Tips on Shopping Tricks that Stores Hate

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Tips on Shopping Tricks that Stores Hate

The Consumerist, the site where ‘Shoppers Bite Back’, has come up with a list of top tips to save shoppers money that stores wished you wouldn’t find out about. Start saving (and throwing retailers off their game!) today:

1. Buy Loss Leaders and Leave – Loss leaders are products that a company sells at or below cost to lure customers into the store. You can usually spot them in advertising circulars as products with disclaimers like “Limit 3 per customer”. The last thing stores want is for you to waltz in, buy all the loss leaders (and nothing else) and leave. So that’s exactly what you should do.

2. Use Credit and Pay it Off on Time - Sometimes stores will offer a "6 months, no interest, no payments" offer on big ticket items. These offers are not just to help you buy stuff; they are put in place to trick you into paying more for the item than if you had paid cash. The best thing to do is to take the cash you would have used to buy the item and put it in a high yield savings account. Then buy the item with credit and wait until 5.9 months later to pay it off. That way, you’re using someone else's money for 6 months for free. One word of caution: pay the full balance off on time, or all your efforts will have been for naught.

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http://soundmoneytips.com/article/26930