Stretching Your Dollars: Wait For Deep Discount of Consumer Goods

The sluggish economy the past few years has forced people to evaluate their spending habits for everything from entertainment and clothing to food and cleaning products. I hope people are learning to be less wasteful, too. I know I am.

Apparently, the decline in purchases of staples -- detergent, toothpaste, etc., --  will pay off for consumers. Companies are turning to deep-discounting to lure consumers back, according to the Wall Street Journal's article.

My advice: Continue to buy what you need and don't let the sales suck you into buy multiple items just to take advantage of a sale. Instead, look for discounts of items you definitely need and use regularly. It's the best way to get the most bang for your dollars.