We’ve all been there at some point – that heart-sinking feeling that was raised from that excitement high we got when we first purchased something. Now once we see it for what it is, anyone can see the physical disappointment in our eyes. Either you bought something inferior to what is out there or at the wrong time. Buyer’s remorse is a common experience, but it’s not something you have to resign yourself to or go through the hassle of a return. With a bit of mindfulness and some smart shopping strategies, you can minimize the chances of experiencing buyer’s remorse. Yes it involves research but chances are you were already on the computer now since you bought something

Do Your Research

The first step in avoiding buyer’s remorse is to arm yourself with knowledge especially if it involves negotiations! Before making a purchase, especially a significant one, take the time to research the product or service thoroughly. Read reviews, compare prices, check if it’s overpriced, and so on. Understand the features and specifications you will need and see if there’s a dupe that does it for less. The more you know about what you’re buying and for what, the less likely you are to regret your decision later.

If you can’t pay for it twice then you can’t afford it

Set a Budget

One of the most common causes of buyer’s remorse is overspending. To prevent this, set a budget before you start shopping. Determine how much you can afford to spend on a particular item and stick to that budget. This not only helps you avoid financial stress but also ensures you make decisions that align with your financial goals.

If negotiating a big purchase like a car or home, never disclose payments overall what you are willing or can spend.

Make a List

Creating a shopping list can be a simple yet highly effective strategy for avoiding buyer’s remorse. When you have a clear idea of what you need and what you’re looking for, you’re less likely to make impulsive purchases. Stick to your list, and don’t be swayed by enticing offers or flashy displays.

Especially crucial when going to your grocery or department store. I know that that’s harder with children who just like to throw things in the cart but this is why lists are important. Not on the list, not going on.

Sleep on It

Impulse buying is a significant contributor to buyer’s remorse. If you’re not sure about a purchase, give yourself some time to think it over. Sleep on it and revisit the idea the next day. This “cooling-off” period can help you make more rational decisions and avoid emotional, spur-of-the-moment purchases.  I know this method alone has saved me hundreds of dollars.

Consider the Long-Term Value

When evaluating a purchase, think about its long-term value. Will the item or service provide you with lasting benefits, or is it a fleeting indulgence? Consider whether the product aligns with your needs and goals, and whether it’s worth the investment over time.

There is a whole subreddit where people pick objects that they vouch for that are good for life or for a very long time at least.

Do I see myself really using this more than just a handful of times?

Read Return Policies

Understanding a store’s return policy is crucial in avoiding buyer’s remorse. It’s pretty much your only way out if you can’t resell it or regift it to anyone else. Ensure you know the return period, any restocking fees, and the conditions for returning an item. Being aware of these policies to keep all of the options available to you and to not get stuck with it.

Seek Advice

Don’t be afraid to seek advice or opinions from friends, family, or experts when making significant purchases. They might offer insights or perspectives you haven’t considered. Sharing your intentions with someone else can also make you more accountable for your decision.

Consider Alternative Options

Before finalizing your purchase, take a moment to consider alternative options. Is there a different product that might better suit your needs, or can you find a better deal elsewhere? Comparing your options can help you make a more informed choice.

Mind Emotional Triggers

Be aware of your emotional triggers when shopping. Sometimes, stress, boredom, or a desire for instant gratification can lead to impulsive buying. Instead of reaching for your wallet in response to an emotional trigger, find healthier ways to manage your emotions, such as going for a walk, practicing mindfulness, or engaging in a hobby.

Make Sure This is Something You Need to Buy First!

Buyer’s remorse is a common experience, but it’s not an inevitability. By following these tips and practicing mindful shopping, you can minimize the chances of regretting your purchases. Remember to do your research, set a budget, make lists, and consider the long-term value of your purchases. Seek advice when needed, read return policies, and stay vigilant about emotional triggers. With these strategies in place, you can shop smarter and more confidently, making purchases that you won’t regret.