DFW Money Matters, Personal Finance Blog

Negotiate everything, 7 Words that Can save you a TON of Money

Always be frugal! Never  settle for the first price you get for anything, no matter how small. When car shopping, most people do not take the first price. In that situation it is very likely that there will be a lot of negotiating. To keep more of your money it is a smart idea to always try to get a better price for anything you buy.

The first step to being a great negotiator is to build rapport, and make the person who has the power to change the price, like you. The easiest way to do this is to find a common interest or make them feel special in some way. Once the price is presented to you, the best way to get them to agree to a lower price is to ask the magical question: “ Is that the best you can do?”  Generally you will be surprised that people are more willing to bend the rules a little. You can do this for anything like purchasing a bed, a cell phone, roofing, anything and everything. More than likely the sales person will be paid a commission and they would rather get a little bit of your money than have nothing.

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