Are Sample Sales Really A Bargain?

Grocery cartsWhen retailers have excess merchandise, sample sales are often used to move the surplus and unload the extra supply. These sales are usually advertised as offering sharply discounted items, but are the deals really as good as they say? Sometimes the discounts are less than spectacular, but if you use the right shopping strategies, you may be able to score a terrific deal on some great stuff. Here are a few tips on shopping sample sales to help you get the best bargain.

1. Evaluate the discount carefully.
Sample sales, especially the ones on the web like Gilt.com or Ruelala.com, are notorious for offering unbeatable prices on high-end merchandise. While these aren’t necessarily bogus claims, shoppers should be aware that retailers sometimes try to move their excess merchandise at prices that, while low, may not be as good as they make them out to be. One way of determining if the deal is really a steal, is to figure out how much the item would normally go for and compare it to the offered discount. If the discounted price is no more than 50 percent of the suggested retail price, then you’re getting a good deal.

2. Know what constitutes a real sample.
True samples are usually prototypes from manufacturers or designers. They aren’t necessarily the same thing as surplus or overstock merchandise. If you’re buying a true sample, you stand a much better chance of getting a great deal.

3. Check for any imperfections.
This applies to sample sales you find in stores or warehouses. Many places will offer discounted items (particularly clothing items) that have slight or moderate imperfections. These items should be properly marked with an identifying tag that says something like “imperfect” or “defect” and notes the details of the imperfection. These imperfections could be superficial, like a seam that isn’t completely straight, but they could also involve something that could potentially affect the item’s functionality. If you find an imperfection that isn’t marked, don’t be shy about asking the merchant to give you a break on the price, but don’t be pushy about it either.

4. Sizes may not be accurate.
Garments that are true samples (see above) are often not true to size. This is because real samples have been tailored to a specific model’s sizes. The inseam may be a little long, the waist may be cut a little narrower or the neckline may be slightly deeper, and so on. Always try the sample on and if it needs altering, consider the cost of alterations into the price to see if the deal is really worth it.

5. Don’t be tempted by urges to “Buy NOW While Supplies Last!” online.
Web sales can’t rely on impulse buying the same way a physical store can. When shoppers are in the store, they can see the item in person, touch it and hold it in their hands. Researchers have claimed that the ability to see and pick up an item increases a shopper’s tendency to purchase that item. With web sales, advertisers have to be a little more strategic if they want shoppers to click the “add to cart” button. The most common way to do this is by getting you to sign up for email offers or exclusive discount mailing lists. Once you do that, your inbox may be bombarded by “limited time offers” and urges to buy quickly. Resist the temptation to buy right away, even if the items are going fast. Ask yourself if you really want the item and if the price is really that great.

6. Delaying gratification can save you more money.
While we’re on the subject of resisting the urge to buy right away, it should be noted that web sales are generally better the closer an item gets to being out of stock or the closer it gets to the end of a season. You can sometimes save an additional 10, 15 or even 20 percent if you shop during the sale’s final hours. Keep an eye out for keywords like “blowout,” “inventory clearance,” “year end sale” and “final sale.” This applies to just about any retail store, not just sample sales, so it’s worth noting.

Do you have any other tips for shopping sample sales? If so, what’s the best deal you’ve found? Let me know in the comments!

How Do Americans Spend Their Money?

coinsAs another tax season has come and gone, many Americans are already planning on how they’ll spend their hard-earned tax refunds. From planning family vacations to funding home improvement projects to paying off debt, there are numerous ways one could put their refund to good use. Just out of curiosity, I did a little research on just what the most common ways are for people to spend their tax refunds. Here’s what I found:

According to data from the National Retail Federation, the two most common ways for Americans to use their 2011 tax refunds were putting it into savings (42.1 percent) and using it to pay down debt (41.9 percent).

The third most common way for Americans to spend their tax refunds in 2011 was to use it for everyday expenses (28.7 percent). Following that, 13.2 percent of Americans used their refunds to pay for major purchases, 11.9 percent used it for vacations and 6.7 percent listed “other” for their choice.

Compared to the year prior, more people used their tax refunds to pay for everyday expenses – the share for that segment was 28.8 percent in 2010. The number for people choosing to save their refunds also increased from 40.3 percent in 2010. Less Americans are using their refunds to pay down debt. The figure was 43.9 percent in 2010.

On a related note, it has been estimated that the average American purchases nearly $2,600 worth of goods and services every month and the average tax refund amount in 2012 was $2,803 – down from 2011′s average of $2,913.

Want a few ideas on how to spend your tax refund? Here’s a look at some of the things Americans love to spend money on, according to info from the U.S. Bureau of Economic Analysis. Some of these figures might surprise you!

Average Monthly Spending for Americans:

$95.43 – Clothing and Footwear
$79.97 – Pharmaceutical and Other Medical Products
$137.63 – Groceries
$51.90 – Televisions
$23.44 – Gambling
$27.63 – Alcoholic Beverages for Home Consumption
$25.81 – Games, Toys and Hobbies
$94.45 – Recreation Services
$130.83 – Purchased Meals and Beverages
$450.16 – Household Utilities
$410.48 – Healthcare

Considering becoming a mystery shopper? Read this first.

young woman shoppingHave you heard of “mystery shopping?” It’s a service where companies hire qualified people to “shop” at a designated place and report back about their experience. Here’s how the Mystery Shopping Providers Association (MSPA) explains it:

“A mystery shopper is a person who visits an establishment (typically a retail store, bank, restaurant or other such places where the public does business) for the purpose of observing and measuring customer service, product quality and the environment of the establishment in general.”

It’s a great way for companies to learn more about their employees, products, and how consumers view them. But there are benefits for the “shoppers” as well. Mystery shopping can be a fun way to make extra money, and it’s great for people who aren’t satisfied with a “desk job,” but it may not be for everyone.

Despite what you may have read on the Internet, mystery shopping is not a “get rich quick” scheme. It actually involves a lot of attention and dedication to gathering data. The MSPA explains that, contrary to popular belief, mystery shoppers do not get paid to shop – they get paid to gather information. Another common misconception about mystery shopping is that you get a ton of free stuff. While you may sometimes get a free meal, discounted merchandise or other similar benefits, mystery shoppers generally get paid a fixed amount – usually between $8 and $20 for a typical shopping job, but these amounts can vary greatly.

“Mystery shoppers know, before deciding to request or accept an assignment, what they will be paid,” according to the MSPA website.

The MSPA warns interested applicants to beware of organizations that promise lots of freebies and too-good-to-be-true offers. Also, the MSPA says that you should be “extremely leery” of any organization that asks you to pay to become a shopper. This is a big red flag that signals a scam. This is not the same as being asked to purchase an item or pay for a service as part of the shopping assignment. In those instances, the shopper is usually reimbursed.

So how does one become a mystery shopper? Start with the MSPA. They have a lot of valuable information to educate shoppers on the business and you can even search for available shopping assignments through their site. Learn more here: http://www.mysteryshop.org/shopper

How to Save on Your Media Addictions

woman-on-laptopAre you someone who likes to keep up with the latest in music, sports, fashion, and film? Regardless of your interests, chances are that from time to time you invest in CDs, DVDs, books, and magazines that extend your enjoyment of those favorites. When it’s all said and done, it is very easy to spend a small fortune on any one of those types of items. Then for some reason we hang on to them longer than necessary, because, come on, “We paid good money for those.” In the ongoing quest to save and use “good cents,” let’s examine a few ways to cut way back on media purchases.

The Swap Shop
You can get your friends and neighbors together and swap just about anything! The idea is to bring your gently used mags, CDs, DVDs, etc. and swap them one on one. So, the more you bring, the more new to you things you can take home. And let’s face it, how many times do you really want to watch that samurai movie, or “Pretty in Pink”? It is possible to do a genre themed swap as well. For example, children’s books and DVDs, mystery paperbacks, home improvement magazines, jazz music-really, the sky is the limit.

There are community swaps in some towns and cities that take place monthly. Keep an eye out on activity calendar message boards and places like craigslist for details on these types of exchanges.

The Library
Hands down, that library card is worth its weight in diamond-encrusted platinum! Where else can you have access to thousands of books, magazines, DVDs, and CDs? Nowhere! Try burning a CD to your I-tunes account and returning it to the music store! Lots of libraries also allow patrons to check out magazines that are one month old and many now have mp3 players pre-loaded with audio books. You just supply a AAA battery and your headphones. Wonder what would Andrew Carnegie think about all of that?
Library sales are another excellent way to save hundreds and support a great institution.

Second Hand
Poking around second hand shops, used book stores, and yard sales is ideal for finding some wonderful music, gently used books and DVDs. For those vinyl collectors out there, finding the perfect used venue is equivalent to finding buried treasure. Sellers also advertise these items on eBay and craigslist for very reasonable prices.

Cyber-Space
Yes! There are sites that allow the legal download of some things for free! The Huffington Post has the list of 35 of those sites here.

There are numerous sites that allow users to download audio books for free. A quick Internet search is all you need to get started.

If you take the time to peruse the iTunes Store, you’d be surprised how many free and deeply discounted songs, movies, TV shows, and podcasts there are. Often, there are free previews to stream prior to a release, along with season passes on some premium cable network shows.

Other Posts You Might Like

Hotel Living – Is It Worth The Savings?
Fun, Money Saving Idea for A Child’s Birthday Party

Couponing for Beginners

key on top of cashThe coupon craze has swept across the country, with classes, clubs and organizations offering “how-to” lessons for those who want to save big bucks on their grocery bills. But if you don’t have time to attend these classes, or if they don’t offer one in your area, here’s a beginner’s guide to couponing to help you get started!

The Basics of Couponing:

  • Learn the Policies
  • Learn Where the Coupons Are
  • Perfect Your Timing

Couponing can be a great way to save money on your grocery bill. But without employing the right strategies, the monetary benefits can be quite underwhelming. To get started on the right track to couponing, you should first understand the basics.

First thing’s first: Learn the coupon policies of your local grocery stores. Most grocery chain stores post their coupon policies on their websites. As an example, see Harris Teeter’s coupon policy here.

Naturally, it may be difficult to memorize the policies of different stores, so printing the rules off and keeping them in a handy notebook or envelope is a good idea. In fact, most serious couponers keep this information along with their shopping lists and coupons in a well-organized binder or file box. Find some tips on organizing your coupons here:

After you’ve familiarized yourself with the policies, the next task is to find some coupons. It may sound old-fashioned, but the Sunday newspaper is still the best source out there for coupons. Some people choose to print their coupons online through a couponing website, which is also effective, but you usually have to download special software (most websites out there offer this for free) or sign up for an account on the manufacturer’s website.

The Sunday newspapers include inserts with lots of great coupons. In order to really make it worth your while, you’ll want to get a hold of several of these inserts. There are a couple of ways you can do this. You can either buy multiple Sunday papers or ask your friends or neighbors to save the coupons they don’t use.

[Read more...]

Smart Ways to Drop that C-Note

In days gone by, having a $100 bill in your pocket meant something. The prospects for how to indulge just one piece of folding money with Mr. Franklin’s picture on it presented all sorts of possibilities. Today, it may take that much to gas up the mini-van or SUV or barely cover a matinee and fast food dinner for a family of four. So, what are a few smart ways to spend one hundred dollars?

key on top of cashInvest in a water saving shower heads
Not exactly exciting; however, a low-flow shower head can pay you back many times over. The cost for an EnergyStar approved one ranges between $15 and $35. They are fairly easy to install, so the change is being applied to your time. Remember, “time is money.” Look for a shower head that is approved by the EPA’s Water-Sense program. They are designed to produce 2.5 gallons of water per minute less than the standard models. According to the EPA’s representative, Chandler von Schrader, “If there are three people in your house who typically take 10-minute showers, a low-flow shower head could save you up to $170 per year.” OK  multiply that by the number of showers you have and check out the return on that investment!

Grow your own
A full-blown garden will cost considerably more than $100, but a small kitchen version can be a surprising money saver. Growing culinary herbs is a fun, easy, and money saving way to amp up your recipes. Especially with spring and summer produce on the way, there is nothing tastier than cooking with fresh herbs. Can you relate? Pasta with pesto~lemon dill sauce for fish~chicken roasted with sage and rosemary~new potatoes with parsley…need more inspiration? Check here.

There are herb garden starter kits available at big box stores and online. Here is a link to one on Amazon.

Chef Robert Irvine of the Food Network’s Restaurant Impossible estimates that if you buy the 1-ounce packets of fresh herbs at the supermarket, the cost for those averages $6 each. That computes to $90 a pound! Even if your tabletop herb garden produces only 3 ounces every two months for six months, the return on your investment is considerable!

Be on the lookout for treasures
There are definitely risky things to purchase with the expectation of doubling your money or better. Let’s not forget about all of of those Beanie Babies, and Hummel figurines! However, there are a few items out there that collectors will pay big bucks for. Some interesting ones are cast iron skillets, vintage children’s costumes, Life Magazines, old cookbooks, automobile manuals, and colored golf balls.

Rick Harrison of the History Channels’ Pawn Stars, suggests that old Zippo lighters are a sure bet. Before the advent of plastic disposable lighters, the Zippo was an iconic fixture throughout the 1930’s, 40’s, and 50’s – think Cary Grant, Humphrey Bogart and Steve McQueen. The old metal ones with the hinged tops have been selling very well on places like eBay and HipSwap. In fact, they are a huge favorite among Japanese collectors and have fetched as much as $5,000!

So before you blow that one hundred dollar bill too quickly, consider how to make it last!

Changing the Way You Shop

young woman shoppingIt is possible to save money on items that are essential and on those that are not. What gets many people into trouble is impulse buying, even with necessary things like groceries. Changing the way you shop and how you look at shopping in general can prevent you from making expensive mistakes.

Let’s start with food shopping. We’ve all been there – wandering up and down the grocery store aisles, no list, no ideas, unhappy, hungry kids in tow. In times like these, it is practically a guarantee than you’ll make unwise purchases and spend way too much money. When it comes to grocery shopping, it’s best to shop once a week, or even better, every two weeks. To pull this off, careful planning is required. Ideally, you’d want to find out which items are on sale that week, plan your menus, and write out a grocery list. Planning meals, cooking at home, and incorporating leftovers into the menu are all ways to save hundreds each month on food costs.

If this sounds like a daunting task, don’t despair. These are loads of resources on the subject, including books with tear out shopping lists, calendar pages of menus, and of course tablet and smart phone apps. Using the grocery store’s reward program and signing up for online notices about sales and special deals are also ways to save. Other ideas are to shop sales at discount stores for generic and every day staples, like napkins, cereal, and pet food. Finally, stocking up on fresh local produce at the farmer’s market is another example.

If you have ever shrugged your shoulders & thought, “When the going gets tough, the tough go shopping”…hold on right there! As part of changing your approach to shopping, thoughts like that must be banished from your consciousness. You can’t buy happiness, so don’t even try. In fact, avoiding stores all together is the best way to put an end to impulsive spending.

Understanding what triggers reckless shopping sprees can help put an end to pointless spending. Whether it’s on items for the home or clothing, unplanned purchases are usually the result of dissatisfaction. Perhaps you just read about some new home décor trends or thumbed through a fashion magazine at the doctor’s office? Now, suddenly everything you have is awful and must be replaced. Here are a few strategies to consider before going off the deep end into debt:

-Reevaluate what you have. Regardless of the item, ask yourself if it can be repainted, recovered, or altered in some way that will make it better? For example, could a little paint, new hardware, buttons, trim, or a shorter hemline make it work?

-Can you live with it for now until you find a replacement on sale?

-Have you looked for these things in alternative outlets to retail stores such as thrift and consignment shops? How about Craigslist and eBay? If you feel uncomfortable looking for the item used, just think – it’s new to you and you could save a bundle.

-Resist the temptation to make a purchase; instead think about it for one week and then see if the desire is as overwhelming as it was 7 days ago.

-Mull over other ways to spend the money instead of on the thing in question. Are there overdue bills that should be paid or are you saving up for a vacation or other big-ticket item?

-Another consideration is what kind of staying power the object in question has. Is it something that is well made and will last and be useful for years to come? Will this purchase be sustainable or wasteful?

-Finally, approach buying like a game: the only way to win is to avoid impulsive purchases and save instead of spend!

I Just Spent $12.38 On Convenience Fees

It’s the holiday season…full of festive decorations, fun times with family and friends, making memories and enjoying traditions…and the never ending to do list. At this time of year we take our ordinarily busy lives and cram in a bunch of shopping, cooking, volunteering, parties, wrapping, decorating…and then we try to also fit in a few days off to enjoy it all. Stressed out yet?

My intention in bringing this up isn’t to raise your blood pressure, but to talk about those dreaded “convenience” fees. I tend to get annoyed when I get to the final step in purchasing something online, say movie tickets for example, and the final price jumps by several dollars. In the past few days however, I found myself opting to spend a little extra on these fees…and honestly, they were actually very convenient.

The first convenience splurge came when buying gift cards as Christmas gifts for a few family members. When I asked for gift ideas they mentioned a few specific places that aren’t on my normal route. In less than five minutes I ordered them online and happily paid anywhere from $1 – $2.50 each for them to be shipped to my home. The time, gas, and effort saved not having to drive all over town buying these cards was well worth it – even to a total cheapskate like me.

My second splurge made me think for a moment before going for it. I was ordering tickets online for the local production of The Nutcracker for my daughter and me. At checkout for the “convenience” of printing my tickets right then and there and being done with it was $3.44 each. Almost $7. This is where some classic “Mommy Guilt” clicked on…I didn’t want to risk the show being sold out if I waited to buy tickets at the door, and disappointing my daughter. I also could have bought tickets at a local specialty toy store (clever co-marketing, huh?) but I figured there was no way I’d get out of there for less than $7 in impulse buys.

Sooo…I’m good with the gift card fees, would probably plan ahead a little better next time and avoid the ticket upcharges, but in the grand scheme of things I’m ok with the $12.38 tacked on to my holiday budget.

How do you feel about the convenience of these fees? Is the time or effort savings worth it, or do you find them completely frustrating and avoid them at all costs?

Is Pinterest Just One Big Temptation To Spend Money?

Pinterest, the wildly popular visual bookmarking site and latest social media craze, can be a lot of fun, and even somewhat addictive, but does it offer too much temptation to spend money? Browse through the images, or pins, on the site and you’ll see beautiful homes, stunning locals in far off lands, the latest fashions, delicious cupcakes, and creative table settings. And much much more.

The site can be a great tool and source of ideas and inspiration for anything from planning a wedding, to decorating a child’s bedroom, to coming up with a menu for a dinner party. But, the number of options can be overwhelming…and expensive.

Thinking of a carnival theme for your child’s next birthday? A quick search on Pinterest.com will return a seemingly endless scrolling page of gorgeous photos and super creative ideas. But do you need custom printed invitations, a big top style tent in the backyard, an overflowing dessert table, and color coordinating everything?

Wondering what to wear to an event this weekend? Check out a few fashion boards and you might feel you need to run out and get stacks of brightly colored bracelets, a new purse, and the latest nail polish color.

[Read more...]

Study Says Shopping at Wholesale Clubs Can Save You 30 Percent

Grocery cartsAs I drove to work this morning I was able to catch a few minutes of the Marketplace Morning Report on my local public radio station (after I had dropped off my daughter and was able to switch off The Lorax soundtrack she’s insisted on having on repeat the past few weeks,) and heard David Lazarus interviewed about whether shopping at wholesale clubs (ex: Costco, Sam’s Club, BJ’s) really saves you money.

I am a big fan of Costco and buying in bulk, but I have never really found that I save a lot of money by shopping there. There are certain items I know I can get much cheaper when compared to the prices at the regular grocery stores near me. A few of our favorite items we know we save big on are boxes of chicken stock, flat bread, hummus, artisan bread, bagels, and sparkling water. With other items the difference isn’t so big – I find that beef, chicken, and seafood isn’t generally that much cheaper, and is often more expensive than those items on special at the grocery store.

I was surprised to hear in the story that a recent study found the grocery savings are pretty big on average, “it’s about 30 percent less than your typical big supermarket.” Wow! I tried to find the details of the study but couldn’t put my fingers on it. I have to imagine that they calculated the savings based on buying the same brands available at the warehouse. For example if the warehouse store carries a certain name brand of paper towels the savings might be 30% over that same brand at the grocery store, but when shopping at the grocery store you could also choose to buy the generic paper towels which might be the same or even less than the warehouse price.

[Read more...]

Related Posts Plugin for WordPress, Blogger...