Prepare for those Must-Have Purchases

Sometimes we have to purchase expensive things. For example, eventually you will need to buy a new computer or a new television. Or you’ll need to buy a new car or tires for your car. You might have to replace a furnace or air conditioning system in your house. If you’ve decided that a big ticket item is a necessary purchase for you, then you should do everything you can in order to responsibly acquire that item so as to protect your finances.

You should consider setting up a special emergency savings account that can go towards fixing a wrecked car or a burned-out furnace. You should also create a savings account for a future purchase well in advance of that purchase. In other words, if you know you need a new car, then plan ahead. Begin saving money for the new car so that you don’t break your budget.

Next, you should look out for promotions. Say you’ve set a goal for yourself to have a new computer within the next year. You really like Apple products and are willing to pay the extra cash. If you keep track of Apple, you would know that they often sell products in the early summer with free promotions. A new laptop might come with a new iPod. Even if you don’t want the iPod, you could always sell it for a bit of cash against the purchase price of your new computer. Always be sure to look out for promotions when you plan your purchase.

Likewise, don’t be lazy when it comes to mail-in rebates. Companies count on customers to not follow through on the rebate. Don’t fall for it. These rebates are very simple to receive. The only problem is they take time to process. In the end, you’ll still get your money back, so be patient and follow through.

Another thing you should do is shop around and compare prices. You can do this online very easily. When you find the price for the item that you like, print off the page and bring it with you to the store to make sure you get that price. If a sales representative seems unlikely to help you out, then ask to talk to the manager.

By talking with a manager, you can actually ‘haggle’ over an item’s price. Be sure you have done your homework on the item in question. Know about similar models from other brands, about prices at other stores, and about the various promotions and sales that could help drop the price. Often a manager will try to throw in other services, such as free delivery or an extended warranty, rather than dropping the price. Don’t necessarily think of these as ‘tricks’; instead, you’ll want to weigh what is most valuable to you. If you’re willing to pay a higher price but get free delivery, then you should feel good about that purchase.

The important thing is to buy responsibly and to feel good about your purchase. You shouldn’t feel guilty or stressed about money when you buy these items. If you’ve done all your prep work, then odds are you’ll come out on top.

This guest post is contributed by Olivia Coleman, who writes on the topics of online colleges and universities.  She welcomes your comments at her email Id: olivia.coleman33 @gmail.com.

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