Better Budgeting: Price Reductions

Price Reductions

Money Saving Tip of the Month (featured column)
submitted by Cindy Leach of Florida

When I shop. I try not to pay full price for anything. I look for open box items, last items, scratch and dent, floor samples.

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Sometimes, with open box or last items you can get them even cheaper. My latest find was a TV. It was an open box and was set aside for repair. It was a $350 TV and it didn't have a price on it. So they came back and said $170 is the best they could do. I said, that's fine. I would have taken it off your hands for $100 realizing that I would have taken it for $130 to $150. So they went back to the manager and said that they'd sell it for $150.

I never buy the warranty extensions but because the manufactured warranty was not valid, they said they would sell me a 4-year store warranty for $20. So I ended up with a TV valued at $350 plus a $40 warranty for $170 and in 4 years if I have a problem, I can get my money back or a replacement.

Also, any item that is a last item, you can usually barter for a price reduction, especially if it's a display item. The store will sometimes mark it down as low as 50% off and there's nothing wrong with it.

I usually tell them what my budget is and go a little lower. They often come back with a price that's around what I'd pay for the item which is drastically reduced.

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Copyright © 2008 by Cindy Leach. All rights reserved.

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