If you’re reading this right now then you probably love to save money and guess what. So do we! Saving money is what we’re all about here at Pinching Your Pennies so we thought that it was about time we throw something else together for our readers that just revolves around saving money and saving money only. Below, you will find some practical advice on how to spot a deal when you see one and what makes something a deal. All too often, we’re tempted to buy something just because it’s a deal. Let’s find out if that’s good.

Do You Need It?

The first thing that you have to ask yourself when it comes to figuring out whether or not something is a good deal is if you even need the product in question. It may be a good deal but if you’re not going to use it or it will never benefit you in any way, it’s probably not a good deal for you personally. It may be for someone else but remember, it’s not for you.

Is It A Gift?

Another possible scenario is the purpose of buying the product in question. If it’s a gift and it’ll be cheaper to buy it after the birthday, holiday, anniversary, or whatever the gift is, it’s probably not very beneficial to give the gift late. In that case, it isn’t a very good deal in the sense that you would have it too late. If this is the case, pay extra and miss out.

What’s The Shipping Time?

We’ll assume that you are buying this item online and it looks like a good deal. Let’s say that by buying it online from a specific site, you will save $10. What if it takes 5 days to get there and the shipping is $5? That means you’re only saving about $5 and you have to wait for 5 days to get the product. Is it still a good deal? How fast do you need it? This is just something else that you should ask yourself before you commit. When will you get it?

Will It Get Even Cheaper?

Finally, we have one more piece of advice for you on what makes a deal a good one. Is it a product that will potentially go on sale again? Is it something that they no longer make? Is the retailer in question going out of business? If something will be even cheaper in a few days, why not wait and buy it then? This is something else to take into consideration.

But at the end of the day, you have to trust your gut. Whether or not something is a good deal is just an opinion and we’ll leave it up to you to decide. We merely wanted to give you a few general questions that you should play around with before you make the final choice of buying the product and then being stuck with it. Now, let’s go save money!