Dollars And Sense

getting the right deal

DollarsandSense

Getting a good deal

The most important thing to do before you make any large purchase is to shop around and compare prices, so you know if you're really getting a good deal. Here are some other tips that can really help you save:

  • Advertised items are not necessarily the cheapest.

  • A bargain is only a bargain if you really need it.

  • Know when stores have their scheduled sales.

  • Due to volume discounts, larger stores are generally cheaper than smaller ones.

  • Buy at the end of the season. e.g. buy summer clothes at the end of February.

  • Try alternative shopping: trash and treasure markets, garage sales, warehouse sales.

  • Check if there is a product warranty (if applicable) and how long it is for.

  • Lastly, ask the seller lots of questions!

Ways to obtain goods

Pros

Cons

Borrow

  • Free

  • Non-ownership

  • Responsibility for care of item

Purchase at a shop

  • New

  • Ownership

  • Possible warranty

  • Possibly expensive

Purchase at a sale

  • New

  • Ownership

  • Possible warranty

  • Discount

  • May not be on sale when you need it

Buy second hand

  • Discount

  • Ownership

  • Possibly no warranty

  • As an aged item, more potential for failure

Buy from a friend

  • Discount

  • Ownership

  • Possibly no warranty

  • As an aged item, more potential for failure

  • Potential difficulties with friendship if things go wrong

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