accountant, I know how overspending can wreck your finances and blow your budget. Adding those deals to your cart can feel great at the time, but the feeling quickly fades when you face a steep credit card bill or depleted savings account. 

Here’s how you can curtail unnecessary spending while still indulging in a sale. 

Figure out your budget

If you want to avoid overspending while shopping, you need to first know how much you can comfortably spend without pulling away from other priorities. 

Consult your budget, if you have one. If not, you’ll want to look at any upcoming bills, expenses and savings goals. Figure out how much you’ll have left in your bank account after tackling these costs. You can use a budgeting app, spreadsheet or old-fashioned pen and paper to help. Whatever the number works out to, don’t spend over this amount. 

But you also don’t have to spend the total amount either. For example, if you can free up $350 in your budget, but need only $200 worth of items, move the extra money to a high-yield savings account.

Once you have your shopping budget, build out a list of items you’d like to buy. This will help you stay on track when deals you weren’t counting on buying pop up. You can even use Amazon Wish Lists or Target’s “Save for Later” to curate what you plan to buy online.

If your wish list exceeds your total amount, pare it down by determining what you need now and what can wait. You can even add the items to your cart now, so you’ll be less likely to get derailed when an item goes on sale.

Don’t check out right away

If you find yourself clicking on deals that you didn’t budget for (no shame — we all do it), give yourself some time to think them over.

You can also give yourself at least 24 hours to consider whether you actually need the items in your cart. Move on to another task, like checking your email or tossing in a load of laundry, before returning to your cart. Adding just a little distance between shopping and checking out can help you review the items with fresh eyes. You might find yourself removing things you’ve added frivolously.

I like to keep items I may want to get later in my “Save for Later” list. You can also create Amazon Wish Lists for items you might need for certain projects or times of year. 

Read more: I Ditched Debt and Retired Early by Following the $1 Rule. And It Can Help You, Too

Shop around

You may think you’re getting the best deal when shopping on Amazon, especially if you come across a coupon or Lightning Deal that lasts only a few minutes. And seeing the regular price slashed out can often create the illusion of a good deal. But you may be able to find the item for a lower price somewhere else. 

I suggest using price comparison tools before making a big purchase, such as Google Shopping, CamelCamelCamel or Honey. I’m also a big fan of checking local businesses near me to see if they offer better deals on the same items that I can pick up the same day.