smart spending

6 smartphone shopping app traps

Advice from friends
Advice from friend

Mall apps such as Tanger Outlets and Simon Malls, in addition to Facebook, let you find your friends, post reviews, give recommendations, and generally share your shopping trip with and solicit opinions from all of your friends while at the mall. These are fun apps, but Schiavone warns against crowd-sourcing as the basis for an on-the-spot purchase decision. The collective wisdom and opinions from crowds can be completely irrational.

Ask yourself: Are the opinions of all of my 753 Facebook friends worthy of my trust?

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