College Central A division of College Central Network
The nation's largest network of college job seekers. October 24, 2016
Connect To:Personal Finance:

Career Corner



College Central Home

Student Central

Alumni Central
Click to search for jobs

Employer Central
Click to post jobs

Subscribe to Personal Finance
Subscribe to
Personal Finance


What is RSS?

Never Pay Retail -- Ever!
Kimberly Griffiths -- With so many different types of sales running all the time, why would anyone ever pay retail? In most cases, with a little research, you may never have to pay retail again.


Buyers beware -- not all sales are created equally.

% off sale price

Some sales offer substantial savings such as 50% off already reduced merchandise, which is probably as deep a discount as you can get. It may take some time and patience once you're in the store, but these sales can really be wonderful when buying necessities such as back-to-school clothes and even for off-season holiday shopping.

Buy one, get one 50% off

The buy one, get one 50% off is my least favorite sale. It is essentially a way for stores to move their merchandise without offering any great incentive to the shopper. It's just another way of saying get a 25% discount when you purchase two items. Unless you're shopping with a friend, family member, or neighbor who needs the same thing, it just isn't all that exciting of a sale. You rarely need to buy two of one thing.

I would also group the buy two, get one free in this category -­ uneventful.


Lately I have noticed that grocery stores have pulled out all the stops to offer their products at a two-for-one deal. Almost every shelf is lined with a brightly colored sale sticker offering two-for-one.

But again, more often than not, I only need one item not two! I can't speak for all the stores nationwide since they all have different policies, but in my case, I found that if you buy only one item instead of the two that they're pushing, the one item is half the price.

For example, if orange juice is advertised as two for one at $4.00, one might be $2.00 -- ask the cashier!

If you find that the one item is indeed half the price, tell the cashier that you no longer want the second item. They will put the food back on the shelf -- no worries.


Another marketing incentive is the buy-one-get-one-free (BOGO) option.

If you dine out with a spouse, colleagues, or a friend, consider eating out at restaurants offering a buy-one-get-one-free coupon. Truly, if you tend to eat out often, this could be a substantial monthly savings. Just commit for one week that you will not eat out unless you have a buy-one-get-one-free coupon.

Go to, search for restaurants by zip code, and, ooo-la-la!, instant printable coupons for restaurants in your area!

A word of caution, no matter how frugal you may be, I don't recommend using a coupon on a first date. Know the difference between a special event versus going out to lunch with a co-worker!

Free after rebate

Although the free after rebate takes a little work, this can also be quite a good deal. I notice these offers most often on small electronics. In fact, the modem I'm currently using was free after submitting a manufacturer's rebate. Sure, I had to wait 8 weeks for the check to come in the mail, but I'd rather spend 15 minutes on the front-end of the deal doing a little bit of work so that I can get my money back.

Free samples

One of the best ways to try out a product is when it is free! From laundry detergent to toothpaste, companies are anxious for you to try their product. If you live in a major city, free trial mints/gum, aspirin, soda, etc. are passed out on street corners from time to time.

If you want to get more free stuff, try

Online sales

Whether you are researching to buy in a physical store or looking to buy online, always look for product coupons. Simply type in the product you are looking for and the word "coupon" into a search engine like,,, or

For example, recently I decided to have a few personal photographs enlarged to place on a wall in my home. I did a search online for "photograph coupon" and found a 40% discount on my purchase at

The entire purchase took 2 minutes longer because I searched for a virtual coupon which saved me $20. Saving $20 in 2 minutes on something I was going to purchase anyway is exciting!

If you cannot find a coupon after doing a search, try using a shopbot, a comparison pricing tool, which finds the lowest price in their network for the product you are searching for. Some common shopbots include,,, and

No Sale?

If a store isn't offering a sale, don't hesitate to ask the store manager if the price quoted is the best value they can offer. Once you ask the question, remain quiet and let the store manager respond. Don't look away, don't interrupt, just wait for his/her response.

This approach takes practice, but you can save a lot of money by learning how to negotiate. You may flop the first few attempts but remember, you're the customer and you can always ask.

For example:

At an oil change garage or dry cleaners:

"I have a coupon for your competitor down the street, will you accept their coupon?" If the answer is yes, then ask "Do you offer any further discounts?"

"Do you have any discounts for new (or regular) customers?"

Speaking to your credit card company:

"I received a credit card offer from Bank X in the mail which offers a rate that is 1% lower than what I'm currently paying with no annual fee. I'm considering switching to this card unless you can offer the same or better deal. What terms can you offer me?"

Buying furniture:

"Since I'm buying more than one piece of furniture [on sale, of course], can you arrange for free delivery for me?"

Almost every other type of face-to-face purchase:

Is this the best deal you can offer?

In Summary

Spend a little time trying to save the hard earned money you worked for this week. Don't be so eager to spend it or give it away. And, don't buy something just because it's on sale -- that's also not a wise choice. Spend money only on the things you need and preferably find these things on sale.

If you really want to see the difference in savings that you are making by shopping the sales, create a strategy. If you save 25% on your grocery bill or $12.00 by using a coupon, put the money you would have spent into a jar. The money you accumulate in a month's time will amaze you. Use the savings to pay off the credit card bill that you are paying off.

Be a smart shopper by never paying retail -- ever!

Note: The content in this article is intended for educational purposes only and it should not be interpreted as financial advice. For advice that is specific to your circumstances, please consult your tax and financial advisor.

About One Paycheck at a Time, Inc. One Paycheck at a Time Inc. is the leading source for sensible debt reduction solutions. Its products include the One Paycheck at a Time paperback (ISBN: 1591133327), as well as an ebook format, and the eTools program. The author of the book and president of the company, Kimberly A. Griffiths, has been through the vicious cycle of debt herself and has made it her personal goal to share her experience to help others. More information can be found about the company and its products at

© 2005 Kimberly A. Griffiths

Return to top

The views and opinions expressed in these articles do not necessarily reflect those of College Central Network, Inc. or its affiliates. Reference to any company, organization, product, or service does not constitute endorsement by College Central Network, Inc., its affiliates or associated companies. The information provided is not intended to replace the advice or guidance of your legal or medical professional.

 Previous     |     Personal Finance Home     |     Next