A great way to pinch pennies is when it comes to buying electronics. If you can wait a little while for new technology to saturate the market, you will see the high prices slowly start to come down. If, however, you can’t wait, there are ways that you can pinch your pennies to save a bit of dough.
Buy online: Three big websites for buying electronics at cheaper than retail are amazon, tigerdirect and newegg. While you might find some good deals on overstock, shoppingdirect, or other internet sites, those three are usually offering the best deal. Make sure when you are comparing prices of the same model to compare shipping prices. The item might be a few dollars more expensive at one store, but might charge quite a bit more in shipping. Of course with Amazon if you buy from Amazon instead of a store authorized to sell within Amazon, you can qualify for free Super Saver Shipping with online orders over $25. Do a Google search on the particular product you are wanting, compare prices as well as reviews so you can be ensured what you are purchasing is good, and this is one of the easiest ways to pinch pennies. If you can substitute a reliable generic brand in for the name-brand, you can save even more! If you have downloaded the UPromise toolbar, you might be amazed with how many different sites will give you a percentage kickback to go towards your kids’ college UPromise accounts so you know you are getting more for the money you do spend.
Buying in store: When a new product or video game is released, there might be specials available depending on where you purchase it. Keep your eyes peeled to see if there are freebies or savings on the item you want to purchase. Check out the store circulars to read fine print. While Best Buy might give you $5 off whenever you preorder a game or Blockbuster Video gives you a free video game rental, you might find Walmart is giving out a $20 gift certificate if you preorder certain video game titles. Toys R Us is also another great place to offer fantastic sales. For example, if you purchase a game system, you might get $20 off any game for that system or a $50 gift card. They have a new sale every week so keep your eyes peeled for one that appeals to you.
Buying used: Some websites offer refurbished products, while others might look at Ebay or Craigslist to purchase items used. Just check to see if a warranty is available (and transferrable) as some electronics can be quite expensive to repair. Another great avenue are thrift stores and consignment sales if it is an item that can be purchased used. You can find some hard to find games, videos and DVDs at thrift stores for pennies on the dollar!
Price guarantee: Find the best deal out there and watch the store you are at price match. Of course the best price guarantee doesn’t apply to Black Friday specials, but many stores will price match even if they don’t advertise it. Perhaps it is one reason why Walmart and Best Buy offer to match their competitors prices and such stores as Babies R Us says to bring in competitors coupons and they will honor them. The store would prefer to have the sale and bring in less money than lose a customer. Forewarning that Best Buy does not see Amazon and other online retailers as “competition” so they will not honor the lowest price guarantee in those instances.
For more savings, visit the rest of The Penny Pincher series. In this type of economy, everybody is looking to pinch pennies wherever they can. So look to do so at restaurants, buying groceries, finding the best deal, online shopping, and even at malls. Remember to use a Rewards credit card: Wherever you purchase your item, be sure to use a credit card that gives you rewards so you get something for your purchase.