If you are considering purchasing any of the 5 big ticket items I've listed below, I offer some frugal tips on how one can save some bucks along the way!
- HOME BUYING: This is most likely the biggest expense in someone's life, not to mention the biggest mortgage debt - unless you are lucky enough to pay cash! The benefits of owning your own home is a great investment. It's worth the time spent in the house search and the money paid to the skilled real estate agent. First, decide what area you want to live in and what your wish list are in priority order. If you need a home loan, get pre-qualified with the lowest fixed rate possible. If you are selling and buying a home at the same time, negotiate with your agent for a lower commission especially if they are the agent for both transactions. For other ways to save on Housing stuff, click here.
- PRE-OWNED VEHICLES: In the past, I've always had a new car, I do love that "new car smell". However, now that I'm a little wiser - I think my next car will be a pre-owned vehicle. Buying a new car depreciates the minute you drive it off the lot. The value of a new car, within the first year alone, can drop by 15 to 40 percent. Look for certified pre-owned cars that are re-condtioned and comes with a warranty. If possible, select a car that has about 25,000 miles and 2 to 3 years old. Do you your research and price comparison before making any final decision. For other ways to save on Auto stuff, click here.
- DIY HOME RENOVATIONS: If you are skilled enough to do most of the home reno yourself or you have a reliable handyman (like my significant other) who can help you do most of the work, this will save you a lot of money vs. hiring a pro. When buying materials or tools, consider using a home improvement credit card that offers a no interest for X months - you just have to pay the minimum payment. Although paint is one of the cheapest ways to transform an area - the cost could also add up. Check out discounted "oops paint" at your local home improvement store, if it's the color you need, you could save up to 75%. For ideas on frugal Home Decor, click here.
- TECHNOLOGY: Some people have to have the latest gadget... whether it's the newest smartphone, tablet, laptop, computer, television, camera, etc.. If you don't mind having last month's model and if you are in the market for any tech item - consider buying used or refurbished, they work just as good as they did when they were new. Check out sites such as Amazon.com or Geeks.com, to do some research and price comparison. For other ways to save on Technology stuff, click here.
- VACATION TRAVEL: Planning a vacation is one of the most exciting and the most overwhelming experience at the same time. To save time, one must know or at least narrow down their destination and dates. Read My Top 10 Thrifty Travel Tips for more information on how to save money on your next trip.