Helpful hints - Money saving ideas
Saving on big-ticket items
A good rule of thumb when buying big-ticket items, like furniture, is never to pay full price. Either wait until there is a sale, or ask if you can buy the floor stock. There are other ways to save too:
- Always shop around for the best deal. It may take time, but it could mean big savings.
- Consider liquidators’ auctions. The goods being auctioned are often discontinued lines and the savings can be substantial. It is a case of ‘buyer beware’ though – you may have no recourse if the goods are faulty.
- Tell retailers you are comparing prices. You may be offered a discount or some other sweetener.
- Retailers love cash. They pay a fee if you use your credit card, so by offering cash you should be entitled to a discount.
- Think about using lay-by – it will keep your debt levels manageable.
- Read the fine print on any purchase contract you enter into. Once you sign a contract you are bound by the conditions contained in it, and not all contracts are standard.
To compare the cost of using different types to purchase big ticket items, take a look at “ Types of credit ”