Money Lessons to Become a Smarter Shopper

April has been dubbed National Financial Literacy Month in an effort to promote financial responsibility across the nation. Money expert Andrea Woroch offers the following tips for becoming a more savvy shopper.  (Reuters)

Do Your Homework Whether you’re looking for a new car or shopping for groceries, don’t go in unprepared. Check out consumer review and coupon websites and apps to help find and locate the best deals. (iStock)

Think Before You Swipe Just because an item is on sale doesn’t mean you need it. Before buying a sale item be sure to evaluate whether you really need it to avoid buyers’ remorse.

Haggle for a Better Deal You won’t be able to negotiate the price of gas or a loaf of bread. But when looking to buy big-ticket items like cars, electronics and jewelry, prices tend to be up for discussion. Find an employee who is able to lower prices, put your game face on and strike deal. (Reuters)

Ignore Extended Warranties According to Consumer Reports, most major appliances don't break within the extended coverage period, and if they do, they average price of repair costs tend to be the same as the warranty itself.

Don’t Fall for Store Cards Deals The extra percent off your purchase is tempting, but another credit card can do more harm than good to your credit score and debt picture.

Pre-Owned is No Longer Used Thanks to technological advancements and better repair expertise, buying certain items like electronics and clothes might make more financial sense to buy used or refurbished.