Never pay full price…
…unless necessary.
It’s that simple. Never pay full price unless there’s no way around it. This concept is a fundamental principle and a beneficial personal finance habit.
The seemingly small percentage of the full price accumulates over time and can become a significant sum to help push you forward towards your personal finance goals.
How do you not pay full price?
- Ask for a discount or a lower price
- Compare prices online and across stores
- Wait for a sale and buy out of season
- Use rewards and cashback benefits from your credit card, debit card, and loyalty program providers
- Check perks that jour job offers
- Find coupons online or use coupon finding services
A personal example and story
Before the covid pandemic, I was looking to purchase a paper shredder. I needed it because I was working at home and handling confidential information.
I went to a nearby OfficeDepot-like store to look for one. I see an Ativa shredder in the sales section priced at a discounted $149.99 from an original price of $250.00 (I checked online), but it’s out of my price range despite being the perfect one based on size and functionality for my needs.
I wanted it, but not at $149.99.
I spoke with a store attendant and asked if I could get it for a lower price. He called for the store manager, who asked me, “how much would you pay for it?”
“$20?”
“$40, and you have a deal.”
I bought the shredder for $40.
The best part is I sold the shredder for $40 nearly two years later.
Take your shot.
Disclaimer: The contents of this website are opinions and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.