Enjoy Free Shipping on Orders Above US$39.99! Learn More About Our Shipping Policy

8 Amazon Products to Avoid in Your Retirement Budget


Daria Nipot/Getty Images

Daria Nipot/Getty Images

Amazon offers a wide variety of products, including household items, tech gadgets, entertainment products, and more. But if you’re living on a retirement budget, whatever it is, you’ll want to be careful about what you add to your online shopping cart. After all, not everything is a bargain on Amazon, and it’s not always worth the cost.

Research: 7 things to buy at Costco on your retirement budget
Read next: One smart way to grow your retirement savings in 2024

Everyone’s needs are different, and certain things may not be worth getting. For those shopping on Amazon, here are the top things to avoid buying on your retirement budget.

sponsor: Does credit card debt keep you up at night? See if you can reduce your debt in 3 steps

multipurpose cleaning supplies

When it comes to cleaning products, even the multi-purpose ones, Amazon isn’t the best place to buy them.

“You’ll rarely find cleaning products at a competitive price on Amazon. The only reason to buy something there is if you literally can’t find it anywhere else,” said Julie Rumhold, consumer analyst at DealNews. he said. “Instead, if you need regular cleaning, shop at big-box stores to avoid overspending.”

Try this: Reduce spending in retirement: 6 household items you should stop buying

iPhone

Amazon sells many tech items such as the Apple iPhone 14 Pro Max. But if you have a retirement budget, you may want to keep your money for the things you really need rather than the latest gadgets.

Todd Stern, Founder and CEO of The Money Manual, says, “Paying a lot of money for the latest technology is usually not a great investment for everyone, but it’s a great investment for retirement budgets.” It’s even harder to justify.” “If reviews say that an affordable cell phone allows you to call, text, and surf the Internet without hassle, that’s what you want.”

vitamins and supplements

“While Amazon offers some great deals for retirees, there are some products you may want to avoid if you have retirement savings,” said Ann Martin, director of operations at Credit Donkey.

In particular, Martin suggested avoiding vitamins and supplements. These are risky purchases because you can’t always judge freshness or effectiveness.

“This is especially true for supplements, since there are so many brands available that it can be difficult to find truly high-quality options,” she said. When purchasing vitamins and supplements on Amazon, choose well-known and trusted brands.

Body wash, shampoo, hand soap

  • Amazon estimated price (body wash): $9.47

  • Amazon estimated price (shampoo): $9.29

  • Amazon estimated price (hand soap): $4.59

You may want to purchase certain bath and body products online, such as body wash or shampoo. However, you will usually end up spending the same amount as you would at a regular store. Additionally, you need to be careful about which sellers you go through.

“Buying essentials like body wash, shampoo, and hand soap on Amazon may seem like a good idea, but sifting through multiple sellers to find the right price can be tedious,” Lam says. Hold says. “Instead, you can save money on these types of products by going with generic brands from stores like Walmart.”

When purchasing bath and body items from name brands, be sure to go through official sellers. Also, wait until those items are on sale at the lowest price.

Homely hot tub spa

“Retirement, with more free time, can be the perfect opportunity to transform your backyard into an outdoor oasis where you can spend more time enjoying yourself. However, it may require upkeep, upkeep, and repairs. And given the fact that it can get boring and be a pain to get rid of, you might want to cross a hot tub off your outdoor oasis shopping list,” Stern said.

exercise bike

If you’re thinking about setting up a home gym to stay active, make sure it fits your budget. The price of certain exercise equipment can be high, and if you need to add multiple items to your gym, it can cost hundreds or even thousands of dollars.

“Working out at any point in your life is a great idea and can help prevent chronic diseases like heart disease and diabetes, which are more common during your golden years,” Stern says. “Amazon has some great deals on training equipment, but most of them don’t match the deals on used equipment.”

For example, this multi-functional home gym costs $699 outside of sales. To save money, check out what’s available at used fitness equipment shops and Facebook Marketplace. You might be able to score some great deals on these machines. Even if you cut just $50 or $100 off the price, that savings can be the key to making sure you have enough money left over at the end of the month.

keurig coffee maker

If you want to save money by cutting back on your daily coffee visits, you may want to buy a home coffee maker. However, avoid expensive machines like those offered by Nespresso and Keurig. Even if the base price isn’t that high, coffee pods still cost money.

Instead, use an old-fashioned French press or drip coffee maker. Coffee pods are not necessary, but you can get a delicious cup.

bulk pantry staples

Ramhold suggested avoiding bulk purchases of food items such as rice, pasta and cereals.

“When you’re on a fixed income, it’s tempting to buy these kinds of products in bulk, and it makes sense to do that, just not from Amazon,” she says. “If you have a Warehouse Club membership, there’s still a lot to like about Amazon’s prices, so be sure to explore the options to buy in bulk there.”

If you don’t have a warehouse membership, see if your local Walmart, Target, or grocery store sells pantry essentials in bulk and compare their prices to Amazon’s prices. Over time, you could end up saving a lot of money.

GOBankingRates Details

This article originally appeared on GOBankingRates.com: 8 Amazon Products to Avoid in Your Retirement Budget



Source link

We will be happy to hear your thoughts

Leave a reply

TCS Marketplace
Logo
Compare items
  • Total (0)
Compare
0
Shopping cart