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Obviously, the best way to save money is not to spend it, but we don’t live in a perfect world, so buying things still remains our only survival option. Even so, there are good and bad acquisition practices that can lead to a vast number of results. Here are some tips on how to squeeze purchases, both planned and surprise ones, into your monthly budget.
Borrow as much as You Can!
How often do you really need a hammer? If you are not remodeling and just need it to hang a shelf, it makes way more sense to just ask your neighbor for one instead of spending those hard earned bucks. The same goes for any item you can live without on a regular basis, including media and entertainment.
Try to Negotiate
Negotiating is a routine practice when it comes to big purchases like cars or houses, but you can still try it with less expensive items. Look for insignificantly damaged items. They will definitely be offered at a discount. Try to discern any add-on prices and politely refuse to accept them. Also, if you are dealing with a private party, try bartering!
Do Your Homework
Not everyone can predict what items they might need in the future, However, if you do have a list of potential purchases in mind, a little research will do you good. Find out which stores sell the item you are interested in. Who offers the most competitive price? Can you wait till the sales season? And don’t forget to search for coupons online!
Try Store Brand Products
Most people can’t really tell the difference between the taste of Heinz ketchup and its store brand equivalent. The same goes for many popular products, such as cookies, cleaning supplies, or canned goods. Why should you pay more for a pretty sticker on the packaging?
There are a lot more places besides malls and websites where one can purchase goods. Try searching on eBay or craigslist, visit estate sales, or ask a friend whether someone they know is selling an item you desire.