1. Use Credit and Pay it Off on Time – Most of the major stores will offer a "6 months, no interest, no payments" offer on big ticket items. These offers are not just to help you buy stuff but they are placed there to lure you to buy the items and pay more than the original cost of the item if you had paid cash. The best thing to do is to is either pay cash for the item straight away or put the cash aside and invest in a short term high yielding savings account for 5.5 months , this way you are making sure that you have enough money to pay for the original price of the item and might get some interest on your savings while you buy the item on credit using somebody else’s money for the period of 6 months. Remember to pay the full balance off on time before the due day or all your effort will be for nothing.
2. Extended Warranty? Say No! – Stores play on the fact that electronics are a big investment, and try to scare you into buying an Extended Warranty. The extended warranty may be offered by the warranty administrator, the retailer or the manufacturer but the important thing to remember is that its basically there to trick you to pay way more for the item than you need to. Mostly all products are pretty much reliable and you already have statutory rights if something goes wrong. Extended warranties cost extra and for a percentage of the item's retail price. In retail consumer electronics, extended warranties cost 20% to 30% of the price. The big part of the extended warranty does not goes to the insurance company but to the sales representatives or the retailer.
3. Window Shop in the Store but Purchase Online –With the Stores online you can purchase items online at fraction of the store price especially electronics and household items. Now days Stores are just places where you can walk in look at things you want and ask questions or try it out, to see if the product will work for you. Then simple buy it online from a reputable but cheap price.
4. Get “Accessories” on online and Save Big! – Often Retailers will charge more for “accessories” even after you buy expensive items like cables, gaming consoles, cases ..etc. The best thing to do at these times is to look at sites like eBay or at least research online, where you can get same or better items at low prices.
5. Seasonal Items at Clearance – Sales of Seasonal items are a good bargain time when you can buy items at greatly reduced prices from retailers. Since the holiday is over they need to clear out to make spaces for the next one. Take advantage of that, and buy now for next year and save.
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