With big one-off purchases you’re spending more money, therefore you have bigger potential savings.
- Work out what you really want. It can easy to be swayed by sales people into shelling out more money than you need to for features you’re unlikely to use. Take time to think about what is important to you, you might find that a second hand item or lower spec model might actually be right for you. Alternatively, if it is something you’ll only use occasionally then maybe renting the item or borrowing it from a friend might be a better option.
- Be wary of false economies. Often the cheapest is not the best value. Learning when paying for quality (rather than brand) can be tricky. Consider checking out independent reviews from trusted sources when making your decision.
- Do your research online. There are so many comparison websites that can help you compare prices and features.
- If buying instore, learn the art of negotiation. Many companies will match or beat a competitor’s price. Don’t be afraid to ask, the worst they can say is no and you could save yourself a significant amount.
- Look for discount codes if buying online. Try searching for discount codes for the store buying from – they are often readily available on the internet.
Things you should know
The advice on this website has been prepared without considering your objectives, financial situation or needs. Before acting on the advice, please consider its appropriateness to your circumstances. This article is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice.