Don’t Fall For Shopping Games
Welcome to our Hoyes Michalos Debt Free Digest where we round up personal finance topics from around the web to help you live, and remain, debt free.
There’s an app for everything these days. But did you know that companies have turned your buying habits into a game? This month, we’re showing you why you need to be more vigilant when it comes to spending.
Beware of Shopping Gamification & Risks
Shopping on your phone is very common today. It’s also convenient. But beware of companies trying to turn it into a game with rewards so you spend more.
Tune in to this discussion about a new retailer called Temu luring customers in with games and discounts, but at the expense of your data privacy and maybe even budget.
Good Reads From Around the Web
14 Psychology Tricks Retailers Use
Retailers aren’t just making online shopping a game. They have been using their physical stores as a way to trick you into buying more for years – from mall outlets to grocery shops.
In this post by Money Marshmallow, learn the 14 tricks you may not have even realized are being used on you to spend more time shopping and buying more than you need – both in-person and online.
5 Holiday Spending Traps
The holidays are around the corner and here are some key reminders to help you stay within budget this year:
- Don’t shop without a strategy. Always have a spending plan for the people you’re buying gifts for, otherwise you will overspend and make too many impulsive decisions.
- Avoid spending more to get free shipping.
- Avoid shopping under pressure. Don’t wait until the last-minute to do your holiday shopping. Stores also know this and will take advantage through pricing.
- Make sure to budget for hidden holiday costs. This includes food, décor, gift wrapping, cards, etc.
- Don’t buy because of a sale. It’s not saving if you didn’t plan to spend in the first place.
$50 Esso Gift Card Giveaway
Enter for your chance to WIN 1 of 10 free $50 Esso gift cards!
Save on your gas expense this month by entering our giveaway to win a free $50 gift card from Esso.
Enter soon. Giveaway ends November 30, 2023 at 11:59 p.m.
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