ONLINE SHOPPING - 3

Importance of Comparison Shopping

Most major products and services come with a range of prices. Shop around and there's a good chance you'll uncover a lower price for the exact item or service you're looking for. By comparison shopping, you get what you want for less and more money stays in your pocket. And it takes maybe 15 or 20 minutes of your time.

Next time you're tempted to rush out and make a major purchase, think about the cash you could save with just a few minutes of research. The fact is that shopping around for most products will yield savings far greater than 10 percent. And while it's possible to comparison shop on everything you buy, there's no need to go overboard.

Start by taking a close look at core expenses that you pay every month such as long distance phone calls, gasoline, food, and insurance premiums. By comparing the prices, you stand to save a lot of money. Saving money on core expenses frees up more money to be kept as an emergency fund or to pay for something like a vacation.

The Internet makes it easy to comparison shop for almost everything travel-related including airline tickets, car rentals, hotel rooms, cruises and resort packages. Be sure to visit multiple sites for price quotes and information. The Internet is also a great resource when shopping for a new vehicle. Incentives and new and used car pricing information may vary from site to site so be sure to visit several. When in doubt, contact an auto manufacturer directly. And don't forget to shop around for your auto loan.

It's better to have an auto loan ready to go before you go to a dealership. That way if a dealer wants your financing business, he will have to offer you the best rate better than the one you've found on your own. And even if your intention is nothing more than a color TV, you'll still want to do a lot of research before buying.

Comparing prices at national discount chains is a good initial step. But don't overlook local retailers. A local electronics retailer may have the best prices around. Wherever you shop, don't be afraid to ask for a better deal than the ticketed price. Try your luck. You will be amazed at the number of better offers you will receive. In many establishments, salespeople have permission to offer a cheaper price for things. You will have to ask or bargain for it.