Five Ways to Avoid Buyer’s Remorse
You buy something, get it home, realize you made a mistake, and now have buyer’s remorse. How did you get stuck with this? Relax; buyer’s remorse is more common than you think. Here are five ways to avoid it next time.
1. Use home improvement loans
Home improvement loans can help you finance major home renovations and prevent buyer’s remorse. With a home improvement loan, you can spread the cost of your project over a period of time, making it more affordable. This can help you avoid making hasty decisions that you may later regret. In addition, home improvement loans can also be used to finance energy-efficient upgrades, which can help you save money on your utility bills in the long run. By taking the time to research your options and compare home improvement loan offers, you can find the best deal for your needs and avoid buyer’s remorse.
2. Plan Before You Buy
The best way to avoid feeling bad after buying something is to plan your purchases. Too many people get into debt by spending thoughtlessly. Instead of falling prey to impulse buying, make a list of what you need and want, and then stick to it. If you see something not on your list, ask yourself if you really need it or walk away and brainstorm ideas for what you already have that can do the same thing.
3. Check the Return Policy
Before you purchase anything, be sure to check the store’s return policy. If the return policy is too stringent, then you might decide it’s not worth the hassle to shop there. Alternatively, a generous return policy can help you feel more confident in your purchase and avoid buyer’s remorse if the item is not what you expected or you decide you no longer want it.
4. Compare Prices
If you’re unsure if you want something, compare prices between different stores before you buy, especially if you’re looking for something hot and in-demand as many retailers will be competing for your dollars. You may be able to find a better deal elsewhere, which will help you avoid spending more than you intended, which might reduce your feelings of regret.
4. Know Your Limits
Before going on a shopping spree, set a budget and stick to it. If you know you can only afford to spend a certain amount, you’re less likely to buy something you’ll regret later. But if there are certain stores or aisles you know mean trouble for your budget, then recognize your temptations and avoid them altogether. Avoiding the issue might be a temporary solution that doesn’t address why certain places cause spending triggers, but it’s an excellent way to start understanding your limits and know the things that are hard for you to resist.
5. Wait 24 Hours
In most cases waiting 24 hours won’t cause you to miss out on any deals or trending items and giving yourself pause can go a long way to improving your financial health. If you want, you can put the item you want in your online shopping cart and walk away from your computer or temporarily delete the app from your phone during your waiting period. Take that time to think about the long term and ask yourself how you’ll feel about it in a few months or years. Will you still be happy with the purchase, or will it be something you regret? If it’s the latter, you may want to reconsider buying it.
The bottom line
Following these tips can help you avoid buyer’s remorse. But if you do experience it, remember that you can always return the product or commit to doing better the next time.