It’s marked on sale, but is it really a good deal?
April 20, 2015 | Christine Hradek
Stores have all kinds of tricks to encourage us to spend more money. One of them is marking items with special “sale” tags or quantity discounts like 3 for $5. The only way to tell if the item is actually a good price is to know what the item usually costs. A price book can help you do that.
Keeping a price book is simple. All you need is a small notebook where you can record the price you pay for commonly purchased items. You can refer to the book to determine if a deal will actually save you money and track which grocery stores tend to have higher and lower prices. A price book can include as many items as you like or just the staples you buy frequently. For example, I keep a list of prices for the items I buy every week like apples, milk, chicken breasts and string cheese. Knowing the usual price for these staple items allows me to spot a good deal really easily and helps me recognize when a deal is actually just a gimmick.
Click out our video below for a simple guide to starting a price book and start saving today!