Guest post from Jason of Work Save Live
As a budget coach (and someone who’s been working my way out of debt for the past six years) I’m not willing to paying more for something than I absolutely have to. While many of my family and friends believe my wife and I are “cheap”, I’ve become comfortable knowing that we’re simply “frugal” and do our best to make the most of what God has entrusted to us.
Whether your looking to save some money on a big-ticket purchase or just trying to find deals for holiday gifts, here are a few ways to avoid paying retail.
1. Ask for a deal.
Businesses want your sale and they’re typically willing to earn it. Do your research before you head to the store: browse competitor’s websites, search ads, shop around on Amazon, and come to the table prepared to negotiate.
2. Shop at the end of month, quarter, or year.
Most businesses have monthly, quarterly, and yearly sales goals — so by shopping at the end of these periods, you’re more likely to get a great deal.
If you’re dealing with a sales rep that isn’t willing to budge on the price, ask for a store manager or department manager as they’ll have more power to negotiate.
3. Be the king/queen of Black Friday.
Black Friday is quickly approaching, and as most of you frugally-minded shoppers know: it’s a great time to get a bargain!
With the power of the internet, nearly every major store’s ads are available a few weeks in advance. Search all of the ads and get a game plan ready for your attack.
Of course I should add a caveat here: don’t go overboard. There’s no reason to buy something you don’t need just because it’s a good deal!
4. Take advantage of online banking.
The banking industry has evolved with the onset of tablets, cell phones, and increased internet use.
Online banks are becoming the standard, and their high-interest CDs and Savings Accounts, low fees, and reward debit cards are giving consumers much more incentive to leave their traditional brick-and-mortar banks.
5. Buy refurbished or floor models.
You can save a bundle of money if you buy used and refurbished tech gadgets. And if you’re searching for other big-ticket items such as couches, refrigerators, TVs, or kitchen tables, buying the floor model or searching the “scratch-and-dent” section will save you at least 10-30%!
We were able to save $200 on our refrigerator even though the scratch was on the side that is now covered up by our counter!
What are your tips to avoid paying retail?
Jason is a financial advisor and Dave Ramsey-trained counselor who blogs over at Work Save Live. He aims to educate his readers on a variety of financial topics while sharing his family’s journey out of debt and a weekly delicious recipe.
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