When you need to invest in big ticket items, such as appliances, sofas, electronics and even cars, it can take a big chunk of money out of your monthly budget. Many families struggle to pay for these big ticket items and so they put off the purchase. In today’s guest post, my professional writer pal Cristi Casella has come up with some useful hacks to help you cut costs when you’re next shopping for those expensive big ticket items…
LOOK FOR SHOWROOM ITEMS
If you are in the market for a new kitchen appliance then you’ll find that it’ll cost you a lot of money. Big ticket kitchen appliances like ovens and washing machines can be very expensive and might not be within your budget. Last week, Cassie discussed the time-saving benefits of ‘smart’ appliances that automate cleaning tasks etc, but those products often come at a premium price. If you want to cut costs on these items then you should look out for showroom items. Sometimes, stores will reduce the price of an appliance that was on display – it will work just fine and will certainly save you money.
WAIT FOR SALES
The next tip for those who want to cut costs on big ticket items is to wait for the sales to come around. Sure, we’ve just had the Boxing Day and January sales but most stores will reduce prices at certain times throughout the whole year. These discounts can make big ticket items (such as laptops during ‘back to school’ season) much more affordable. Of course, you should be sure to keep an eye on the regular prices as sometimes the price can go up right before a sale so that the deal seems more appealing. Many stores have been accused of doing this before so don’t be fooled by large discounts.
CHOOSE A USED CAR
When it comes to buying a car, it’s going to be an expensive purchase, no matter what you model or discount you get. This is why you need to prioritise buying a used car rather than a brand new one. While a new car might be more attractive at first, especially if you can spread the payments, it isn’t always the best option for you and your family. When you take the interest and lump-sums into account, along with the depreciation in value as soon as you drive it out of the garage, you could actually be losing a lot of money on a new car. Take a look at used cars instead and you’ll see that they are just as good as the brand-new ones but you’re not paying a premium as they have already depreciated from their forecourt value.
Our final tip for those who want to cut costs on big ticket items is to shop around. Once you start looking at prices online, you’ll notice that there are plenty of options for you to choose from and the price of the item you really need will vary massively across different retailers. You can use online shopping comparison sites to compare prices or physically do it yourself by heading out onto the high street with a notepad.
If you are planning on investing in some big ticket items this year then combining all the advice in this guest post will no doubt help you to save some money on your purchase. And don’t forget to haggle when you’re in the showroom! Let Cassie and I know what money-saving hacks you have for buying new items in the comments below.
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This blog post is guest post. The pink links in this post may indicate a collaborative link or information source.