Top 6 Mindless Money Wasters

By SiliconIndia   |   Thursday, April 26, 2012   |    2 Comments
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Bangalore: As recent changes in cost structures have left the common man with holes in the wallet, saving in every nook and corner has become the new habit of Indians. So, if you want to save a decent amount each month from now on, keep these money wasting agents at bay, as given by Sham Gad of Investopedia.Com -

1. Convenience Stores

Contrary to its name, most convenience stores are slowly turning away from their very purpose – bringing convenience to the common man. In these testing times, each rupee matters to the middle-class and saving in convenience stores seems like a good option. But in reality it is not so. Compared to whole-salers, convenience stores do not buy items in bulk. As a result, the margin of discount is not high. Moreover, it came as a surprising shock when one of the convenience store giants was selling crockery at a discount, after hiking its price. So, in the end the firm made profits and we were tricked by the discount label.

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Reader's comments(2)
1: dear sir

in such economically drastic drought we have been fenefitted by your advice
Posted by:vinod - 28 Apr, 2012
2: I have seen very few convenience stores do that kind of cheating but this phenomenon is very true in India.
Posted by:Richa - 26 Apr, 2012
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