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CashBack Trap: As soon as we hear the name of cashback, a strange smile appears on the face of all of us. In today’s time, when we have started making digital shopping and payments, then hearing cashback makes us feel as if the money spent has come back. But have you ever noticed that in order to get cashback of ₹ 100, you unknowingly buy additional goods worth ₹ 1000? This has happened to all of us at some time or the other.

Especially women, who are responsible for managing the household budget, often fall into the cashback trap just to save a little money. On the other hand, marketing companies also target women psychologically. So, today in this article we are telling you what this cashback trap is and how you can avoid this trap-

cashback trap Would What Is?

Cashback trap means buying something that we do not need because of an offer or cashback. Falling into this trap, we buy things that are already at home or even order non-essential things thinking that “the offer will expire”. When we want to get some money back, we spend it on things that have no use for us and then by the end of the month the entire budget gets ruined.

women cashback trap In Why trapped caste Are?

Generally it is seen that most of the women get trapped in the cashback trap and there can be many reasons behind this. For example-

Women are more conscious about saving and they think that cashback means money is being saved, whereas in reality the expenses are increasing.

The responsibility of managing the household rests on the shoulders of women. Therefore, they try to manage their budget with the help of cashback. It becomes a habit to stock up after seeing offers in grocery, baby items and kitchen items.

Many times women want to do online shopping to overcome fatigue, stress or mood and cashback makes their desire even stronger.

cashback trap From avoid Of For What do

Cashback trap often traps you, but if you show some smartness then you can keep yourself safe from this trap. For example-

Whenever you see cashback, before spending it without thinking, ask yourself how much money I am actually spending. This will give you a reality check. For example, if you are spending ₹2000 to get ₹200 cashback which you did not need, then it is not a saving but a loss.

Change your habit of instant shopping. Wait at least a day after adding any sale or cashback offer item to your cart. If you feel it is necessary even the next day, then only make the payment. By adopting this rule, you will see that many things will not seem important to you till the next day.

Use budgeting apps or a diary to track your money. You set a budget for everything. Once your budget is over, don’t make any purchases, no matter how big the cashback is. This will save you from getting caught in unnecessary traps.

Notifications from shopping apps force you to buy items and then you buy them without thinking. Therefore, turn off notifications from such apps. With this, whenever you need, you will go to the app yourself and buy the goods.