Monday, December 07, 2009

Money Saving Monday #35 - Know Your Prices

My sister and I always head out to shop the day after Thanksgiving, but we don't get up early. I check the ads, and we head out when we are ready -- usually around 10 or 11 AM. While I didn't get the $3 pajamas this year, we did find a few good deals that were still available. At that time of day, we usually don't have to wait in line either!

One store we visited had a long line for checkout after noon, which surprised me.  I was especially surprised when I noticed that many of their 50% off sales took the prices of items all the way down to more than the regular price at most other stores.  Which means those people snapping up tiny Disney princesses were thinking they were getting a deal - when the regular price was $1 less at another local store.

It's important to know prices if you want to ensure getting the best deal. Stores can offer the exact same product at a wide range of prices. Just yesterday, Colin chose a new ornament for our tree that was marked at $7.97.  A second store we visited had the exact same ornament for $19.99.

I've kept a grocery price list in the past (and keep meaning to create a new one), which helped me find the best deals on groceries and get an idea of sales cycles.  In the same spirit, I rarely buy something the first time I see it so I can check prices.  I check prices at a few different stores, as well as online, to try and find the best price.

If you have a smart phone, you can check prices using your phone.  The google phones allow you to scan an ISBN and it will show you prices at local stores, as well as online. With my iPhone, I usually check Amazon for pricing if it's something I haven't seen before.

Keeping lists and tracking prices is an excellent way to make sure you get the most for your money!

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