Everything Is Always on Sale!

by Krantcents · 26 comments

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Everything is always on sale seems like an exaggeration! If you are expecting to go to your local store and find absolutely everything on sale, you will be disappointed. Then again, you can find just about everything on sale somewhere. Online retailers are constantly discounting their products and there are always coupons for discounts and free shipping. I f you look, you can find everything on sale!

If you think this is a shopping guide, you will be disappointed!  My parents taught me to shop wisely and get value from my purchases. I think it is a metaphor for life. I am the ultimate value shopper! I will not buy anything unless I can have a discount. How much is enough? Free shipping just puts it in line with retail stores and no sales tax is expected! A 25-50% discount is the norm for me. If I cannot achieve at least that level of discount, I generally won’t buy it.

This strategy does not apply to everything, although some level of discount is the goal of every purchase. Since I review every expense every month, I strive to keep my expenses low. If I can receive rebates and discounts on top of low prices, it is a win/win! Buying at the lowest price is not the objective unless it is something I want. I know that if I buy something at Tiffany, I will not get the lowest price. Instead I can rely on the quality image. For the record, I have never bought anything at Tiffany & Company.

For me Tiffany is for someone who does not have a jeweler who is trustworthy. Jewelry is a highly profitable commodity and you want someone who is honest and the products you want to buy. Similar to any choices in life, I prefer to find businesses that my friends use and frequent over the years. In other words referrals! There is no guarantee that their products and services are better than others, but they at least have a history of satisfying people over time.

When I bought my wife (then girlfriend) her engagement ring, I checked with my mother. She knew someone who had a sixty (60) year relationship with a jeweler in New York City. The referral was great, but I still had the ring appraised before I bought it. At the time, it was my biggest purchase and I never bought jewelry before. It was nearly two times my monthly salary at a discounted price. I think it required some extra effort! After moving to Los Angeles, I used the same criteria to find the best on a value basis.

When I bought my first house, I looked for a distressed sale. I found a home in a neighborhood; I want to live and looked for underpriced homes. The home I bought had about a twenty-five (25) percent discount. It needed some work, but is was mostly cosmetic. I removed the carpeting, refinished the hardwood floors, replaced the drapes and painted. It cost lot less than the money I saved. In less than four years, I sold it more than double!  I also took over their below market mortgage to save even more.

Value is the amount of money something is worth. For me, value is what something is worth at a particular price. If I cannot purchase something at a discount, I question if it worth the price for me. In other words, I am willing to wait it goes on sale or I can get a better price. I cannot delay purchases on everything, but with a little planning, I can delay purchases. For example, I need seven pairs of bicycle shorts, but I will not pay retail for them. I need them for next summer and have eight (8) months to buy them.

There are times that all products go on sale. There is less demand for bicycle shorts in the middle of winter. I can usually buy them at a forty (40) percent discount in the middle of winter. Since, I am spending five (5) hundred dollars; I want to meet my criteria for value. I will buy them online and save the sales tax too. Even homes are on sale at certain times! Typically, there are more homes for sale during the spring so people can move over the summer. As a buyer, I buy when it is to my advantage.

Negotiation is the process between people to reach an agreement. Generally, it is an agreement of price and terms. I am willing to negotiate on anything. I have done it at retail stores when I have an advantage or something to exchange for a better price. After I lost a lot of weight (35-40 lbs.), I needed some new suits. Since I was buying five (5) suits at once, a raincoat and shirts and ties, I used the situation to negotiate. I managed to get better prices and even some things thrown in for free.

Final Thoughts

Everything is always on sale is something rich people understand very well. Rich people watch their money better than most. Just because you earn millions of dollars a year does not mean they just spend it lavishly. They want value for their money too. Just ask a rich person about their last large purchase and you will find out. About ten (10) years ago, I bought a large screen TV and saved 40%! It was not on sale, but the sales person said they would price match. I spent just a few minutes on the internet and saved!

Most people do not negotiate or look for the lowest prices because it takes more time. Time is money, but I saved a thousand dollars in less than ten (10) minutes. If you can plan some of these big purchases, you can save a great deal of money. I cannot plan 100% of my purchases, but I can plan about 98%. The rest may not matter, but I can control even that many of those too. It is up to you to get the most value from your purchases because everything is always on sale!

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{ 20 comments }

Holly@ClubThrifty November 19, 2013 at 5:00 am

I agree that everything’s on sale if you wait long enough. I only pay full-price for things if I am desperate and unable to wait for some (very serious!) reason.

Krantcents November 19, 2013 at 6:48 am

Usually, I set criteria such as price and how much I need it immediately or not.

Money Beagle November 19, 2013 at 9:48 am

I just ordered a new dishwasher this morning and was able to save 15% over the price I had received last week simply by being patient and waiting for the sale that I knew was coming, by having researched the stores sale cycle.

Krantcents November 19, 2013 at 1:40 pm

If you have even 5 minutes to access the internet and can time your pruchase, you can find the product or service on sale.

Michelle November 19, 2013 at 10:01 am

We hardly ever pay full price. If it’s not on sale, I’m sure SOME store in the world carries the same product and has a coupon or a coupon code.

Krantcents November 19, 2013 at 1:41 pm

You can also save on postage and sales tax too.

Tie the Money Knot November 19, 2013 at 3:21 pm

Paying full price – at least the initial asked for price – seems so outdated! There is more access to competitive pricing these days, better information for consumers.

Krantcents November 19, 2013 at 3:34 pm

Absolutely! The internet has leveled the playing field in many ways.

The First Million is the Hardest November 19, 2013 at 7:00 pm

I don’t buy anything until I’ve scoured the internet looking for a better price or coupon code. My fiance is the same way, any larger purchase we make she is sure to try and negotiate with the sales person…usually successfully to some degree!

Krantcents November 19, 2013 at 9:42 pm

It has become so easy, why leave money on the table?

Kim@Eyesonthedollar November 20, 2013 at 6:07 pm

I’m not sure why so many people have a hard time asking for a discount. If you are buying five of anything, I’d just throw it out there. The worst they can say is no.

Krantcents November 20, 2013 at 6:11 pm

I agree! I always look for a reason to negotiate and so should everyone else.

Barbara Friedberg November 20, 2013 at 7:16 pm

I’m exceedingly mindful of value. Most items have a certain value to me and if the price exceeds the value, I don’t buy. That said, as I mature and our resources grow, financial decisions also evolve. I might spend on an item today that I wouldn’t have purchased several years ago.

Krantcents November 20, 2013 at 9:17 pm

I think I am value conscious too If I cannot achieve enough of a discount I won’t buy it. There are certainly which may not warrant much shopping though.

KK @ Student Debt Survivor November 20, 2013 at 7:20 pm

My impatience in my younger years absolutely cost me money. Now I wait for things to go on sale or I don’t buy them. If I need something right away I check online prices and bricks and mortar prices before I buy it.

Krantcents November 20, 2013 at 9:21 pm

I agree! I am starting to shop products such vitamins, and necessities online too. The savings is worth it!

Tushar @ Everything Finance November 20, 2013 at 9:13 pm

Great philosophy. I have to agree. Everything IS always on sale. Lots of people are afraid to ask or to approach about price matching etc because they are afraid of the answer being no. That attitude doesn’t get you anywhere, though!

Krantcents November 20, 2013 at 9:33 pm

I think the fear is failure! They are afraid of being turned down. What they don’t know is they are more likely to succeed under the right circumstances. I think it is always worth a shot.

Buck Inspire November 21, 2013 at 6:25 am

Wise lessons KC! Do you apply this thinking to the stock market as well? Time is money and I think most people are lazy or just want instant gratification. I’m still trying to get my head around negotiation. I know it doesn’t hurt to ask, but I have a weird feeling that I might offend them or stepping over a line.

Krantcents November 21, 2013 at 7:08 am

Asking a question is not offensive! Negotiation starts with asking questions. As far as the stock market, I dollar cost average into the market and it averages out over time.

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