Martin Lewis: Tesco Price Check Alert

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Post on Nov 12, 2024

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Martin Lewis: Tesco Price Check Alert - Is It Worth Your Time?

MoneySavingExpert founder Martin Lewis has urged consumers to utilize Tesco's new "Price Check" alert system to combat the rising cost of living. This feature, launched in June 2023, allows shoppers to be notified when the price of specific items they've selected falls below a pre-set threshold.

How it works:

1. Select your items: Add products to your Tesco shopping list, even if they aren't on sale currently.
2. Set your target price: Choose the maximum price you're willing to pay for each item.
3. Get notified: You'll receive a notification when the price of any of your selected items drops below your target price.

The pros:

• Easy to use: Setting up alerts is straightforward and can be done through the Tesco website or app.
• Saves time and money: No more constantly checking prices; you'll be alerted when deals are available.
• Helps with budgeting: By setting a target price, you can ensure you only buy items within your budget.
• Reduces impulse buys: It encourages shoppers to be more mindful of their spending.

The cons:

• Limited to Tesco: You can only use the alert system for products available on the Tesco website or app.
• Can be overwhelming: With multiple alerts, it may be difficult to keep track of all the deals.
• Price drops may be small: The alerts may not always notify you of significant price reductions.
• False alarms: You may receive alerts for products that are no longer available or are not actually on sale.

Martin Lewis's stance:

While acknowledging the potential downsides, Lewis believes Tesco's Price Check alert system is a valuable tool for savvy shoppers, particularly during times of high inflation. He advocates for its use as a way to stay informed and potentially save money.

Should you use it?

Ultimately, the decision of whether to utilize Tesco's Price Check alert system depends on your individual shopping habits and preferences. If you're actively looking for deals and are willing to put in the effort to manage multiple notifications, it can be a worthwhile tool. However, if you prefer a simpler shopping experience or don't prioritize bargain hunting, it may not be necessary.

In addition to Tesco's Price Check alert system, other strategies for combatting the rising cost of living include:

• Shop around for the best deals: Compare prices across different retailers.
• Utilize loyalty schemes and discounts: Take advantage of loyalty points, vouchers, and other promotions.
• Buy generic brands: They often offer significant savings compared to branded products.
• Plan your meals: Minimize food waste by only buying what you need.
• Cook at home: Eating out can be expensive; consider preparing meals at home.

By combining various strategies, including the use of Tesco's Price Check alert system, you can potentially mitigate the impact of rising prices and manage your finances more effectively.