buying http://www.wisebread.com/taxonomy/term/8792/all en-US 4 Portfolio "Blind Spots" That Are Ruining Your Investments http://www.wisebread.com/4-portfolio-blind-spots-that-are-ruining-your-investments <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/4-portfolio-blind-spots-that-are-ruining-your-investments" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/confused_executive_man_looking_at_documents.jpg" alt="Confused executive man looking at documents" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Ignorance definitely isn't bliss when it comes to your investments, and yet we all seem to be hard-wired with blind spots, or as psychologists call them, <em>behavioral biases</em>. Here are some of the more common ways we tend to make irrational and unprofitable investment decisions. (See also: <a href="http://www.wisebread.com/this-one-mental-bias-is-harming-your-investments?ref=seealso" target="_blank">This One Mental Bias Is Harming Your Investments</a>)</p> <h2>1. Assigning too much value to the most recent news</h2> <p>Try to remember what you had for dinner on each of the past seven nights. Assuming there was nothing unusual about any of the meals, which one do you think you'll remember most easily? Last night's dinner, right?</p> <p>That makes sense. It's only natural that we would remember most clearly what happened in the most recent past.</p> <p>But here's the problem when it comes to investing: It isn't just that we most easily remember what happened in the recent past; we tend to assign greater significance to the most recent events as well, viewing them as indicators of what's likely to happen in the future. That's called <em>recency bias</em>.</p> <p>For example, let's say you're thinking about buying a particular stock. Before placing a buy order, you check its performance today and are pleased to see that it's up. Without consciously thinking about it, your built-in recency bias sees this as added confirmation that the stock is worth buying. It might be a good stock to buy, and it might not. One day's performance means very little.</p> <p>What to do? Make sure you're basing your investment decisions on something more than just the most recent news. What are analysts saying about the company's long-term prospects? Where will the company's future growth come from? How much competition does it have?</p> <h2>2. Reacting too strongly to bad news</h2> <p>Recency bias can be magnified if the recent news is bad. That's because of <em>loss aversion</em> &mdash; the tendency to feel the pain of loss on a much greater magnitude than the pleasure of an equal gain. According to some studies, losses can feel twice as bad as the good feelings that accompany comparable gains.</p> <p>This can lead to many forms of bad investor behavior. During a steep market decline, some investors can't stomach the pain and decide to sell. But that often makes matters worse because selling locks in their loss. When the market eventually cycles back up, fear keeps them on the sidelines and they miss the rebound.</p> <p>How to combat loss aversion? Don't monitor your portfolio so closely. People who check their holdings frequently have been found to trade more (because of fear-based selling) and generate lower returns than those who monitor their portfolios less often. (See also: <a href="http://www.wisebread.com/your-loss-aversion-is-costing-you-more-than-your-fomo?ref=seealso" target="_blank">Your Loss Aversion Is Costing You More Than Your FOMO</a>)</p> <h2>3. Seeing only what you want to see</h2> <p>As the old saying goes, if you're a hammer, everything looks like a nail. By the same token, if you have a hunch about a stock, and especially if you've become emotionally attached to the idea of owning it, you may tend to notice only news that supports your point of view.</p> <p>When <em>confirmation bias</em> gets its claws in you, it becomes very difficult to see things differently. You will ignore contradictory information, selectively remember conversations or articles about the investment you are considering, and even read ambiguous commentary as favoring your point of view.</p> <p>Confirmation bias goes a long way toward explaining the existence of &quot;perma-bears&quot; and &quot;perma-bulls&quot; &mdash; market analysts who <em>always </em>see a bear or bull market on the horizon and can point to evidence supporting their opinions.</p> <p>To avoid confirmation bias, proactively seek opposing points of view. Feeling strongly attached to the idea of investing in XYZ Corp? Look for reasons <em>not </em>to invest in it.</p> <h2>4. Using the wrong benchmarks</h2> <p>When you walk into a car dealer's showroom and see one of its most expensive vehicles on display, the model you had in mind probably looks like a bargain. That's a type of bias called<em> anchoring </em>in action, with the expensive car serving as a very influential point of reference.</p> <p>When it comes to investing, it's common for people to anchor their portfolio's performance to &quot;the market.&quot; Even if they have 40 percent of their money invested in bonds, the fact that the market generated a 30 percent gain makes them feel bad about their paltry 18 percent. It might even prompt them to change their portfolio and take on more risk than they should.</p> <p>What's the solution? Create a written investment plan tailored to your age and risk tolerance, including a realistic assumed average annual rate of return, such as 7 percent. Using <em>that </em>as your anchor, an 18 percent return wouldn't be a disappointment; it would be amazing.</p> <h2>Other ways to combat behavioral biases</h2> <p>The ideal emotional state for an investor is <em>unemotional. </em>However, we're not robots. So, awareness of our many biases is a good starting point for preventing them from steering us in the wrong direction.</p> <p>Perhaps the most helpful step of all is to press the pause button. Since it's impossible to time the market, waiting a couple of days before executing a buy or sell order isn't going to make much difference in that investment's performance. However, using that time to question your assumptions may make a <em>big</em> difference in helping you more rationally decide whether the investment should be bought or sold in the first place. (See also: <a href="http://www.wisebread.com/5-mental-biases-that-are-keeping-you-poor?ref=seealso" target="_blank">5 Mental Biases That Are Keeping You Poor</a>)</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/matt-bell">Matt Bell</a> of <a href="http://www.wisebread.com/4-portfolio-blind-spots-that-are-ruining-your-investments">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-is-cryptocurrency-anyway">What Is Cryptocurrency, Anyway?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-types-of-investors-which-one-are-you">8 Types of Investors — Which One Are You?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-3-rules-every-mediocre-investor-must-know">The 3 Rules Every Mediocre Investor Must Know</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-easiest-way-to-invest-in-the-worlds-biggest-companies">The Easiest Way to Invest in the World&#039;s Biggest Companies</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/your-loss-aversion-is-costing-you-more-than-your-fomo">Your Loss Aversion Is Costing You More Than Your FOMO</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Investment anchoring blind spots buying cognitive biases confirmation bias loss aversion mental biases portfolio recency bias selling stock market Tue, 17 Oct 2017 08:30:10 +0000 Matt Bell 2035896 at http://www.wisebread.com What Is Cryptocurrency, Anyway? http://www.wisebread.com/what-is-cryptocurrency-anyway <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/what-is-cryptocurrency-anyway" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/bitcoin_coin_on_white_keyboard.jpg" alt="Bitcoin coin on white keyboard" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Investors are always looking for the next &quot;big thing.&quot; Throughout 2017, cryptocurrencies have been experiencing a surge in market valuations with Bitcoin and Ethereum trading above $4,000 and $300, respectively, as of August.</p> <p>With the price of one Bitcoin (BTC) trading well above the price of one ounce of gold, more and more people are jumping on the cryptocurrency bandwagon: On August 8, 2011, there were only <a href="https://blockchain.info/charts/n-transactions?timespan=1year&amp;daysAverageString=1&amp;scale=0" target="_blank">8,638 BTC transactions</a>. Fast forward six years, and the daily number of BTC transactions has surged to 260,955! (See also: <a href="http://www.wisebread.com/heres-everything-you-need-to-get-started-with-bitcoin?ref=seealso" target="_blank">Here's Everything You Need to Get Started With Bitcoin</a>)</p> <p>So what exactly are cryptocurrencies, and should you invest?</p> <h2>What is cryptocurrency?</h2> <p>Basically, cryptocurrency is a digital or virtual asset that uses cryptography as a security measure. Designed by somebody under the pseudonym &quot;Satoshi Nakamoto&quot; back in 2009, Bitcoin was the very first cryptocurrency. Today, there are over 1,050 cryptocurrencies (often referred to as &quot;coins&quot;) with funny names, including Dogecoin, Veritaseum, Factom, and Counterparty. However, their valuations are no joke: The total market capitalization of all coins stood at $151 billion as of August 23, 2017.</p> <p>Unlike currencies issued by nations, cryptocurrencies can be issued by anybody with access to the right technology. Capitalizing on this fact, tech entrepreneurs all around the world are launching coins every day with the promise that once products or services are available, the coins will be redeemable for those products and services. For example, the developers behind Siacoin provide a decentralized storage marketplace in which hosts compete for your business, and those behind Monero deliver a private and untraceable cryptocurrency. Research firm Smith &amp; Crown reports that so far in 2017, 65 projects have raised over $520 million in coins.</p> <h2>Should you invest in cryptocurrency?</h2> <p>The upside potential of a coin is huge, but this doesn't mean that cryptos are for everybody. There are a few important details you should know before you dive in.</p> <h3>There is high volatility</h3> <p>Take for example Neo (formerly AntShares) which was trading at $1.50 per coin on June 10, 2017 and peaked at $51.94 per coin on August 13, 2017. There are very few places that you can get a 3,362 percent return in just two months. But what goes up eventually comes down and Neo traded at $31.76 on August 18, 2017. Could you stomach over a 38 percent drop in value of your investment in just four days? With big price swings on a daily basis, coins aren't for investors with low tolerance to risk.</p> <h3>Investing requires some tech know-how</h3> <p>Buying and trading cryptocurrency requires you to be comfortable using some desktop or smartphone applications. Attention to detail is critical to avoid losing your hard-earned coins. Here are some important things to note:</p> <ul> <li> <p>Typing one wrong character in your 33- to 34-character long Bitcoin address when doing transactions could mean that your money ends up in somebody else's account.</p> </li> <li> <p>Sending cryptocurrency into the wrong address (say, for example, sending Ethereum Classic coins into an Ethereum wallet address) will make your cryptocurrency disappear. Most exchanges won't even help you try to recover the misplaced coins for small amounts (Bittrex sets a $5,000 minimum) and will charge you a hefty fee for the recovery.</p> </li> <li> <p>All exchanges recommend doing a small test amount before doing a large deposit or withdrawal.</p> </li> </ul> <h3>The rules are always changing</h3> <p>With more and more people buying and selling cryptocurrencies, more government agencies at different levels are creating laws that affect consumers in different ways. For example, here are a few regulations that have been placed in recent years:</p> <ul> <li> <p>In 2014, The IRS deemed a cryptocurrency as property. This means that the same general tax principles used for reporting the sale of a piece of land would apply to the sale of 10 BTC (around $42,330 at the time this article was written).</p> </li> <li> <p>In 2015, the New York State Department of Financial Services (NYDFS) passed the BitLicense regulatory framework, requiring Bitcoin companies serving New York residents to keep detailed records of all users in that state. Claiming concerns for user privacy, Kraken and Bitfinex decided not to serve users residing in this state.</p> </li> <li> <p>In mid 2017, the Hawaii Division of Financial Institutions (DFI) created regulatory policies that required exchanges to hold cash reserves equivalent to the value of cryptocurrencies held by Hawaii residents. This requirement prompted all exchanges, including Coinbase, to stop operating in Hawaii or postpone their plans to open in that state.</p> </li> </ul> <h3>Transaction wait times can vary</h3> <p>Despite the claims that cryptos are the way of the future, it surely can feel that you're back in the stone age waiting for a Bitcoin transaction to clear. In order to verify transactions, exchanges rely on a number of confirmations from the network. Depending on the volume of transactions and other factors, the wait time can vary from a few minutes to several hours. Waiting for a purchase of $5,000 worth of Litecoin could be a nerve racking experience for a new (and even experienced) investor.</p> <p>This delay in transaction time also means that you won't necessarily get the price you wanted when buying or selling your coins. On Saturday August 19, 2017, Bitcoin Cash was trading as high as $996.92. By Tuesday August 22, 2017, one coin was now trading around $582. If you had been trying to dump your coins on Tuesday, you would probably have done so at a price much different from the one you originally wanted.</p> <h3>There are liquidity issues</h3> <p>With over 1,000 cryptocurrencies to choose from, you may end up with a &quot;winner&quot; that performs well for some time. But as government laws or exchange rules evolve, your coin of choice may be dropped from several exchanges.</p> <p>IOTA is a great example. U.S. residents could buy IOTA from Bitfinex, but on August 11, 2017 the exchange announced that it would stop accepting new U.S. customers and will discontinue services to all current ones over the next 90 days. If you held IOTA, you're now forced to seek a new exchange to trade and/or wallet to store your coins. In the very worst case scenario, you may have to liquidate your position to avoid losing your money. Just ask owners of SpaceBIT, Quebecoin, and DAO.</p> <h2>The bottom line: Trade cautiously</h2> <p>There are several individuals who are making money trading Bitcoin and other cryptocurrencies. If you had purchased $100 BTC on January 1, 2011, you would have acquired 333.33 coins at $0.30 each. By August 24, 2017, that original investment would be worth over $1.4 million!</p> <p>However, make sure that you understand all the potential risks involved with these virtual currencies. Given their inherent volatility, don't bet the house on cryptocurrencies. Additionally, to have a true picture of how much money you're making with cryptocurrencies, include all applicable fees. Remember that every cryptocurrency transaction, whether it's a purchase, sale, deposit, or withdrawal has a fee from an exchange, financial institution, or both. Happy trading!</p> <p><em>[Disclaimer: The author owns some Bitcoin and Siacoin. He received no payment from any of the cryptocurrencies or exchanges mentioned in this article.]</em></p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fwhat-is-cryptocurrency-anyway&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FWhat%2520Is%2520Cryptocurrency%252C%2520Anyway-.jpg&amp;description=What%20Is%20Cryptocurrency%2C%20Anyway%3F"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/What%20Is%20Cryptocurrency%2C%20Anyway-.jpg" alt="What Is Cryptocurrency, Anyway?" width="250" height="374" /></p> <p style="text-align: center;">&nbsp;</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/damian-davila">Damian Davila</a> of <a href="http://www.wisebread.com/what-is-cryptocurrency-anyway">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-portfolio-blind-spots-that-are-ruining-your-investments">4 Portfolio &quot;Blind Spots&quot; That Are Ruining Your Investments</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/who-really-owns-your-digital-assets">Who Really Owns Your Digital Assets?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/beginners-guide-to-reading-a-stock-table">Beginner&#039;s Guide to Reading a Stock Table</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-things-you-should-always-buy-and-sell-on-ebay">10 Things You Should Always Buy and Sell on eBay</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-ways-to-add-gold-to-your-portfolio">4 Ways to Add Gold to Your Portfolio</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Investment bitcoin buying coins cryptocurrency digital currency marketplaces selling technology trading volatility Wed, 11 Oct 2017 08:30:06 +0000 Damian Davila 2034469 at http://www.wisebread.com When Does Your Credit Card Start Charging Interest on a Purchase? http://www.wisebread.com/when-does-your-credit-card-start-charging-interest-on-a-purchase <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/when-does-your-credit-card-start-charging-interest-on-a-purchase" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/young_girl_is_paying_using_her_credit_card.jpg" alt="Young girl is paying using her credit card" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Credit card interest can be a mystery. It's all explained somewhere in the fine print, and any experienced attorney should be able to figure it all out. But for the rest of us, the most important thing to know is when our credit card will start charging us interest. (See also: <a href="http://www.wisebread.com/everything-you-didn-t-understand-about-credit-card-interest-grace-periods-and-penalty-aprs?ref=seealso" target="_blank">Everything You Didn&rsquo;t Understand About Credit Card Interest, Grace Periods, and Penalty APRs</a>)</p> <h2>The basics of credit card interest</h2> <p>Credit cards calculate your interest based on your average daily balance. At the end of each day, your account's balance is added up, including any new charges, fees, payments, or credits. And at the end of your statement period, the average daily balance is determined by adding up each day's balance, and dividing it by the number of days in the billing period.</p> <p>This means that you will be incurring interest charges on your purchases from the date of the transaction. Just keep in mind that many transactions initially begin as &quot;pending&quot; and can take a few days to change to &quot;posted.&quot; Nevertheless, your average daily balance, and your interest charges will be based on the date the transaction occurs, not when it actually becomes &quot;posted.&quot;</p> <p>For example, let's assume that your credit card statement period begins on the 15th of June and ends on the 14th of July. If you were to make a $1,000 charge on the 15th of June, it might be pending for a few days before it posts. Nevertheless, the charge will appear on your account as of the 15th of June. And if you don't make any further charges that month, your average daily balance will be $1,000. But if you make that charge at a later time, your average daily balance will be less, as will your interest charges. (See also: <a href="http://www.wisebread.com/7-ways-to-lower-your-credit-card-interest-rate?ref=seealso" target="_blank">7 Ways to Lower Your Credit Card Interest Rate</a>)</p> <h2>The exception to the rule</h2> <p>Now that you see how credit card interest begins the day you make a purchase, it's important to understand a key exception to this rule. Nearly all credit cards allow you to avoid interest charges by paying your monthly statement balance in full. Technically, interest is still being accrued, but those charges get waived when you pay your entire statement balances by the due date.</p> <p>The period of time between your statement closing date and your payment due date is called a grace period. Almost all credit cards offer grace periods, with the typical length being 25 days. If a credit card offers a grace period, by law it must mail your bill at least 21 days before your payment is due.</p> <p>If you fail to pay your entire statement balance in full before the due date, then you lose your grace period and will accrue interest on your average daily balance. Those charges will appear on your next statement. And once you've lost your grace period, then you will have to pay interest charges on your current and future transactions until you've paid off your entire statement balance in full again. (See also: <a href="http://www.wisebread.com/the-best-low-interest-rate-credit-cards?ref=seealso" target="_blank">The Best Low Interest Rate Credit Cards</a>)</p> <h2>Getting a bit of extra free interest</h2> <p>Paying your balance in full each month is the best way to manage your credit card accounts, as you'll pay no interest charges on your purchases. This gives you essentially a free loan from the date of your purchase until the next statement's due date.</p> <p>In fact, you can get as much free interest as possible with a simple trick. If you can delay a major purchase until after just your statement has closed, then you will get an additional month of free interest compared to a purchase made just before your statement closes. By waiting until after the statement closes, the purchase will appear on the following statement, which will have a due date a month later than the previous statement.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fwhen-does-your-credit-card-start-charging-interest-on-a-purchase&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FWhen%2520Does%2520Your%2520Credit%2520Card%2520Start%2520Charging%2520Interest%2520on%2520a%2520Purchase-.jpg&amp;description=When%20Does%20Your%20Credit%20Card%20Start%20Charging%20Interest%20on%20a%20Purchase%3F"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/When%20Does%20Your%20Credit%20Card%20Start%20Charging%20Interest%20on%20a%20Purchase-.jpg" alt="When Does Your Credit Card Start Charging Interest on a Purchase?" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/jason-steele">Jason Steele</a> of <a href="http://www.wisebread.com/when-does-your-credit-card-start-charging-interest-on-a-purchase">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-smart-reasons-to-pay-your-credit-card-bill-before-its-due">6 Smart Reasons to Pay Your Credit Card Bill Before It&#039;s Due</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/never-use-cash-for-these-11-things">Never Use Cash for These 11 Things</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-debit-cards-as-safe-as-credit-cards">Debit Cards vs. Credit Cards: Fees and Fraud Protection</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-things-you-might-miss-in-your-credit-cards-fine-print">6 Things You Might Miss in Your Credit Card&#039;s Fine Print</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-reasons-cash-back-is-better-than-travel-rewards">6 Reasons Cash Back Is Better Than Travel Rewards</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Credit Cards billing period buying due dates interest payments shopping Fri, 25 Aug 2017 08:30:06 +0000 Jason Steele 2009179 at http://www.wisebread.com Pay with a Selfie: How Safe Are the New Ways to Pay? http://www.wisebread.com/bots-chips-and-selfies-how-safe-are-the-new-ways-to-pay <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/bots-chips-and-selfies-how-safe-are-the-new-ways-to-pay" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-512291874.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>In 2016, more than half of all <a href="https://consumerist.com/2016/06/08/ups-survey-online-shopping-has-surpassed-in-store-buying-for-the-first-time/" target="_blank">purchases in the U.S.</a> were made online instead of at a brick-and-mortar store. From selfie-payments to Facebook Messenger bots, there is now a long list of unusual ways that you can pay the water bill or complete your grocery run for the week.</p> <p>But how safe are these new ways to pay? Let's take a closer look at how some of these new payment methods work, and what you can do to make them even safer.</p> <h2>1. Facebook Messenger Bots</h2> <p>Colorado-based <em>fintech </em>company BillHero was the first to leverage a Facebook Messenger chat bot to pay bills via chat commands. Later on in September 2016, Facebook enabled all of the 34,000 plus developers on the platform to support payments. The social media giant is working with several players in the credit card industry and fintech, including Visa and Braintree, to process all types of payment options.</p> <p>By opening the gates, Facebook allowed U.S. customers to complete a wide range of other transactions and purchases on Facebook Messenger. In a nutshell: The chat bot lets you know about a product that you might be interested in, and provides a &quot;buy now&quot; button. When you click it, it takes you to a checkout screen with your shipping information and payment method for you to review. Boom! Just like that, you're ready to pay.</p> <h3>But Is It Safe?<strong> </strong></h3> <p>Well, Facebook Messenger payment bots are covered by the same level of security as all other Facebook products. All transactions using a Facebook chat bot are encrypted or processed through a trusted third-party payment processor, such as PayPal or Stripe, to protect your payment information, such as your card number or CVV. Also, transaction confirmations from a bot will restrict your information, such as only showing the last four digits of your credit card number.</p> <h3>How to Make It Safer</h3> <p>Your first line of defense starts with your Facebook password. Facebook recommends building a password that has at least six characters and is a complex combination of numbers, letters, and punctuation marks. When a password isn't strong enough, the app will let you know. Also, make your Facebook password different from those you use for your online banking, investing, or retirement savings accounts. (See also: <a href="http://www.wisebread.com/3-sneaky-ways-identity-thieves-can-access-your-data?ref=seealso" target="_blank">3 Sneaky Ways Identity Thieves Can Access Your Data</a>)</p> <p>A second tactic is to <a href="https://www.facebook.com/help/162968940433354?helpref=faq_content" target="_blank">turn on login alerts</a> so that you receive an automated alert when someone tries logging in to your Facebook account from an unrecognized device or browser. A third is to <a href="https://www.facebook.com/help/610199629080802?helpref=faq_content" target="_blank">require a password or PIN</a> whenever sending money or making payments in Facebook Messenger.</p> <h2>2. MasterCard Selfie Payments</h2> <p>Speaking of passwords, MasterCard believes that they cause too much hassle and presents the option to pay with a selfie. The &quot;selfie pay&quot; technology was first tested in the Netherlands, the U.S., and Canada and will be rolled out gradually across the world throughout 2017.</p> <p>Through a smartphone app, shoppers can confirm a purchase by taking a selfie and letting the facial recognition software verify their identity. According to MasterCard, 71% of users rated &quot;selfie pay&quot; highly during trials.</p> <h3>But Is It Safe?<strong> </strong></h3> <p>To prevent somebody from just holding up a picture of you and getting away with a $1,000 shopping spree, the app requires you to snap the picture after you blink or shake your head. Then, the app compares the selfie with stored algorithms of your face to identify you. During the trials, 73% of users believed that &quot;selfie pay&quot; will reduce fraud and 90% of them would use it in the future.</p> <h3>How to Make It Safer</h3> <p>Since &quot;selfie pay&quot; is still in the process of being rolled out, there's little that we can do as of right now. If taking selfies isn't your cup of tea, MasterCard also plans to provide a fingerprint confirmation option with the app and is currently testing voice and cardiac rhythm recognition.</p> <h2>3. Amazon Dash Buttons</h2> <p>Connected to your home's Wi-Fi, the <a href="http://amzn.to/2iTpixh" target="_blank">Amazon Dash Button</a> allows you to reorder many of your favorite products with a simple click. To set up each Amazon Dash Button, you'll need to download the Amazon app on your Android or Apple device, connect the Dash Button to Bluetooth, and also enter your Wi-Fi information. Some Dash Buttons don't support Bluetooth connection, and use your smartphone's Wi-Fi connection or speakers instead.</p> <p>Currently, the button is only available for Amazon Prime members, costs $4.99, and provides you with a $4.99 credit after your first order. There are hundreds of products to choose from including Charmin, Doritos, Greenies Dog Treats, and Red Bull! Once you click the button, an indicator light will turn green when your order is successfully placed, or red if there was a problem.</p> <h3>But Is It Safe?<strong> </strong></h3> <p>A device that connects seamlessly to your Wi-Fi, smartphone, and Amazon account &mdash; what could go wrong? While there are plenty of folks that have hacked their own button to do anything from <a href="https://medium.com/@ecaron/why-i-stopped-hacking-the-amazon-dash-button-and-learned-to-solder-84386a38bbd1#.wmcfdj5do" target="_blank">turning on lamps remotely</a> to <a href="https://medium.com/@brody_berson/hacking-amazon-s-5-dash-button-to-order-domino-s-pizza-9d19c9d04646#.j6d2iycep" target="_blank">ordering pizza</a> with one click, there are currently no reports of malicious hackers tapping into another person's Amazon Dash Buttons.</p> <h3>How to Make It Safer</h3> <p>Turn on the &quot;order protection&quot; feature on your Dash Button to prevent a new order from being placed until your prior order is delivered. This way you can prevent your spouse or son from tripling an order of detergent on the same day.</p> <p>Consider turning on the email notifications of your Amazon orders so that you can cancel any orders that you don't recognize.</p> <p>And it should go without saying, but set a strong password for your Wi-Fi and update that password at least once a year.</p> <h2>4. Chip Cards</h2> <p>No other new form of payment has generated more discontent from American consumers. From the confusion about swiping or inserting, to the awkward conversation with cashiers while waiting for your card to be processed, there is a list of reasons these metallic chips are considered an annoyance by many.</p> <p>However, the reality is that chip cards are far from being a new way to pay. They have been reducing fraud in over 130 nations around the world for several years. So, the U.S. is just playing catch-up. As of April 2016, Visa had issued <a href="http://www.usatoday.com/story/money/2016/04/19/some-major-merchants-see-dip-counterfeit-fraud-thanks-chip-cards-visa-says/83194722/" target="_blank">roughly 265 million</a> U.S. chip-enabled credit and debit cards, and MasterCard had upgraded about 70% of its U.S. debit and credit cards to the chip format.</p> <h3>But Is It Safe?<strong> </strong></h3> <p>The evidence clearly indicates that chip-enabled cards reduce fraud. Visa has reported that among the U.S. merchants who were suffering the most instances of card fraud at the end of 2014, those that began accepting chip debit and credit cards saw instances of card fraud fall 18.3% as of the fourth quarter of 2015. On the other hand, some of the U.S. merchants who opted not to upgrade payment terminals to process chip cards experienced an increase in instances of card fraud of 11.4% for the same period. (See also: <a href="http://www.wisebread.com/4-ways-chip-credit-cards-make-life-easier?ref=seealso" target="_blank">4 Ways Chip Credit Cards Make Life Easier</a>)</p> <h3>How to Make It Safer</h3> <p>Simple: Opt to use your chip-enabled cards over those without a chip, and choose merchants with chip-enabled payment terminals over those who are still holding out. As with everything else, strength comes in numbers. Only when chip cards have become the norm across the nation can we all reap the enhanced security benefits of chip technology.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/damian-davila">Damian Davila</a> of <a href="http://www.wisebread.com/bots-chips-and-selfies-how-safe-are-the-new-ways-to-pay">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-apps-that-monitor-your-credit-for-you">7 Apps That Monitor Your Credit for You</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/your-ssn-can-now-be-accurately-guessed-using-date-and-place-of-birth">Your SSN Can Now Be Accurately Guessed Using Date and Place of Birth</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/everyones-using-spare-change-apps-are-they-really-worth-it">Everyone&#039;s Using Spare Change Apps — Are They Really Worth It?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/these-apps-turn-saving-money-into-a-game-are-they-worth-it">These Apps Turn Saving Money Into a Game — Are They Worth It?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-surprising-ways-your-smartphone-can-keep-you-and-your-family-safe">6 Surprising Ways Your Smartphone Can Keep You and Your Family Safe</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Technology Amazon apps bots buying chip cards Facebook fraud payment methods safety selfie Fri, 17 Feb 2017 10:31:16 +0000 Damian Davila 1890386 at http://www.wisebread.com This Creative Shopping Strategy Could Save You Tons http://www.wisebread.com/this-creative-shopping-strategy-could-save-you-tons <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/this-creative-shopping-strategy-could-save-you-tons" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_shopping_happy_96929491.jpg" alt="Woman using creative shopping strategy to save her tons" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>We see something we really like. We buy it. We use it (or don't). We move on.</p> <p>For most of us, this is how shopping works. But what if there was a step that could change the way we all shop? What if you see something you like, but put it back and keep a running total of your &quot;non-purchases?&quot; Could this technique be the path to saving money, and feeling happy?</p> <p>Let's examine it more closely.</p> <h2>Keep a Running List of Things You Wanted to Buy, But Didn't</h2> <p>It's a technique developed by <a href="http://www.swiss-miss.com/2016/08/things-i-didnt-buy.html">Tina Roth Eisenberg</a> over at <em>Swiss Miss</em>, although it's an idea many people may have had over the years. Instead of just keeping track of your purchases, you also keep track of the things you almost bought, but didn't.</p> <p>It's been described as something of a cathartic technique. We all succumb to impulse purchases, or see deals that we just <em>have</em> to have at that moment. But instead of giving in to those quick decisions, this approach makes you take a step back, think, and reconsider. And most of the time, it ends up being a purchase you decide you don't actually need.</p> <h2>How to Avoid Buying Those Items</h2> <p>First and foremost, you have to approach every purchase with the &quot;want vs. need&quot; mindset. Clearly, as you make a shopping list, you know exactly what you need, from bread and milk, to cleaning products and kitchen utensils. But when you hit the store, you can get sucked in by clearance signs, special offers, and BOGO deals that can really add up.</p> <p>So, before buying anything, look at it and ask &quot;Do I need it, or want it?&quot; Most of the time, you'll know instantly if it's something you really need, or just want because it's on sale, or it's cool, or it's an impulse decision.</p> <p>Get into the habit of taking things out of your basket or cart before reaching the checkout. Look through it, and ask the same question &mdash; &quot;Is this a want, or a need?&quot; Sometimes, the act of putting the item into the cart is enough to satiate your desire for it. Taking it back out again is easier than never putting it in the cart in the first place.</p> <p>When shopping online, go through the same process. Examine your shopping cart, and look at the prices. Is it worth it? Do you need it? Can you easily live without it? Why are you even considering this purchase? Is it retail therapy? If you're buying something just to feel good, think about how that money could be used on something better.</p> <p>Some online retailers, including Amazon, have made it very easy to buy something with just one click. You may find it helpful to remove that Buy It Now option from your account, and instead go through the extra steps to purchasing. This additional time is often all you need to re-evaluate the purchase, and turn it into a &quot;didn't buy.&quot;</p> <h2>How to Track Your Non-Spending</h2> <p>The easiest way to do this is in a spreadsheet, where you can pop in the name of the item, the price, and see a running total that can give you weekly, monthly, and annual totals.</p> <p>Of course, we don't all carry around tablets or laptops that we can whip out in the grocery store, so find simple ways to jot down your non-purchases, including:</p> <ul> <li>A note taking app on your smartphone</li> <li>A small pocketbook/pen that you carry whenever you shop</li> <li>A notepad besides your computer or tablet</li> <li>A voice recorder, or voice recording app</li> </ul> <p>Get into the habit of doing this every time you are about to pull the trigger on an item, but put it back on the shelf, or remove it from your online shopping cart.</p> <p>See also: <a href="http://www.wisebread.com/start-saving-more-with-this-one-simple-tool?ref=seealso">Start Saving More With This One Simple Tool</a></p> <p>If you want to go the extra mile, put a chart on the wall, perhaps near the garage door or entrance, showing how much you didn't spend on stuff over the weeks and months. That running total can give you an incredible feeling of satisfaction, knowing you saved over $200 in one month by not buying stuff you really didn't need.</p> <h2>Why Does This Work?</h2> <p>Well, there is plenty of evidence online that explains the psychology behind impulse purchases, wanting expensive new things, and believing that stuff equals happiness. However, there is very little out there to suggest why this new technique works. But, after explaining it to a focus group including working moms, stay-at-home parents, Millennials, and people with a lot of disposable income, there seem to be some common threads explaining why this works so well.</p> <h3>1. Instant Gratification</h3> <p>There is something very empowering about seeing money go back into your pocket, instantly. Even though you haven't actually spent that money yet, when you remove it from the cart and add that money to your &quot;didn't buy&quot; running total, you have immediately saved money. You're paying yourself, without actually doing anything with the money.</p> <h3>2. A Sense of Accomplishment</h3> <p>By examining your purchases, and then making a determined effort to remove unnecessary items from the cart, you have exercised willpower. That, in itself, can give anyone a feeling of accomplishment. When you add to that the actual monetary amounts saved by avoiding the purchase, it further compounds the feeling.</p> <h3>3. Visual Stimulation and Encouragement</h3> <p>By charting the purchases you didn't make, and the money saved, you can see at a glance how much extra money you have in your pocket at the end of each week. This kind of visual graphing works well for paying down debt, or adding money into a savings account, and is just as powerful here. Although it's money that was not actually put into savings, or earned, it is still a great way to show your progress.</p> <h3>4. It Exorcises the Shopping Demons</h3> <p>This one came up a lot. By putting the item into your cart, and then removing it, you are doing something close to buying the item. You have considered it. You have, in many cases, touched it and tried it out. You have almost owned it, and felt that ownership. That can be enough to satiate the desire for the product, and putting it back actually gives you a sense of relief. You had it, but you didn't pay for it.</p> <p>So, what are you waiting for? Give this technique a try, and let us know how you get on. What did you save over the week, or month? Did you realize why this specific technique works, or doesn't, for you?</p> <p><em>Can you think of any other similar strategies that will save money?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/this-creative-shopping-strategy-could-save-you-tons">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-convince-a-store-clerk-to-give-you-a-deal">6 Ways to Convince a Store Clerk to Give You a Deal</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/21-times-spending-more-will-save-you-money">21 Times Spending More Will Save You Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-how-to-get-a-sale-price-match-at-16-popular-stores">Here&#039;s How to Get a Sale Price-Match at 16 Popular Stores</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-you-spending-too-much-on-halloween-this-year">Are You Spending Too Much on Halloween This Year?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-smart-shopping-reminders-that-will-save-you-big">6 Smart Shopping Reminders That Will Save You Big</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping buying instant gratification lists psychology saving money spending strategy techniques Fri, 09 Sep 2016 09:00:08 +0000 Paul Michael 1788932 at http://www.wisebread.com 6 Smart Shopping Reminders That Will Save You Big http://www.wisebread.com/6-smart-shopping-reminders-that-will-save-you-big <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-smart-shopping-reminders-that-will-save-you-big" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_smiling_shopping_96557647.jpg" alt="Woman becoming smartest shopper ever" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When you're tempted to splurge on something you don't need, what's your decision-making process? Do you let emotion determine whether you head to the check-out counter, or do you rationally consider the financial pros and cons? Do you even have a strategy? If the answer is no, don't panic. Lucky for you we've compiled a comprehensive list of questions to ask before pulling the trigger on any splurge-y&nbsp;purchase. Read on and smarten up!</p> <h2>1. Shopping Can Be More Satisfying Than the Purchase Itself</h2> <p>Buyer's remorse is the slyest devil of them all. At first you're beaming about your new pair of designer jeans. But will you feel the same way a month out when the high of the buy wears off? Research shows that the flood of happiness we feel when we make a purchase peaks at the check-out counter and then slowly starts to dwindle. Indeed, it's the experience of shopping that satisfies us &mdash; not the purchase itself.</p> <p>&quot;Thinking about acquisition provides <a href="http://jcr.oxfordjournals.org/content/40/1/1">momentary happiness boosts</a> to materialistic people, and because they tend to think about acquisition a lot, such thoughts have the potential to provide frequent mood boosts,&quot; said Marsha L. Richins, author of the research paper, <em>When Wanting Is Better Than Having</em>. &quot;But the positive emotions associated with acquisition are short-lived. Although materialists still experience positive emotions after making a purchase, these emotions are less intense than before they actually acquire a product.&quot;</p> <h2>2. Shopping to Cure Sadness Only Makes Us Sadder</h2> <p>Retail therapy is a term used so flippantly that it can be difficult to take seriously. Yet studies show that when we're feeling sad or grieving, we tend to compensate with compulsive shopping. As it turns out, shopping can seem to fill an emotional void while really only serving to dig it deeper. In truth, shopping to curb that feeling of loneliness actually <a href="http://www.cnbc.com/id/100962304">makes us feel lonelier</a>. Take this sage advice: If you're going through a breakup, battling depression, grieving the death of a loved one, or otherwise feeling alone and blue, take a pause from recreational shopping until you've addressed your emotional state.</p> <h2>3. Just Because It's a Good Deal Doesn't Mean It's a Good Deal for You</h2> <p>The price tag on that gorgeous wicker chair very well may be a steal &mdash; but is it truly a good deal for <em>you</em>? For instance, maybe you already have a perfectly fine chair in the living room, and this one, though newer and nicer, would nonetheless qualify as an unnecessary purchase. If you weren't planning on buying a wicker chair until the good deal came along, then you're running the <a href="http://www.wisebread.com/11-budgeting-skills-everyone-should-master" target="_blank">risk of throwing your money away</a> on something you simply don't need. And that's not a good deal at all.</p> <h2>4. Don't Buy It If You Can't Afford It</h2> <p>It's simple advice. It's also crucial. If you can't afford to take the financial hit, put away that wallet. And if it's a stretch but you think you can swing it, take a moment to consider all the possible future unknowns. If you lose your job, or your spouse does, or some other unforeseen circumstance dramatically shifts your financial situation, will you look back on this purchase with regret?</p> <h2>5. Don't Buy It if It Will Derail Your Financial Goals</h2> <p>Maybe you're saving for college. Or a down payment on a new car. How will this purchase influence the savings goals that you've set for yourself? If buying that new sofa is going to derail your plans to save up enough money for a down payment on the house where you want to put the sofa, consider pumping the breaks. Take it one financial goal at a time. And remember: Your financial habits today determine your future financial health.</p> <h2>6. Consider the Hidden Costs</h2> <p>As with boats, in-ground pools, and motorcycles, there are purchases that require future funding not specified on the price tag. Boats, for example, need fuel, winter storage, and almost constant maintenance. And you can't operate a backyard swimming oasis without investing in at least the basic accessories, such as a pool cover and cleaning tools and treatments. Whatever the purchase you're considering, does it have any financial strings attached &mdash; and if so, can you afford them?</p> <p><em>What do you quietly tell yourself to help you curb the urge to spend?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/6-smart-shopping-reminders-that-will-save-you-big">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-how-to-get-a-sale-price-match-at-16-popular-stores">Here&#039;s How to Get a Sale Price-Match at 16 Popular Stores</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-convince-a-store-clerk-to-give-you-a-deal">6 Ways to Convince a Store Clerk to Give You a Deal</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/retail-therapy-the-benefits-of-shopping">Retail Therapy: The Benefits of Shopping</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/this-creative-shopping-strategy-could-save-you-tons">This Creative Shopping Strategy Could Save You Tons</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-cutting-your-losses-can-save-you-more-than-money">How Cutting Your Losses Can Save You More Than Money</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping buying emotional spending happiness materialism reminders retail therapy saving money smart buys Thu, 28 Jul 2016 10:00:16 +0000 Brittany Lyte 1757848 at http://www.wisebread.com 6 Ways to Convince a Store Clerk to Give You a Deal http://www.wisebread.com/6-ways-to-convince-a-store-clerk-to-give-you-a-deal <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-ways-to-convince-a-store-clerk-to-give-you-a-deal" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_shopping_bag_83996573.jpg" alt="Woman finding ways to convince store clerk to give her a deal" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The time and effort required to &quot;extreme coupon&quot; is something that many of us&nbsp;<a href="http://www.wisebread.com/extreme-couponing-5-reasons-why-i-ll-pass">would rather pass on</a>. Instead, learn the right questions to ask store employees to score the best deal possible. Sometimes they'll pass along an exclusive coupon, and sometimes they'll drop clues on the best day of the week to shop, or the products they can mark down for you. By knowing the right questions to ask, you can easily maximize your savings on your next shopping trip. Here's what you need to know.</p> <h2>1. Ask About Markdown Days</h2> <p>Most retailers, both small and large, have specific days of the week when they do their internal store markdowns. Whether it's adding new items to the clearance section, or reducing the price on already reduced clearance products, if you know the &quot;markdown&quot; day, you can shop when the selection is the greatest and actually save some money. Alternatively, if you shop on the day before they do their markdowns, you'll find the clearance section picked over and will offer little of value. Avoid that day if you can by asking when the store does their markdowns.</p> <p>For example, a Macy's employee told me to shop on a Tuesday as they have all their markdowns done by then. Also, if you're a Kohl's shopper, I was told to shop on the 2nd and 4th Saturday every month. The bottom-line is to have the conversation at your favorite store as the information can really help you shop when the clearance section is stacked with fresh deals. I have found that most employees are very open to share this information if you have a friendly chat with them.</p> <h2>2. Ask About Floor Models and Imperfect Items</h2> <p>When I worked at The Home Depot, floor employees were given the authority to markdown imperfect items, scratch and dents, and floor models in order to clear them out of the store quickly. This included marking down damaged packaging that did not affect the quality of the actual product.</p> <p>I can remember having regular customers who would ask me specifically if we had any such items that they could get a deal on. I'd then happily point to them the products I could mark down for them and they often got stuff for 25%&ndash;30% off the original retail price. Start asking employees at stores like The Home Depot, Lowe's, Best Buy, and Walmart about deals on floor items and imperfect stuff. If you can't find any specific items to <a href="http://www.wisebread.com/11-retailers-where-you-can-negotiate-a-lower-price">ask for a discount</a>, then just ask an employee, &quot;Do you have any screaming deals on floor models or scratch and dents?&quot; Then just follow them to the real deals in the store.</p> <h2>3. Ask for a Coupon</h2> <p>Many retailers arm their employees with special coupons and discounts to freely hand out to customers in an effort to build store loyalty and goodwill. So if you're shopping in-store, and you can't find a coupon via your smartphone, start a polite conversation with an employee and ask if they might have a coupon to use. You have absolutely nothing to lose and significant savings to gain. JCPenney, Macy's, Old Navy, Bed Bath &amp; Beyond, and Cost Plus are a few of the stores where this has been known to work effectively.</p> <h2>4. Expired Coupon? Use It Anyway</h2> <p>Have you ever been on a shopping trip and pulled a coupon out of your purse or wallet only to realize it expired last week? For a frugal shopper, it can be a sickening feeling. Next time this happens, still try to use the expired coupon as often the cashier will say, &quot;Oh sorry, this one is expired. But I have one here by the register that you can use.&quot; They'll then scan it for you and you'll save some cash. Stores where I have used this strategy successfully include Bed Bath &amp; Beyond, Michaels, Jo-Ann Fabric, Dick's Sporting Goods, and Harbor Freight Tools.</p> <h2>5. Find Out Which Items You Can Negotiate</h2> <p>It's no secret that retailers have certain products that offer a larger profit margin than others. I recently had a Best Buy employee tell me that products with a bigger profit margin are the items they can negotiate a lower price on. He went on to say that high-end TVs often have more wiggle room in price than those in the $250&ndash;$500 range.</p> <p>Use this information to your advantage and try to politely negotiate a lower price on higher end electronics. If you're worried about looking cheap, try the &quot;bundling&quot; technique. This is when you bundle a TV with a Blu-ray player and ask for a 15% discount if you buy both on the spot. This will also often work at big-box home improvement stores. Think things like a lawn mower purchased with a weed eater, or chain saw with a carrying case and new chain.</p> <h2>6. Ask About Upcoming Sales</h2> <p>When I worked retail, I always had some insider knowledge on upcoming sales events or exclusive coupons and rebates. Most floor employees at big-box retailers have an idea of when prices will probably get better. So ask them when they recommend you should buy to maximize your savings. They'll often tell you to come back on a specific day or weekend as everything will be on sale or when there will be a great coupon available. In either case, just by asking, you can easily get some insider knowledge that'll save you some money.</p> <p><em>What outside-the-box tricks do you use to score a great deal?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kyle-james">Kyle James</a> of <a href="http://www.wisebread.com/6-ways-to-convince-a-store-clerk-to-give-you-a-deal">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-times-coupons-trick-you-into-spending-more-money">5 Times Coupons Trick You Into Spending More Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-coupon-rules-that-stores-let-you-break">4 Coupon Rules That Stores Let You Break</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-genius-ways-to-save-on-cyber-monday">6 Genius Ways to Save on Cyber Monday</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-6-shopping-mistakes-keeping-you-from-a-great-deal">The 6 Shopping Mistakes Keeping You From a Great Deal</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-smart-ways-to-save-money-this-year-without-clipping-a-coupon">6 Smart Ways to Save Money This Year (Without Clipping a Coupon)</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping bargains buying coupons discounts negotiating retail saving money strategy Mon, 20 Jun 2016 09:30:20 +0000 Kyle James 1732053 at http://www.wisebread.com Here's Why Your Parents Could Buy a Home While You Still Rent http://www.wisebread.com/heres-why-your-parents-could-buy-a-home-while-you-still-rent <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/heres-why-your-parents-could-buy-a-home-while-you-still-rent" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/older_married_couple_000014305685.jpg" alt="Learning why our parents can buy a home and we still rent" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>You pinch your pennies. You look for extra income. You're disciplined. And yet you can't get close to saving enough for a decent down payment on a house. It's especially frustrating because you know your parents somehow managed to buy their first home with very little trouble. Were the Baby Boomers just better than you? Or are there reasons why they could save up and you can't?</p> <p>It turns out there are some valid reasons why your folks could buy a home while you're still renting. Here's a look.</p> <h2>1. Houses Just Cost More</h2> <p>Even when you adjust for inflation, houses are more expensive than they used to be. The House-Price Index maintained by the Federal Housing Finance Agency is a tool that measures affordability, mortgage defaults, and mortgage prepayments, and it has more than tripled since 1980. The average home price, when adjusted for inflation, was $157,000 in 1980. Today, it's $180,000. (It peaked at nearly $230,000 in 2006.) Affordability is a truly, truly serious problem in many metropolitan areas, including San Francisco and New York.</p> <h2>2. There Are No New &quot;Levittowns&quot;</h2> <p>One key reason that homes cost more is because there hasn't been as much development of affordable and middle class housing. After World War II, there were many new housing developments with acres of simple, affordable homes designed for veterans and their families. Developments in Pennsylvania, New Jersey, and New York were named &quot;Levittown&quot; after developer William Levitt, and sold quickly. Many of today's Baby Boomers grew up in these homes or purchased them in the 1950s and 60s. These days, affordable housing is more scarce and new developments of simple homes aren't as plentiful.</p> <h2>3. You Have More &quot;Necessities&quot;</h2> <p>Think of all the things that you pay for that did not even exist 40 years ago, or that might have been viewed as luxuries. A computer. Internet access. A cell phone with monthly plan. Cable TV and/or a streaming service. You <em>could</em> live without these things, but they are increasingly seen as necessities that could add up to hundreds of dollars in expenses each month.</p> <h2>4. Student Loan Debt</h2> <p>Rest assured, your Baby Boomer parents did not come out of college with tens of thousands of dollars in student loan debt. But that's the reality for many young people today. College costs have been rising above the rate of inflation for years, and the Wall Street Journal reported that the average member of the Class of 2015 will have to pay back $35,000. That's money that you might still be paying back when you probably would prefer to be saving for a good down payment on a home. (See also: <a href="http://www.wisebread.com/should-you-refinance-your-student-loan?ref=seealso">Should You Refinance Your Student Loan?</a>)</p> <h2>5. Young People Can't Find Good Jobs</h2> <p>The Bureau of Labor Statistics reports that more than 12% of people between age 16 and 24 are unemployed. Among African-Americans, it's even worse, with one out of every five young people seeking work. If you can't find steady work at a young age, you can't begin saving. Combine that with student loan debt, and it's no wonder so many young people are behind the financial eight ball.</p> <h2>6. You Have to Save for Retirement</h2> <p>There's a good chance that your parents never put money into a 401K or Individual Retirement Account. That's because their employers were far more likely to offer a pension, or defined benefit retirement plan. The Social Security Administration reports that participation in pensions by workers in the private sector fell from 38% to 20% between 1980 and 2008. Baby Boomers are also more likely than Millennials to believe that Social Security payments will be around when they retire. If you feel like you need to set aside money for your own retirement, that's money that can't go toward saving for a home.</p> <h2>7. Incomes Haven't Been Growing</h2> <p>One of the more troubling signs in the economy in recent years is that people aren't being paid more as years go by. The Economic Policy Institute reports that the economy should be producing wage growth of between 3.5% and 4%, but that growth has been stuck at about 2.3% for almost a decade. Fortunately, inflation has been quite low, but there's no question that people aren't getting the type of salary and wage increases Baby Boomers became accustomed to.</p> <p><em>Sound familiar? What's keeping you from purchasing a home?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/heres-why-your-parents-could-buy-a-home-while-you-still-rent">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/self-employed-heres-how-to-get-your-apartment-application-approved">Self-Employed? Here&#039;s How to Get Your Apartment Application Approved</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-questions-landlords-cant-ask">10 Questions Landlords Can&#039;t Ask</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/rent-your-home-or-buy-heres-how-to-decide">Rent Your Home or Buy? Here&#039;s How to Decide</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-simple-way-to-decide-how-much-rent-you-can-really-afford">The Simple Way to Decide How Much Rent You Can Really Afford</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-questions-to-ask-before-signing-a-lease">10 Questions to Ask Before Signing a Lease</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Real Estate and Housing baby boomers buying renting saving Wed, 30 Dec 2015 12:00:03 +0000 Tim Lemke 1626818 at http://www.wisebread.com 10 Things You Should Always Buy and Sell on eBay http://www.wisebread.com/10-things-you-should-always-buy-and-sell-on-ebay <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/10-things-you-should-always-buy-and-sell-on-ebay" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_shoe_collection_000039290234.jpg" alt="Woman discovering what should buy and sell on eBay" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>There's no doubt that eBay has become a go-to place for anyone looking for a deal. But whether using traditional auctions, or the more popular Buy It Now option, what should you be going to eBay for first? And, what should you be <a href="http://www.wisebread.com/6-weird-things-to-sell-on-ebay-for-extra-cash">selling on eBay</a> to ensure you get the most money for your items?</p> <h2>What to Buy on eBay</h2> <p>For all this stuff, eBay is the place to shop.</p> <h3>1. Personalized Items</h3> <p>Back in the day, a personalized item (whether for yourself, or as a gift for a friend or loved one) was something that cost quite a bit of money. Nowadays, thanks to eBay and international sellers, you can get some truly awesome items for a fraction of what you would expect. I recently used eBay to find a Ghostbusters nametag for my Halloween outfit this year, finding someone willing to custom embroider my last name, in the exact font and colors used in the movie, for $10 including shipping. I was astonished &mdash; it was great quality, too. I've ordered nameplates, shirts, hats, monogrammed pens, and so many other items for almost the same cost as it would be without the personalization.</p> <h3>2. Anything Vintage, Rare, or Hard to Find</h3> <p>If you can think of it, you'll probably find it on eBay. If you're into Star Trek comics from the '80s, or souvenirs from Alcatraz, there will be someone out there on eBay selling it &mdash; it's why I always go to eBay first when I'm looking for something nostalgic. I've found old TV shows that regular stores won't carry, original Xbox games, action figures from my childhood, and crazy shirts and suits from the 1960s. The best thing about eBay is that you can shop for all of these items in one place, add them to your cart, and do one checkout. Your payment will be sent to the multiple sellers separately.</p> <h3>3. Used and Refurbished Tools</h3> <p>Great tools can be very expensive. Of course, cheap tools may save you money in the short term, but they will break, or worse, cause an injury. But, you don't have to go to the hardware stores and pay top dollar for top tools. The selection you'll find on eBay will stagger you, and will always come in cheaper than those you'll find in stores near you. From power drills and sanders, to wrenches and garden tools, eBay has everything you want &mdash; most of the time with free shipping. Just don't wait until the last minute to order something.</p> <h3>4. Jewelry</h3> <p>Provided you know your size (and many places online will let you <a href="http://images.zales.com/images/popups/zales_ringsizer.pdf">download a sizing chart</a> for free anyway), you can get some insane deals on all kinds of jewelry, from high-end valuables, to $10 rings and necklaces. The selection available on eBay will dwarf anything at a brick-and-mortar jeweler, and you can benefit from eBay's buyer guarantees. I have a bunch of very large, intricate skull rings that I found on eBay for between $10 and $20 apiece. They all came with free shipping, and are made of surgical steel. Would I have liked silver? Maybe, but they look exactly the same and cost 10 times less. I get comments on them all the time, and when people ask which store I got them from, I always say eBay. Most people seem surprised.</p> <h3>5. Automotive Parts</h3> <p>Make no mistake, if you are looking for parts to replace the broken ones in your car or truck, the last place you want to get them is the dealership or specialist supply store. In every case (unless someone would like to prove otherwise), you are going to be paying significant markups, as these places have to support a large staff, building costs, and all the other overhead. When you shop on eBay, you have access to hundreds and thousands of parts from both licensed sellers, hobbyists, and people who find parts at wrecking yards. As always, you'll be protected by a guarantee from eBay, so if the part is not exactly as described, you can get your money back. Just remember, if it's a used part, you want to inspect it very carefully before having it installed.</p> <h2>What to Sell on eBay</h2> <p>For the most part, if you want to be rid of it, someone else wants to buy it.</p> <h3>6. Your Good Quality Shoes and Clothing</h3> <p>When the time comes to clear out the closet in spring or fall, most of us take those clothes and shoes to the local thrift stores. Not so fast. Take a look through your pile and see what you have.</p> <p>Any high-end name brand clothing and footwear in good condition can earn you a significant amount of money on eBay. An old track jacket that you don't like, or have outgrown, can earn almost all of its money back. Sometimes, you can make more than you paid for it, if the item was a limited edition, or was worn by someone famous in a show or movie. A case in point&hellip;the Black Sabbath T-shirt that Tony Stark wore in <a href="http://www.amazon.com/Marvels-Avengers-Two-Disc-Blu-ray-Packaging/dp/B0083SBJXS">The Avengers</a>. Before the movie came out, it was a $5 tee. After, people were paying big money for it, until the stores caught on and issued a reprint. So, next time you clean out the closet, make two piles &mdash; one for thrift, the other for eBay.</p> <h3>7. Fabrics, Curtains, and Sheets</h3> <p>Mark this one down as another category that most of us think is worthless. Or, at least not worth the hassle of selling. Actually, you'd be surprised. In particular, old curtains that may not suit your current décor could be highly prized by someone theming out their apartment or office, particularly if they have a very distinctive or &quot;dated&quot; pattern. What is out of style to some is very chic to others.</p> <p>The same goes for sheets, duvet covers, pillowcases, and all those fabric remnants that you have left over from craft projects. You can even sell fabric and upholstery scraps, and I mean the smallest off-cuts. Right now, a pound of leather scraps can sell for $20 including shipping; that's $20 you were about to throw in the trash.</p> <h3>8. Legos</h3> <p>It doesn't matter if you have a complete set, a set missing a few pieces, or a random bucket of assorted Lego bricks &mdash; they will all sell quickly on eBay. And, you may be surprised at how much money you can get. I recently found a Lego Star Wars Imperial Destroyer at my local thrift store for $10. It was still in the box, but was clearly not all there. After doing a count, over 30 pieces were missing. I figured I'd throw it on eBay to see what happened, and it sold for over $100. Some of the figures from these sets can sell for $5&ndash;$10 each!</p> <p>What you have to remember with Lego is that the pieces you have may complete sets other people desperately want to build, and they will pay for it. Lego is also expensive to buy new, and that will never change. So, grab your Lego pieces and bag them up. You can sell them by the pound.</p> <h3>9. Anything Collectible</h3> <p>Whether it's rare baseball cards, signed hockey jerseys, vintage vinyl, or a prototype of an Apple computer from Steve Wozniak's garage, these items will fare way better from the auction-style listings on eBay than a fixed priced listing on Craigslist, or even a garage sale. You also have the chance to reach a worldwide audience, which makes the bidding war international. Something you may have gotten $50&ndash;$100 for may get you ten times that amount on eBay, if you find the right buyer at the right time.</p> <p>A prime example of this is the vintage Denver Nuggets jersey I recently sold on eBay. I was planning to list it for $25 on Craigslist, but instead I started it at $15 on eBay. It was a risk, since I could have gotten $10 less than I wanted. In the end, I got $162 for that jersey. Even after eBay takes their percentage, it's still a much better deal.</p> <h3>10. Cell Phones, Tablets, and Other Tech</h3> <p>When you replace your cell phone, you may be tempted to do a trade-in deal. Don't do it. You will get a rock bottom price for it from the store, because they plan to sell it for a profit. Instead, gather all of the accessories, the charger, and hopefully the original box, and sell it on eBay. The thing that attracts people to used smartphones is that they are not tied to a contract. With a little digging, you may also be able to unlock your phone first, making it suitable for any carrier. A phone you may have gotten $50 for from a store could sell for over $200 on eBay, and it's as simple as taking a few photos and creating a listing.</p> <p>The same thing applies to tablets, smart watches, laptops, and other technology. Even old, broken, and irreparable technology will sell, as it can be dismantled for parts. Do not simply throw these things out until you have first searched eBay for current prices.</p> <p><em>What items have you bought or sold on eBay?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/10-things-you-should-always-buy-and-sell-on-ebay">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-easy-ways-to-earn-more-on-ebay">11 Easy Ways to Earn More on eBay</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/clear-out-that-clutter-15-places-to-sell-your-stuff">Clear Out That Clutter: 15 Places to Sell Your Stuff</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-weird-things-to-sell-on-ebay-for-extra-cash">6 Weird Things to Sell on eBay for Extra Cash</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/craigslist-vs-ebay-where-to-sell-10-common-items">Craigslist vs. eBay: Where to Sell 10 Common Items</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-totally-free-things-you-can-sell-on-ebay">8 Totally Free Things You Can Sell on eBay</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income Shopping buying eBay online auctions selling Wed, 29 Jul 2015 11:00:20 +0000 Paul Michael 1500624 at http://www.wisebread.com Here's How to Get a Sale Price-Match at 16 Popular Stores http://www.wisebread.com/heres-how-to-get-a-sale-price-match-at-16-popular-stores <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/heres-how-to-get-a-sale-price-match-at-16-popular-stores" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_shopping_000047775914.jpg" alt="Woman getting price adjustments on her purchases" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>My family has been trying to save money these past few years by avoiding unnecessary purchases on everything from clothing to toys to electronics. There are times, though, when things break, clothes wear out, or we otherwise find ourselves heading to the store to fill a new need. Best case scenario in this event? Paying the lowest price possible. Over time, I've discovered a few tips and tricks that get us the <a href="http://www.wisebread.com/dont-pay-more-guide-to-price-matching-and-cheat-sheet">best price matching</a> and adjustments at a number of popular retailers.</p> <h2>1. Target</h2> <p>If you find a lower price on something you bought within seven days of purchase, you can take advantage of <a href="https://help.target.com/help/subcategoryarticle?childcat=Price+Match+Guarantee&amp;parentcat=Availability+%26+Pricing">Target's price-matching policy</a>. Just bring your receipt to guest services and proof of lower price (from places like Amazon, Walmart, Best Buy) via website or printed ad. Price adjustments may also be made before you buy. Note: Any purchases made online are exempt from Target's price-matching policy.</p> <h2>2. Walmart</h2> <p>I've searched Walmart's website for pricing and headed to the store only to find the item more expensive on the shelf. In this event, you can <a href="http://help.walmart.com/app/answers/detail/a_id/31">request a price match</a> in most U.S. states at the register. For other adjustments, bring proof of price to customer service and make sure the item is identical and in stock at the competing store. Walmart also offers its <a href="https://savingscatcher.walmart.com/">Savings Catcher</a> to compare your receipt with local competitor pricing. If there's an opportunity for you to save, you'll get the difference back on an eGift Card.</p> <h2>3. Macy's</h2> <p>Price adjustment requests can be made within 14 days at <a href="https://customerservice.macys.com/app/answers/detail/a_id/266/~/how-can-i-get-a-price-adjustment%3F">Macy's stores</a> nationwide. Money is refunded to your original form of payment, whether cash, debit, or credit. Price changes are only made if the original purchase was made without a coupon, and you must take your item(s) back to the store for the adjustment.</p> <h2>4. Nordstrom</h2> <p>Good news! If you find an item you just bought for less at a competitor's store, Nordstrom will meet that price provided it's the same color and size. Alternatively, if the same item you bought <a href="http://shop.nordstrom.com/c/pricing-policy">goes on sale</a> at a Nordstrom store within 14 days of your purchase, you can easily get the extra taken off your order by bringing your receipt to customer service.</p> <h2>5. GAP, Old Navy, Banana Republic</h2> <p>Keep your receipt to get a <a href="http://oldnavy.gapcanada.ca/customerService/info.do?cid=3317">one-time price adjustment</a> within 14 days of your purchase. Any items you bought using coupons, promotions, or other discounts (clearance, final sale, etc.) are not eligible for changes unless the promotion was free shipping. In addition, price adjustments for items sold online cannot be made in physical store locations.</p> <h2>6. J. Crew</h2> <p>Think fast, because J. Crew gives you just seven days from purchase to take advantage of its <a href="https://www.jcrew.com/help/returns_exchanges.jsp">one-time price adjustments</a>. Items must have been bought at their original prices (no clearance or final sale) and you'll need your receipt. The same policy stands with J. Crew's Factory outlets.</p> <h2>7. Lowe's</h2> <p>My husband and I recently bought a new refrigerator at Lowe's. I noticed it was $3 less at a local competitor, so I asked about the 10% <a href="http://www.lowes.com/cd_everyday+low+prices_787241445_">Price Match Guarantee</a>, and we ended up saving an additional $3 plus $120 on our purchase. The store gives customers a full 30 days to compare prices at local stores and websites &mdash; impressive. Just keep your receipt and bring proof of better pricing to customer service.</p> <h2>8. Home Depot</h2> <p>Not to be outdone, Home Depot offers similar 10% <a href="http://www.homedepot.com/c/SF_MS_In-Store_Low_Price_Guarantee">in-store price matching</a>. This policy, as it goes with many retailers, does not extend to &quot;discontinued, clearance, obsolete, seasonal, or distressed merchandise&quot; at competing stores. Online purchases earn the matching only, minus the additional percentage back.</p> <h2>9. Office Depot</h2> <p>For adjustments at Office Depot, just make sure the item you're requesting a change on is both new and identical at the store across town (or online). You can ask for <a href="http://www.officedepot.com/renderStaticPage.do?file=/customerservice/lowPrice.jsp">price matching</a> before purchase or within 14 days of receipt. The store will even match Amazon and Reliable, though third-party retailers are excluded from this policy.</p> <h2>10. Staples</h2> <p>Likewise, you can <a href="http://www.staples.com/sbd/content/help-center/pricing-and-promotions.html#10003_6">request price adjustments</a> at the time of sale or within 14 days of purchase at Staples stores. This policy excludes any local special events, like grand openings, anniversary sales, and liquidations. In the case of items with free versus paid shipping, Staples will match if both are on the same terms. However, if the store offers free shipping and the competitor's lower priced item does not, shipping charges will apply to the overall matching equation.</p> <h2>11. Toys &quot;R&quot; Us, Babies &quot;R&quot; Us</h2> <p>I bought my daughter a camera at Toys &quot;R&quot; Us earlier this year and was able to get it for the lower Amazon price by asking at customer service. The store's Price Match Guarantee is simple and straightforward. It's valid on in-store purchases only, limited to two items (if you're purchasing several identical toys), and the store's online prices are matched provided they aren't special &quot;online only&quot; promotions. Exclusions include Black Friday and Cyber Monday deals; clearance, closeouts, and flash sales; as well as any pricing that is low due to typographical errors.</p> <h2>12. Bed Bath &amp; Beyond</h2> <p>Any pricing that's lower at direct competitors or online retailers like Amazon will be honored at <a href="http://www.bedbathandbeyond.com/store/static/pricematch">Bed Bath &amp; Beyond stores</a>. This excludes club stores like Sam's Club, BJ's, etc., in addition to pricing that's low due to clearance, closeouts, or limited time quantities. Better yet, a manufacturer's coupon can be used in combination with the price match for even more savings.</p> <h2>13. Kohl's</h2> <p>To get an adjustment, <a href="https://cs.kohls.com/app/answers/detail/a_id/88/~/what-are-price-adjustments%3F">keep your receipt</a> for two weeks after buying anything (original price or sale) from Kohl's to see if the price is lowered. Items bought on Buy One, Get One (BOGO) are excluded from this offer. Kohl's also <a href="https://cs.kohls.com/app/answers/detail/a_id/90/related/1/session/L2F2LzEvdGltZS8xNDI4ODU0NjUwL3NpZC9LNER2b0hqbQ%3D%3D">matches competitor pricing</a> provided you provide a dated ad &mdash; in-store only &mdash; with identical merchandise.</p> <h2>14. Best Buy</h2> <p>Electronics behemoth Best Buy &quot;<a href="http://www.bestbuy.com/site/help-topics/price-match-guarantee/pcmcat297300050000.c?id=pcmcat297300050000">won't be beat on price</a>&quot; &mdash; so you know you can get a good deal. At the time of sale, the store will match local store and online pricing in addition to online retailers like Amazon, B&amp;H Photo Video, Crutchfield, Dell, HP, Newegg, and TigerDirect. Preordered or backordered an item? If its price drops, you will automatically get the lower price. You can also request price adjustments within 15 days of purchase with receipt.</p> <h2>15. Dick's Sporting Goods</h2> <p>I actually live in the town where Dick's Sporting Goods first opened its doors in the late 1940s. Their <a href="http://www.dickssportinggoods.com/shop/index.jsp?categoryId=20675246">Winning Price Guarantee</a> applies to identical items sold at local retail stores. Simply bring in the print or online ad to get the match at the time of sale. Exclusions to this policy include rebates, coupons, clearance, closeouts, BOGOs, and out-of-stock items.</p> <h2>16. Amazon</h2> <p>I had no idea that Amazon <a href="http://www.amazon.com/gp/help/customer/display.html?nodeId=201133150">offers price-matching</a>. But there's a catch; it's only on televisions and cell phones. All other items on this giant online store are exempt from the policy. Though there's no information about formal price adjustments on the site, I've found several personal accounts for <a href="http://www.onehundreddollarsamonth.com/how-to-get-a-price-adjustment-from-amazon/">how to get a deal</a>. The process involves signing into your Amazon account, clicking the help button, and then chatting with a representative about the change in price you've seen to get your refund. The blogger in the above scenario has only tried this approach within a week of purchase.</p> <p>In the end, I've learned that no matter what or where you're buying, it never hurts to ask about a retailer's price matching or adjustment policy. The worst answer you can get is &quot;no,&quot; and usually you'll be pleasantly surprised by the extra dollars you'll have left in your pocket. Every little bit counts!</p> <p><em>Do you regularly take advantage of retailer price-matches? What's the most you've ever saved?</em></p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fheres-how-to-get-a-sale-price-match-at-16-popular-stores&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FHeres%2520How%2520to%2520Get%2520a%2520Sale%2520Price%2520Match%2520at%252016%2520Popular%2520Stores.jpg&amp;description=Heres%20How%20to%20Get%20a%20Sale%20Price%20Match%20at%2016%20Popular%20Stores"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/Heres%20How%20to%20Get%20a%20Sale%20Price%20Match%20at%2016%20Popular%20Stores.jpg" alt="Here's How to Get a Sale Price-Match at 16 Popular Stores" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-marcin">Ashley Marcin</a> of <a href="http://www.wisebread.com/heres-how-to-get-a-sale-price-match-at-16-popular-stores">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-convince-a-store-clerk-to-give-you-a-deal">6 Ways to Convince a Store Clerk to Give You a Deal</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-price-match-policies-you-should-be-wary-of">8 Price Match Policies You Should Be Wary Of</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/this-creative-shopping-strategy-could-save-you-tons">This Creative Shopping Strategy Could Save You Tons</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-smart-shopping-reminders-that-will-save-you-big">6 Smart Shopping Reminders That Will Save You Big</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-stupid-shopping-mistakes-even-smart-people-make">10 Stupid Shopping Mistakes Even Smart People Make</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping buying price matching saving money Fri, 08 May 2015 15:00:09 +0000 Ashley Marcin 1410184 at http://www.wisebread.com Best Money Tips: Save Big on Buying in Bulk http://www.wisebread.com/best-money-tips-save-big-on-buying-in-bulk <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-save-big-on-buying-in-bulk" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/warehouse-shopping-459419001-small.jpg" alt="warehouse shopping" title="warehouse shopping" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some awesome articles on saving big on buying in bulk, easy ways to save more money, and steps for a fresh financial start this fall.</p> <h2>Top 5 Articles</h2> <p><a href="http://livingonthecheap.com/7-ways-to-save-big-by-buying-in-bulk/">7 Ways to Save Big on Buying in Bulk</a> &mdash; When buying in bulk, shopping based on per-unit pricing can help you save money. [Living on the Cheap]</p> <p><a href="https://www.mint.com/blog/planning/5-easy-ways-to-save-more-money-082514/">5 Easy Ways to Save More Money</a> &mdash; Automating your savings and prepping your meals for the week can save you big bucks. [MintLife Blog]</p> <p><a href="http://blog.morethanwheels.info/2014/08/13/6-steps-for-a-fresh-financial-start-this-fall/">6 Steps for a Fresh Financial Start This Fall</a> &mdash; This fall, updating your budget and writing down your goals can help you have a fresh financial start. [More Than Wheels]</p> <p><a href="http://moneysmartlife.com/time-planning-retirement/">Are You Spending Enough Time Planning Your Retirement?</a> &mdash; Have you performed a retirement needs assessment recently? [Money Smart Life]</p> <p><a href="http://canadianfinanceblog.com/5-ways-to-eat-healthier-and-save-money-on-food/">5 Ways to Eat Healthier and Save Money on Food</a> &mdash; Preserving your own food can help you eat healthier and save money. [Canadian Finance Blog]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.mainstreet.com/article/4-things-avoid-closing-house">4 Things to Avoid Before Closing on a House</a> &mdash; Before you close on a house, don't make any late payments. [MainStreet]</p> <p><a href="http://www.popsugar.com/smart-living/Uses-Pool-Noodles-35666149">23 Surprising Uses for Pool Noodles</a> &mdash; Did you know pool noodles can be used for quilt storage? [PopSugar Smart Living]</p> <p><a href="http://couponpal.com/blog/12-essential-dairyfree-meal-planning-resources">12 Essential Dairy-Free Meal Planning Resources</a> &mdash; The Fresh 20 and Milk Free Mom can help you plan out dairy-free meals. [CouponPal]</p> <p><a href="http://www.carefulcents.com/life-insurance-as-business-owner/">Life Insurance: What to Consider as a Self-Employed Business Owner</a> &mdash; When deciding whether or not to get life insurance, take into consideration your business structure. [Careful Cents]</p> <p><a href="http://parentingsquad.com/9-robin-williamss-classics-to-watch-with-your-kids">9 Robin Williams's Classics to Watch With Your Kids</a> &mdash; Take the time to watch Hook and Aladdin with your kids. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-save-big-on-buying-in-bulk">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-7-dumbest-big-purchases-people-make">The 7 Dumbest Big Purchases People Make</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/do-not-buy-something-just-because-you-can-afford-it">Do not buy something just because you can afford it</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-cookbooks-for-beginners">The 5 Best Cookbooks for Beginners</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-rain-jackets-for-women">The 5 Best Rain Jackets for Women</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-home-security-systems">The 5 Best Home Security Systems</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping best money tips bulk buying shopping Tue, 23 Sep 2014 19:00:06 +0000 Ashley Jacobs 1207992 at http://www.wisebread.com Best Money Tips: The Best Sites for Renting and Buying Textbooks http://www.wisebread.com/best-money-tips-the-best-sites-for-renting-and-buying-textbooks <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-the-best-sites-for-renting-and-buying-textbooks" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/student-books-tablet-466585709-small.jpg" alt="student tablet books" title="student tablet books" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some stellar articles on the best sites for renting and buying textbooks, steps to financial prosperity, and things you should know about the U.S. economy.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.retailmenot.com/blog/buying-textbooks-online.html">The 11 Best Sites for Renting and Buying Textbooks Online</a> &mdash; Half.com and Student2Student are a couple great textbook rental and buying sites. [The Real Deal]</p> <p><a href="http://www.learnplaygive.com/2014/04/07/six-steps-to-financial-prosperity/">6 Steps to Financial Prosperity</a> &mdash; To be financially prosperous, choose a career and do it and marry your soulmate. [Learn Play Give]</p> <p><a href="http://www.cbsnews.com/news/6-things-experts-are-saying-about-the-economy/">6 Things You Should Know About the U.S. Economy</a> &mdash; The housing market is continuing to improve but the job market is weaker than you think. [CBS Moneywatch]</p> <p><a href="http://www.savvysugar.com/Cheap-Halloween-Group-Costumes-25300043">57 Creative Homemade Group Costume Ideas</a> &mdash; With Halloween right around the corner, save money and get a group of your friends together to go as Lego people. [PopSugar Smart Living]</p> <p><a href="http://artofbeingcheap.com/heating-and-cooling/">The Heating and Cooling Myth That Is Costing You Money</a> &mdash; To save on heating and cooling, invest in a programmable thermostat. [The Art of Being Cheap]</p> <h2>Other Essential Reading</h2> <p><a href="http://thecouponproject.com/15-recipes-and-crafts-you-can-make-with-jars/">15 Recipes and Crafts You Can Make With Jars</a> &mdash; What are your favorite jar-based recipes and crafts? Did they make this list? [The Coupon Project]</p> <p><a href="http://affordanything.com/2014/08/05/5-people-one-income-and-self-made-success/">Five People, One Income, and Self-Made Success</a> &mdash; Remember that savings happen in small increments and that you should invest/earn money instead of just saving.. [Afford Anything]</p> <p><a href="http://houseofroseblog.com/creating-art-for-your-walls-stencil-letters-onto-an-old-canvas/">Creating Art for Your Walls: Stenciling Letter onto an Old Canvas</a> &mdash; Are you in need of some new art for your walls? This simple DIY might be just what you were looking for! [House Of Rose]</p> <p><a href="http://parentingsquad.com/get-your-child-excited-about-math">7 Ways to Get Your Child Excited About Math</a> &mdash; Get your child excited about math by having them do puzzles or using math apps. [Parenting Squad]</p> <p><a href="http://beyondyourhammock.com/3-myths-about-buying-your-first-home/">3 Myths About Buying Your First Home</a> &mdash; It is a myth that buying a home is always a good investment. [Beyond Your Hammock]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-the-best-sites-for-renting-and-buying-textbooks">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-freshman-shopping-tips-to-cut-college-costs">9 Freshman Shopping Tips to Cut College Costs</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/school-bookstores-cant-afford-cheap-textbooks">School Bookstores Can&#039;t Afford Cheap Textbooks</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-saving-hacks-every-college-student-should-try">8 Money-Saving Hacks Every College Student Should Try</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-find-the-cheapest-college-textbooks">How to find the cheapest college textbooks</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/14-dorm-essentials-that-make-student-life-easier">14 Dorm Essentials That Make Student Life Easier</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping best money tips buying college online renting textbooks Thu, 28 Aug 2014 20:06:55 +0000 Ashley Jacobs 1195558 at http://www.wisebread.com The 7 Dumbest Big Purchases People Make http://www.wisebread.com/the-7-dumbest-big-purchases-people-make <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-7-dumbest-big-purchases-people-make" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/couple-tv-shopping-177435130-small.jpg" alt="couple tv shopping" title="couple tv shopping" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Retail therapy is no myth. Psychologists have found that there's a real science behind the burst of joy we feel when we <a href="http://onlinelibrary.wiley.com/doi/10.1002/mar.20404/abstract">treat ourselves with a big, exciting purchase</a> &mdash; no matter how impractical it may be.</p> <p>Unfortunately, buyer's remorse also exists. Once the newness wears off, our prized purchase sometimes <a href="http://www.psychologytoday.com/blog/ulterior-motives/201201/why-regret-makes-buying-experiences-better-buying-stuff">becomes just another thing</a> in the pile of stuff that occupies so much of the space in our lives. We begin to compare it to other things like it that we don't have. A faster sports car. A bigger jacuzzi. The latest cell phone upgrade. And just like that our big buy loses its luster.</p> <p>Some items are prone to invoke buyer's remorse. Typically these items are just downright absurd, yet we've convinced ourselves that they're an important, practical, or smart purchase anyway. Thanks to the mistakes of thousands of consumers before us, we've been able to identify a few of them for you. (See also: <a href="http://www.wisebread.com/what-is-your-financial-kryptonite-and-how-to-conquer-it?ref=seealso">What Is Your Financial Kryptonite and How to Conquer It</a>)</p> <p>Read on for our list of the top seven purchases that are sure to leave you wallowing in your own tears of regret.</p> <h2>1. 3D TVs</h2> <p>The majority of <a href="http://www.ibtimes.co.uk/majority-3d-tv-owners-regret-their-purchase-1431326">3D television owners regret their purchase</a>. It's not that the technology isn't cool. The leading complaint is that there just isn't enough 3D content to make ownership of one of these futuristic devices worthwhile.</p> <p>More than half the 50 movie titles offered in 3D in 2011 were kids' flicks, while <a href="http://www.digitaltrends.com/home-theater/3d-tv-autopsy-did-it-finally-die-or-was-it-never-alive-to-begin-with/#!beO9si">most blockbuster movie titles opted out</a> of the 3D format altogether. When you're coughing up between $2,000 and $12,000 for the TV plus another couple hundred bucks a pop for the glasses, that's sort of a deal breaker.</p> <p>That leads us to another popular complaint: It can be a major annoyance to wear the glasses that make the third dimension pop. Sort of like wearing your sun shades in the house.</p> <h2>2. Whirlpool Tub</h2> <p>It's a vision of romance: Flower petals, candle light, a bottle of wine &mdash; and then you turn the thing on. Who wants to canoodle with that grumbling sound? Yeah, it's a vision alright.</p> <p>Jacuzzi-style whirlpool tubs can be a real mood killer. Not only are they noisy, they're time consuming to fill with water and prone to completely draining the hot water tank. Plus they're expensive to operate, not to mention expensive to buy and install.</p> <p>Bottom line: Most people don't use them enough to outweigh the negatives.</p> <h2>3. A College Education (No, Really&hellip;.)</h2> <p>Okay, so most people would say a college degree is a smart investment &mdash; but it can certainly be regrettable. A third of millennials say they would have been <a href="https://www.wellsfargo.com/press/2013/20130522_MorethanhalfofMillennials">better off working than going to college</a>, according to a Wells Fargo study. The reason? They're drowning in debt.</p> <p>More than half the 1,414 college grads surveyed by Wells Fargo said they afforded their education by taking out hefty student loans that have become the crux of their financial distress. Many said they think they'd have been better off with a less expensive, public education than a much more costly degree from a top-tier school.</p> <p>If given $10,000, more than half of those surveyed said the first thing they would use the money for is to pay off student loans or credit card debt.</p> <h2>4. A Timeshare</h2> <p>The cost of owning a timeshare extends well beyond the mortgage. Annual maintenance fees, property taxes, and special assessments are piled on top &mdash; and they can be quite expensive.</p> <p>Another major gripe among timeshare owners is that it's not always easy to schedule their allotted time at the unit. In fact, it can be downright maddening. Some timeshare contracts have so <a href="http://www.nolo.com/legal-encyclopedia/top-ten-reasons-think-twice-before-buying-timeshare.html">severely misstated the ease in scheduling</a> that several states have passed laws to punish these misrepresentations.</p> <p>Timeshares are also difficult to unload. Few people are interested in purchasing a timeshare in the aftermarket, meaning you're very likely to lose money even if you do find a buyer.</p> <h2>5. A Car They Didn't Research</h2> <p>Nearly a third of all <a href="http://www.dailymail.co.uk/news/article-2280243/Millions-regret-buying-latest-car-Third-admit-purchasing-faulty-vehicle-say-didnt-research.html">motorists regret their most recent car purchase</a>, a consumer watchdog report found. Among the top triggers of dissatisfaction: The car is faulty, it costs more to run than they anticipated, or they simply didn't do enough research.</p> <p>A car is one of the most expensive purchases many of us will ever make. So before pulling the trigger on a flashy sport convertible or a clunker with the little engine that could, experts say it's important to weigh all your options and do your homework.</p> <p>Here are a couple good online resources to get you started: <a href="http://www.edmunds.com/car-buying/first-time-new-car-buyer-guide.html">Edmund's Guide for First-Time New Car Buyers</a> and <a href="http://www.popularmechanics.com/cars/how-to/repair/how-to-buy-a-used-car-without-getting-burned?click=pp">Popular Mechanic's How to Buy a Used Car Without Getting Burned</a>.</p> <h2>6. High-End Designer Bags, Clothes, and Shoes</h2> <p>Speaking of cars, a Gucci handbag can cost more than the down payment on your vehicle. Ditto that for many designer scarves, furs, and dresses. What you're really paying for is an air of luxury and exclusivity.</p> <p>Many of the clothes and accessories we find to be swoon-worthy at the store, high-end and otherwise, end up spending nearly their entire existence in storage. That's because the average person wears only about <a href="http://online.wsj.com/news/articles/SB10001424127887324240804578415002232186418">20% of the clothes in their closet</a>, according to retail specialists.</p> <p>Among the top reasons our garments go unworn? The items no longer seem as unique or important as when first purchased, or we realize it was an impulse buy rather than a smart, practical purchase.</p> <h2>7. A $5,000 Watch</h2> <p>So you got a big promotion at work. Why not reward yourself with a Rolex? You earned it. Plus, what's more practical than a classic timepiece?</p> <p>Ted Jenkins, who co-operates a financial advisory firm focused on generations X and Y, speaks from experience when he says: &quot;Don't do it!&quot;</p> <p>&quot;<a href="http://www.yoursmartmoneymoves.com/2014/07/08/a-5000-watch-doesnt-make-you-look-cool/">The dumbest purchase I ever made was spending $5,000 on a watch</a>,&quot; Jenkins wrote on his financial literacy blog. &quot;I wore two watches over the course of a year, one that cost $5,000 and one that cost $79. The $5,000 watch was a Panerai and the $79 was a Diesel&hellip; During that year, my compliment ratio was four to one in favor of the $79 Diesel watch. I never really cared that much about brand names and it taught me that nobody else really does as well. Now I don't even wear a watch because my phone can tell time.&quot;</p> <p><em>Have you ever made a big dumb purchase? Please share your experience in comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/the-7-dumbest-big-purchases-people-make">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/do-not-buy-something-just-because-you-can-afford-it">Do not buy something just because you can afford it</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/unbearably-stupid-packaging">Dumbest packaging ever?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-bike-trailers">The 5 Best Bike Trailers</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-luxury-pens">The 5 Best Luxury Pens</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-exercise-mats">The 5 Best Exercise Mats</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Consumer Affairs Lifestyle Shopping big purchases buying expensive luxuries shopping Wed, 23 Jul 2014 11:00:05 +0000 Brittany Lyte 1165663 at http://www.wisebread.com Best Money Tips: Save a Fortune When Buying a Car http://www.wisebread.com/best-money-tips-save-a-fortune-when-buying-a-car <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-save-a-fortune-when-buying-a-car" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/car-4430180-small.jpg" alt="car" title="car" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some great articles on saving a fortune when buying a car, Black Friday sales to shop now, and sensible saving tips for a family.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.freemoneyfinance.com/2013/11/how-to-save-a-fortune-when-buying-a-car.html">How to Save a Fortune When Buying a Car</a> &mdash; Doing your research and getting the inside scoop can help you save a fortune when buying a car. [Free Money Finance]</p> <p><a href="http://www.savvysugar.com/Early-Black-Friday-Deals-2013-32425125">Early Black Friday Sales to Shop NOW!</a> &mdash; Head to Walmart now to take advantage of &quot;Black November&quot; sales! [PopSugar Smart Living]</p> <p><a href="http://www.narrowbridge.net/sensible-saving-tips-for-a-family/">Sensible Saving Tips for a Family</a> &mdash; Save on your bills by evaluating your bills for items you can live without, then get rid of those items! [Narrow Bridge Finance]</p> <p><a href="http://www.bargaineering.com/articles/4-ways-fight-claw-increasingly-elusive-american-dream.html">4 Ways to Fight and Claw Your Way to the Increasingly Elusive American Dream</a> &mdash; To achieve the American Dream, get a job and keep it, and save like your life depends on it. [Bargaineering]</p> <p><a href="http://www.creditsesame.com/blog/5-international-travel-costs-to-watch/">Traveling Abroad for the Holidays? 5 International Travel Costs to Watch</a> &mdash; If you are traveling abroad for the holidays, watch out for credit card fees. [Credit Sesame]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.goodfinancialcents.com/how-to-break-bad-habits-replace-with-good-one/">How to Break a Bad Habit in 21 Days (Reader Challenge)</a> &mdash; Automating your finances is one way to break a bad habit. [Good Financial Cents]</p> <p><a href="http://www.moneytalksnews.com/2013/11/12/the-5-best-ways-to-teach-kids-about-money/">The 6 Best Ways to Teach Kids About Money</a> &mdash; Using cash and providing an active allowance are two great ways to teach kids about money. [Money Talks News]</p> <p><a href="http://kiplinger.com/slideshow/credit/T065-S001-your-guide-to-holiday-tipping/index.html">Service Providers You Should Tip for the Holidays</a> &mdash; Be sure to tip your mail carrier a gift and your trash collector up to $30 this holiday season. [Kiplinger]</p> <p><a href="http://wifemomgeek.com/6-thanksgiving-traditions-start-family-year/">6 Thanksgiving Traditions to Start With Your Family This Year</a> &mdash; This Thanksgiving, start the tradition of displaying a Thankful Tree in your kitchen or dining room. [Wife Mom Geek]</p> <p><a href="http://parentingsquad.com/8-ways-to-show-your-kids-good-health-fitness-and-nutrition">8 Ways to Show Your Kids Good Health, Fitness, and Nutrition</a> &mdash; To show your kids good health, fitness, and nutrition, use words they understand. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-save-a-fortune-when-buying-a-car">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/a-used-car-salesman-reveals-dirty-tricks-and-how-to-beat-them">A Used Car Salesman Reveals Dirty Tricks (and How to Beat Them)</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-winter-tires">The 5 Best Winter Tires</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-car-battery-warmers">The 5 Best Car Battery Warmers</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-electric-bicycles">The 5 Best Electric Bicycles</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-jump-starter-kits">The 5 Best Jump Starter Kits</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Shopping best money tips buying car fortune save Mon, 18 Nov 2013 11:00:10 +0000 Ashley Jacobs 1098581 at http://www.wisebread.com Best Money Tips: Questions to Ask When Buying a Used Car http://www.wisebread.com/best-money-tips-questions-to-ask-when-buying-a-used-car <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-questions-to-ask-when-buying-a-used-car" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/car-4960033-small.jpg" alt="car" title="car" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some fantastic articles on questions to ask when buying a used car, summer fun for frugalists, and resume tips and tricks.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.savvysugar.com/Questions-Ask-Used-Car-Seller-31000145">8 Questions to Ask When Buying a Used Car</a> &mdash; When buying a used car, be sure to ask for an accident record and maintenance records. [PopSugar Smart Living]</p> <p><a href="http://www.fivecentnickel.com/2013/07/15/free-or-cheap-summer-fun-for-frugalists/">Free or cheap summer fun for frugalists</a> &mdash; To have fun, frugalists can take advantage of $1 and $5 movies or learn a skill with a free workshop. [Five Cent Nickel]</p> <p><a href="http://www.freemoneyfinance.com/2013/07/resume-tips-and-tricks.html">Resume Tips and Tricks</a> &mdash; An excellent resume needs to be searchable, easy to read, and quantitative. [Free Money Finance]</p> <p><a href="http://www.thesimpledollar.com/2013/07/17/starting-the-school-year-the-frugal-way/">Starting the School Year the Frugal Way</a> &mdash; Before you head to the store to buy school supplies, search your home for the supplies your child will need. [The Simple Dollar]</p> <p><a href="http://www.greenpandatreehouse.com/2013/07/how-far-would-you-go-to-pay-off-student-loans/">How Far Would You Go to Pay Off Student Loans?</a> &mdash; Pay off your student loans by working during the summer or applying for programs with work terms. [Green Panda Treehouse]</p> <h2>Other Essential Reading</h2> <p><a href="http://money.usnews.com/money/careers/articles/2013/07/18/10-things-they-dont-tell-you-about-your-first-internship">10 Things They Don't Tell You About Your First Internship</a> &mdash; When you start your first internship, no one really tells you that work casual and campus casual are not the same thing. [US News &amp; World Report]</p> <p><a href="http://www.carefulcents.com/be-a-full-time-blogger/">How to Be a Successful Full-Time Blogger in 6 Months</a> &mdash; If you want to be a full-time blogger, start by assessing your ability to work alone. [Careful Cents]</p> <p><a href="http://www.freemoneywisdom.com/three-tips-for-new-landlords-2/">3 Tips for New Landlords</a> &mdash; New landlords should make sure to have insurance and tenant agreements. [Free Money Wisdom]</p> <p><a href="http://www.getrichslowly.org/blog/2013/07/16/is-there-morality-in-personal-finance/">Is there morality in personal finance?</a> &mdash; Personal finance can teach you the importance of taking responsibility for your actions. [Get Rich Slowly]</p> <p><a href="http://parentingsquad.com/3-good-reasons-to-let-your-kids-be-bored">3 Good Reasons to Let Your Kids be Bored</a> &mdash; Allowing your kids to be bored promotes creativity. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-questions-to-ask-when-buying-a-used-car">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-things-you-should-always-buy-used">8 Things You Should Always Buy Used</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-ways-to-earn-extra-money-with-your-car">7 Ways to Earn Extra Money With Your Car</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-tell-if-a-car-service-plan-is-worth-it">How to Tell If a Car Service Plan Is Worth It</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-car-parts-that-are-safe-to-buy-used">9 Car Parts That Are Safe to Buy Used</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dead-car-battery-give-it-a-glass-of-red-wine">Dead car battery? Give it a glass of red wine.</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation best money tips buying car questions used Fri, 19 Jul 2013 10:00:31 +0000 Ashley Jacobs 980708 at http://www.wisebread.com