In a world where almost anything can be purchased with just a few clicks of a mouse, it is harder now than ever to know which retailers can be trusted. There are even pitfalls to be found when purchasing from some of the largest and well renowned retailers, online or otherwise.
It can take quite a while to get the knowledge of the “do’s and don’ts” of spending, but these skills are essential nowadays. At gohenry, we are here to lend a helping hand when it comes to raising savvy consumers. Take a look at our top tips below:
Having a good idea of what you are looking for, and what you want it to do is vital. If you know exactly what product you want, you’re less likely to get excited when you spot something you don’t really need and more likely to stick to things that do a little more for your money.
Thanks to comparison websites, blog reviews and consumer reports, comparing prices has never been easier. As long as you know what you are looking for, you can be sure someone else has done all the work for you in terms of checking out prices from hundreds or retailers. However, a lot of these sites don’t give much information about the retailers themselves, so be sure to do your homework on them before buying:
This mainly applies to shopping online, but it never hurts to look into a lesser-known shop, especially if you’re making a big purchase. Unless you are purchasing from a well-known brand, investigating where you’re buying from can really pay off. A simple search in a search engine of “Is (retailer) trustworthy?” can pull up all kinds of useful results.
Another thing to look out for when buying online is shipping and handling fees. There is often a free option, but importing can easily ramp up the cost. Sometimes you may find a product for significantly cheaper than anywhere else, but these costs bring the overall price up.
Many services that come with subscription fees advertise for a free trial at the start and make it all too easy for that free trial to run into the paid service without your knowledge. Amazon Prime subscriptions are a great example; when you get to the checkout of an Amazon purchase, if you don’t already have Prime, the option for ‘Free Next Day Delivery’ is shown. If this option is chosen, then Prime becomes activated for your account and the free month trial begins – leaving you none the wiser until you check your bank account (or your gohenry account)!
The points listed aren’t the be all and end all of safe spending online, but can definitely help in saving some money and aren’t something children, or some adults, will always think of.
Fortunately, the gohenry cards give whoever is in control of the parent account the means to monitor spending, set the rules and limits for what can be spent and block the card if something has gone wrong. With these tools and your parenting know-how, the sky is the limit when it comes to raising a generation of savvy spenders.