smart spending

Think twice when dealing with daily deals

Buy the deal on your time
Next
4 of 7
Back
text

"The problem with daily deals is the same as the one you encounter at the grocery checkout: impulse buys," says CPA Stacy Johnson, founder of MoneyTalksNews.com and author of "Life or Debt 2010: A New Path to Financial Freedom."

"Daily deal sites work on the human nature of loss-aversion," says Belsky. "They make you think you are missing out if you don't click the 'buy' button. And when you are rushing or high on the deal, you don't think straight about whether you really want the deal or can use the deal. Be especially careful when using these sites as an app on your mobile phone where clicking 'buy' is too easy, and re-evaluate purchasing the deal closer to the purchase time limit. You may find that you have forgotten all about it by then," says Belsky.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed, 0 point 4.41%  0.03 4.44%
15 year fixed, 0 point 3.33%  0.02 3.31%
5/1 ARM 3.34%  0.21 3.55%
 
View Rates in your area Search
Product Rate Change Last week
30K FICO-based HELOC 4.75% --0.00 4.75%
50K FICO-based HELOC 4.51%  0.01 4.50%
100K FICO-based HELOC 4.24% --0.00 4.24%
 
View Rates in your area Search
Product Rate Change Last week
60 month used car loan 2.86%  0.23 3.09%
48 month used car loan 2.79%  0.42 3.21%
60 month new car loan 2.94%  0.04 2.98%
 
View Rates in your area Search
Product Rate Change Last week
1 Year CD 0.89%  0.01 0.88%
2 Year CD 1.01%  0.02 1.03%
5 Year CD 1.59%  0.01 1.60%
 
View Rates in your area Search
Product Rate Change Last week
Balance Transfer Cards 15.71%  0.01 15.70%
Cash Back Cards 16.36% --0.00 16.36%
Low Interest Cards 10.91% --0.00 10.91%
 
Search
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us