Subhead

This is my journey back from broke. And about staying unbroke, even
on the days I want to splurge. Afterall, no one ever called pickles a necessity!


Sunday, March 6, 2011

My Potential Budget-Busters

WARNING:  If you are currently broke, in debt, or over-spending, please skip to the next post.  If you're a Dave Ramsey follower, you should be at least at Baby Step 3 before reading this post.

This is just a short list of the sites I check regularly and potentially spend unbudgeted money on.  It's a bit dangerous putting them out there - you have to have some control.  I have to have some control when I look at them.  

I have to do a quick search most days and check, "Is this really a good price for this item?"

I have to read reviews for the item from other sites and decide if it's really a good deal, or an attempt to unload merchandise that isn't moving.

Recently one of these sites offered heart rate monitors from a manufacturer I had never heard of.  A quick search showed me that the deals were pretty good.  The full description on the manufacturer's website described exactly what I had been looking for.  However, I could find no reviews on the brand online, at any site.   I regretted not making the purchase, but convinced myself it was not the day to buy.    About a week later, I was at Dick's Sporting Goods and checked out the heart rate monitors. I found that all the ones by the unknown manufacturer were on clearance. What's more, standing there in the store I was unable to successfully get a reading on any of them.  Suddenly I felt a bit better about skipping over the online deal.

OK, the sites:

www.woot.com:  One Deal, One Day.  Mainly electronics, (often refurbished), but I have seen everything from mattresses to compost pails.  And the best part?  Always $5 shipping, which on large items like mattresses or over-sized televisions is a significant consideration.   Items can sell out, though, so I always check on it in the morning.

www.thefoundary.com:  Generally high-end items, from home-goods to children's accessories (toys, diaper bags, furniture) to personal care items.  There's always something interesting on here, and the deals stay up for a few days (unless they sell out), so you have time to consider the purchase (which, since we're often looking at items like a rug, couch or other significant purchase, is nice)

www.groupon.com:  This one is pretty well known. I would mention that you should remember to look at other cities in your area, as well.  And, since these are local deals and pretty much always a good deal, don't rush to purchase every one that you think "Oh, I would use that."  For example, I always check restaurant.com before I Groupon a restaurant gift certificate.

www.restaurant.com:  A double deal here.  Restaurants have to choose to sign up for it, and then it is discounted gift certificates to the restaurant (i.e. $10 for a $25 gift certificate).

  • Never pay the $10 though - You can get a $10 certificate for $3 if you have a MyPoints account (free), a Borders Rewards card (free), or a multitude of other memberships (or even as a benefit through some employers). 
  • The downside is that you really have to read the fine print.  You can't use a gift certificate with a $25 face value and only purchase $25 worth of food.  It is generally $50 total bill required.  It may or may not include beverages.  Sometimes, this is still a great deal.  However, there is a restaurant we love (11Worth) which is very budget friendly - We generally eat there for $10 - $15 total.  For $3 we can get a $25 gift certificate, but we would need to spend $50 in one visit.  You need at least 6 really hungry people to make that a worthwhile deal.  But if you have 6 or 8 people to feed, then it's a great deal.  Just read the fine print.

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