Money Tips # 3: Look for Bargain Deals

Searching for bargain deals has become easier with the use of the internet. The internet provides us access to international retailers and independent sellers who offer lower prices compared to mall prices. You can save thousands of pesos by exerting a little effort on searching for other sources before making a purchase. Below are some tips you should consider before making a purchase.


Compare Prices
Every time you plan to purchase a big ticket item, it is always better to have an idea on what the prevailing prices are on the market. Ask your nearest local retailers for their prices to get a gauge on the prevailing market price. Search the internet for online retailers so that you will have an idea how much the item costs. If the price difference between the local retailers and online retailers are negligible, then it is more practical to purchase the items at your local retailer. Exerting a little effort before purchasing those big ticket items will prevent buyers remorse save you a lot of money in the long run.





Purchase from Trusted online sellers
The internet is one of the best places to look for bargain deals. Lower overhead costs allow online retailers sell their items at a cheaper price compared to retail stores. The only disadvantage in purchasing online is the risk in buying items from bogus online sellers. Always purchase items from trusted sellers with a long history of satisfied customers. Another option is to pay for the items upon delivery or on meetups.
Although prices online are usually cheaper you should take into consideration the shipping cost and custom taxes if the item is from outside the country. Items bought outside the country have the risk of an unusable warranty, since the cost of shipping the items back to seller and re sending it back to you may cost more than the item. It is up to you to determine whether the money you save is worth the risk on buying items outside the country.

Buy Older New Items
Purchasing brand new older model items has a lot of advantages. Whether you are purchasing a cellphone or a camera, older models are always cheaper than their latest model counterparts. A product which is a year old is usually not so different to the latest model. Every time a new model is released, the price of the previous model usually drops. In some instances it may even drop to less than half of its original price. If you are planning to purchase something, consider looking at older models and compare the specs of the older model from the latest model.

Buy an Almost New used Items
Thanks to depriciation, almost new used items are a lot cheaper compared to the price of a brand new item. Most items usually depreciate after purchase. You can always find second hand stuff from online forums or online classified ads. Whether if its a book that you have been wanting to read or a stroller for your baby, you can always buy them used at a cheaper price.
Vehicles which depreciate in value the moment they leave the dealer are one of the few items you should consider buying used. Since vehicles easily depreciate, purchasing a two year old model will save you hundreds of thousand of pesos if you know where to search.  Bank foreclosed vehicles are one of the best places to find bargain deals on almost new used vehicles. If you want to know more about purchasing a repossessed vehicle, visit my previous post Purchasing Foreclosed Vehicles


Discount Coupons
Group discount coupons have been around for a long time. Just like receiving discounts for purchasing bulk items, some establishments offer big discounts if a certain number of buyers purchase the item they are offering. These deals are being offered through online group discount websites. You can choose from various deals such as discounts from restaurants or a Hong Kong vacation trip deal. Check out Philippine Discount Coupons for a list of websites found here in the Philippines

Shop During a SALE
Shopping during a sale is the simplest way to save on purchasing items. Most stores drop their prices during a Sale, it is their way of disposing their old inventory. It is during a SALE that you can find numerous items at bargain prices. One downside on shopping during a sale is the temptation to purchase items that you weren't planning on buying. If you are prone to impulse buying, one way to control your spending is to only bring enough money for the item you want to purchase. Always wait for Inventory Sales, Back to School Sales, Christmas Sales and other mall wide sales since it is during these sales when stores give huge discounts on most of their items.


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