When I think of savings, I think at least $5 is savings. Whether you are going out to buy a car or something small like a game for your game console, what you don’t know now will hurt you financially down the road. Why do people think just because it has a price on it, you can’t negotiate it? Everything is negotiable. Don’t be shy. What can they say no? You will be surprised that a a little conversation can go along way. Money saved is money in your pocket.
When you buy a car, don’t pay MSRP minus cash back rebates. Cars are not investments. Cars depreciate faster than you can pay on your loan so why start in the hole. Think about it, cash back rebates go to the dealer for your down payment, so actually price you pay is amount financed plus rebates equals MSRP if you paid full retail for it. You can save several hundred to several thousand dollars just by negotiating your price before deducting for rebates.
Do you have a tip to save money? Mine is above what is yours?
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This blog asks a simple question: "What are you saving for?" Its goal is to help people set savings goals, develop a disciplined and/or systematic savings habit, and build a corresponding community of like-minded people as a support network. By laughing, crying, and discussing how we each approach this topic together, we should find it much easier to save together. So what are you saving for?
My saving tip is to buy inexpensive but NOT cheap! A dear friend taught me this. If you buy cheap you get cheap. If you buy quality inexpensively, you get quality at a good price. It starts in the grocery store. Try the store brand. Bet most of you don’t realize that major vegatable canneries not only can their brand but some store brands. In the mid ’60s I worked at a cannery in Il. The corn went down a conveyer belt and into the cans. THEN the label was put on the cans….so many for the major brand and so many for store brands. Same thing is done with paint! (worked at a paint manufacturer, also). Hmmm that comment about the ’60s tells my age!