Good deals can be bad for you

<p>What&rsquo;s the &ldquo;big deal&rdquo; today? Check your email, Facebook or Twitter andwithin seconds you&rsquo;ll know it&rsquo;s 50 per cent off rims for your ride or atwo-for-one pass to Ashton Kutcher&rsquo;s new flick.</p>

What’s the “big deal” today? Check your email, Facebook or Twitter and within seconds you’ll know it’s 50 per cent off rims for your ride or a two-for-one pass to Ashton Kutcher’s new flick.



Sites like Groupon get frugal types like me all revved up. They negotiate huge discounts with popular local businesses and pass along savings of 50 to 90 per cent to subscribers.



If you’re in the market for a particular product and its price gets slashed, online coupons can save you hundreds of dollars.



Saving money is en vogue and often the topic of water cooler conversation. But, if you’re leading your office's popularity contest for nabbing the best daily online deal, watch out.



You’ll quickly fall from financial grace once your credit card is maxed and you’ve got nothing more to share with your colleagues. It’s important to ensure you’re not spending money unnecessarily simply for the sake of a “sweet deal.”



If a fancy trip out to the Fairmont Banff Springs Hotel wasn’t part of your travel plans this month, don’t buy one.

Sure, it’s important to include fun and entertainment in your budget, but not at the expense of building your financial security.



A great deal you can’t afford is never a good deal.

 
 
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