As South Africa feels the positive effects of the recent repo rate cut, many consumers are experiencing a sense of financial relief. While this newfound financial flexibility is certainly encouraging, it also raises an important question: How can consumers make the most of their spending without overspending? The answer is in knowing how to shop smart.
In today’s market, where consumers are eager to make the most of their budgets, shopping smart is essential for maximising the value of each purchase, and making informed decisions is the key to stretching your rands further.
Online shopping platforms, particularly ones like Temu, are proving to be game-changers for budget-conscious shoppers. By cutting out the middleman and offering direct-from-factory prices, Temu allows consumers to access a wide range of quality products at competitive prices, making it easier than ever to shop within your budget.
In a recent survey conducted by News24 with Temu’s support, 75% of respondents stated that price is their top priority when shopping online and a key factor in their purchasing decisions. Nearly half of the respondents ranked Temu as the most competitively priced platform.
Whether you’re a seasoned online shopper or new to the game, now is the time to refine your shopping habits to make the most of this financial upturn. Here are practical tips to ensure that your hard-earned money goes further while still enabling you to make those bigger purchases you’ve been eyeing.
1. Compare prices and maximise your savings
Smart shopping starts with price comparison. Before making a purchase, checking multiple platforms can help you find the best deal. According to the recent survey, 81% of Temu shoppers believe they save more on Temu compared to other platforms, with an average savings of 46%. That’s nearly half the cost cut just by choosing the right place to shop!
Why compare prices? The same product can have different prices across various retailers. Temu, in particular, offers year-round value through direct-from-factory model and supply chain efficiency, making it a go-to option for budget-conscious shoppers. By taking a few extra minutes to compare prices across different platforms, you can ensure you’re getting the most value for your money.
2. Lock in the best price with price adjustments
Nobody likes seeing an item go on sale right after they’ve purchased it. With Temu’s price adjustment policy, you won’t have to worry about missing out on a better deal. If the price of an item you bought drops within 30 days, you can request a refund for the difference – helping you shop with confidence.
To make the most of this, keep track of recent purchases and monitor price changes. The process is simple: just visit the “Your Orders” section on Temu’s app or website and submit a price adjustment request if your item qualifies.
This policy ensures that you’re always getting the best possible price, making your budget go even further without the hassle of second-guessing your purchases.
3. Unlock more savings with coupons and offers
Another simple yet effective way to cut costs is by using coupon codes and promotional discounts. These savings can quickly add up, helping you get more value from your purchases.
One delighted shopper, Zinhle Thionah, took full advantage of available coupons and offers, allowing her to get several items virtually for free. “I got some amazing free items,” Zinhle shared. Thanks to these offers, she was able to pick up a stylish toilet paper holder, a handy hand vacuum, and even a kiddies’ pool – all without significantly impacting her budget. Among her freebies were solar-powered lights; small, yet incredibly effective. “They may be small, but they work great,” she said, clearly pleased with their practicality.
Zinhle not only saved money, but also upgraded her home with thoughtful, practical additions. It was all about getting exactly what she needed, without straining her budget.
4. Take advantage of free shipping
Shipping costs can add up quickly, making it harder to stretch your budget. In fact, 38% of respondents in a recent survey highlighted high delivery fees as a key barrier to online shopping. To address this, online retailers like Temu are stepping up by offering free shipping on all orders, making it easier for consumers to shop without worrying about extra costs.
Even better, if your order arrives later, Temu offers a R20 credit (for standard shipping) to your account as a token of appreciation for your patience.
The recent repo rate cut may have given consumers more spending power, but smart shopping is still essential. Online marketplaces like Temu have transformed the shopping experience, offering a vast range of affordable products with a smooth, user-friendly interface. By following a few simple tips, you can easily navigate the platform and uncover your next must-have item. And if you need any help along the way, Temu’s customer support team is available around the clock to assist you.