Can You Really Save on Buy-One-Get-One Deals?
It seems like everywhere you turn, there’s another buy-one-get-one deal. Restaurants, groceries, and clothing stores are all offering these deals to get your business. Can you really save money by taking advantage of these offers?
1. The Answer Is Yes and No
If you are the type of person who is able to control your impulses and only buy what you need, then yes, a buy-one-get-one deal can save you money. However, if you tend to impulse buy or purchase items you don’t really need just because they’re on sale, then these types of deals can end up costing you more money in the long run.
2. Bogo Deals Can Be a Great Way To Save Money, but Only if You Use Them Correctly
Many people get the BOGO deal because it’s available. If this is you, you may waste money on items you never use. There’s nothing worse than a pantry full of food and household items that you’ll never use.
Check out your pantry now and look at how many items have use-by dates that are over a year old. Look at clothes in your closet that still have tags on them that were purchased last year. This will give you some idea of how you’ve wasted money in the past on food, clothing, or other household items you haven’t used.
If this is a habit that’s hard to break, make a list of the items you need from the store. Only get buy-one-get-one deals if it’s available for those items.
3. Few Tips to Get the Most Out of Bogo Deals:
- Only buy items that you need or will use.
- Compare prices before buying anything. Sometimes it’s cheaper to buy two items separately than as part of a BOGO deal.
- Don’t get sucked in by marketing tricks. Just because something is on sale doesn’t mean you have to buy it.
By following these simple tips, you can make sure that you’re getting the most out of your BOGO deals!
Next time you see a deal, think carefully before making a purchase. It could cost you more than you think!
Are you a sucker for buy-one-get-one deals? If so, tell us about it in the comments below.
Tamila McDonald has worked as a Financial Advisor for the military for past 13 years. She has taught Personal Financial classes on every subject from credit, to life insurance, as well as all other aspects of financial management. Mrs. McDonald is an AFCPE Accredited Financial Counselor and has helped her clients to meet their short-term and long-term financial goals.