Tip of The Day: Negotiate

by James & Miel on April 10, 2009 · 0 comments

Hello All,

Todays personal finance tip of the day is: negotiate.

The economy is a rough patch. Consumer spending is down. The good news is this means that it’s a lot easier to get a discount. Retailers, landlords, private schools, mortgage lenders…a lot of people are willing to haggle to close a deal. The more money you can save, the more you have to build your wealth.

For example, SmartMoney.com is reporting that the BestBuy corporation’s managers are empowered to “react to local market needs” and Forbes has recently run a story indicating that its possible to get healthy discounts on high end luxury goods like Gucci watches and handbags.

To make a long story short, the timing is ripe to negotiate good deals.

For more on this, here are some tips on how to successfully ask for a discount.

Best,

James

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