---
title: An Economist Explains What Not to Do When You're Shopping
description: Economist Teresa Ghilarducci explains why you shouldn't behave the way she does when she's out shopping.
authors:
  - name: tomvollkommer
    url: https://money.com/author/tomvollkommer/
    at_money_since: 2015
    articles: 18
    covers:
      - Business
      - Career Advice
      - Education
      - Housing
      - Insurance
      - Investing
      - Lifestyle
      - Loans
      - Retirement
    former_staff: true
published: '2015-11-16T20:43:08.000Z'
modified: '2024-04-16T07:30:32.000Z'
section: Personal Finance
tags:
  - Big Shot
  - Clothing
  - Economy
  - financial advice
  - mistake
  - Money
  - Savings
  - Shopping
  - Spending
  - video
word_count: 118
canonical: https://money.com/economist-shopping-advice/
type: Article
source: structured-blocks
---

> **Disclosure:** Money may earn a commission when you click on the products and services below. Opinions are our own, but compensation and in-depth research determine where and how they appear. [Learn more](https://money.com/page/disclaimer/) about how we make money.

![Screen Shot 2015-11-09 at 5.51.43 PM](https://img.money.com/2015/11/screen-shot-2015-11-09-at-5-51-43-pm.png)

Labor economist Teresa Ghilarducci explains how to not make the same money mistakes she makes when she's shopping.

Have you ever walked into a store, only to be lured into buying something out of your price range?

This is a problem many people have, including Ghilarducci. It's easy to fall prey to a sales pitch, to become enamored with an article of clothing or an object in order to impress people. We tend, however, to lose track of what's important: the price tag.

"It's a whole category of mistakes," says Ghilarducci, "I buy lots of services and I buy things for other people, to be a big shot."

***Read next: [The ABC’s of Taking RMD’s From Your IRA](https://money.com/required-minimum-distribution-ira-rules/)***

```json
{
  "@context": "https://schema.org",
  "@graph": [
    {
      "@type": "BreadcrumbList",
      "@id": "https://money.com/economist-shopping-advice/#breadcrumb",
      "itemListElement": [
        {
          "@type": "ListItem",
          "position": 1,
          "name": "Home",
          "item": "https://money.com"
        },
        {
          "@type": "ListItem",
          "position": 2,
          "name": "Personal Finance",
          "item": "https://money.com/personal-finance/"
        },
        {
          "@type": "ListItem",
          "position": 3,
          "name": "Money Management",
          "item": "https://money.com/money-management/"
        },
        {
          "@type": "ListItem",
          "position": 4,
          "name": "An Economist Explains What Not to Do When You're Shopping"
        }
      ]
    },
    {
      "@type": "WebSite",
      "@id": "https://money.com/#website",
      "url": "https://money.com",
      "name": "Money",
      "publisher": {
        "@id": "https://money.com/#organization"
      }
    },
    {
      "@type": "WebPage",
      "@id": "https://money.com/economist-shopping-advice/#webpage",
      "url": "https://money.com/economist-shopping-advice/",
      "name": "An Economist Explains What Not to Do When You're Shopping",
      "isPartOf": {
        "@id": "https://money.com/#website"
      },
      "datePublished": "2015-11-16T20:43:08.000Z",
      "mainEntity": {
        "@id": "https://money.com/economist-shopping-advice/"
      },
      "inLanguage": "en-US",
      "breadcrumb": {
        "@id": "https://money.com/economist-shopping-advice/#breadcrumb"
      },
      "dateModified": "2024-04-16T07:30:32.000Z"
    },
    {
      "@type": "Article",
      "headline": "An Economist Explains What Not to Do When You're Shopping",
      "articleSection": "Personal Finance",
      "image": [
        {
          "@type": "ImageObject",
          "url": "https://img.money.com/2015/11/screen-shot-2015-11-09-at-5-51-43-pm.png",
          "width": 1147,
          "height": 645,
          "caption": "Screen Shot 2015-11-09 at 5.51.43 PM"
        }
      ],
      "author": [
        {
          "@type": "Person",
          "name": "tomvollkommer",
          "url": "https://money.com/author/tomvollkommer/",
          "@id": "https://money.com/author/tomvollkommer/#author"
        }
      ],
      "publisher": "https://money.com/#organization",
      "datePublished": "2015-11-16T20:43:08.000Z",
      "description": "Economist Teresa Ghilarducci explains why you shouldn't behave the way she does when she's out shopping.",
      "abstract": "Economist Teresa Ghilarducci explains why you shouldn't behave the way she does when she's out shopping.",
      "@id": "https://money.com/economist-shopping-advice/",
      "inLanguage": "en-US",
      "dateModified": "2024-04-16T07:30:32.000Z",
      "wordCount": 118,
      "keywords": [
        "Big Shot",
        "Clothing",
        "Economy",
        "financial advice",
        "mistake",
        "Money",
        "Savings",
        "Shopping",
        "Spending",
        "video"
      ],
      "about": [
        {
          "@type": "Thing",
          "name": "Personal finance",
          "sameAs": [
            "https://en.wikipedia.org/wiki/Personal_finance"
          ]
        },
        {
          "@type": "Thing",
          "name": "Investment management",
          "sameAs": [
            "https://en.wikipedia.org/wiki/Investment_management"
          ]
        }
      ]
    }
  ]
}
```
