Linda Chavey writes about how to change your lifestyle habits in order to eliminate debt.
Are you familiar with upselling?
Upselling is a sales technique whereby a seller induces the customer to purchase more expensive items, upgrades or other add-ons in an attempt to make a more profitable sale. (Google.com)
This technique does not benefit the consumer!
Examples are when you go into a restaurant and the waitress/waiter asked if you would like a glass of wine to start off. They are practicing up-selling! It works because many times, the patrons do not want to say no. Another example is fast food. Would you like a combo when you just ordered the sandwich?
Upselling is not a frugal practice. The consumer is buying the more expensive product, which they most likely would not have purchased if not approached. Consumers are not always disciplined when it comes to spending. Patrons that fall for these tactics always end up paying a higher bill than those who are frugal. These patrons also do not consider the fact if they can afford it.
Next time someone tries to upsell you something, think about if you really want those extra items. Have a plan before you enter the restaurant.
This goes the same for this example. Your favorite clothing store has a beautiful dress and oh wow, they mention that they have matching shoes when you go to the checkout. You most likely have a pair of shoes at home that go just as well with that dress. Most likely, you do not need the dress either!
Make a list of your financial priorities. Post it on the refrigerator and stick with it.