November 24, 2014

Ten Money Saving Tips – Read This Before You Buy

Here are some handy tips to consider if you really want to save money on your next appliance purchase:

1. Buy Last Year’s Model
If you don’t mind owning last year’s model, you can shave hundreds of dollars off of your appliance purchase. Best time to shop: September and October when stores are under pressure to clear space for the new arrivals.

2. Shop the Scratch and Dents
A small scratch or dent could become your best friend if you’re on a tight budget. Ask the sales associate if they have any damaged appliances for sale. Then, survey the damaged models to decide what you are willing to live with – even the smallest blemish can net big savings.

3. Buy What You Need
Have you ever noticed how the most expensive appliance models are typically the first that you come to in the store? No coincidence, I assure you. To keep yourself from falling for the latest bells and whistles, make a list of what you need before you venture into the stores. Then, buy the cheapest model that meets those needs. Just remember: that refrigerator with the built-in TV isn’t going to keep your food any colder.

4. Do a Trade-In
It’s no secret that trading in your car can save you money on a new car purchase, but did you know that you can sometimes do the same thing with your appliances? Check with appliance dealers in your area to see if any accept trade-ins. Then, find out how much your current appliance is worth. It could just be your ticket to a bargain.

5. Shop the Sales
Find something you like, but not thrilled with the price? Ask a sales associate when your pick is scheduled to go on sale. Waiting a week or two could be all it takes to reduce your purchase price by 25%. September and October are the best months to make major purchases but the second-best time is during the holidays. Merchants offer deep discounts at Christmas, when consumers want to spiff up their homes for the holidays. Also keep an eye out for sales on the less-celebrated weekends, like Memorial Day, Mother’s Day and Labor Day.

6. Look for a Package Deal
Need a washer and dryer or all new appliances for your kitchen? If so, an appliance package could be your biggest source of savings. Retailers frequently bundle appliances to boost sales, and these packages can offer significant savings over the price of purchasing each item individually.

7. Buy a Floor Model
Do you mind if your new appliance comes without a box? If not, consider purchasing a floor model. You’ll enjoy the same warranty that you’d get with a new-in-box item, without the new-in-box price. Sacrifice a little cardboard and save a lot.


8. Shop Box Stores

Shopping warehouse and box stores can be hit or miss. Sometimes you get a great deal and other times you may pay more. When it comes to appliances, however, you may be surprised at the bargains you can find. Such stores don’t usually honor price matches so what you see is what you get. Before hitting these cut-rate stores, research prices and quality online.

9. Avoid Rentals
It’s tempting to pay just $20 a week for a new refrigerator, but the interest you’ll pay for a rent-to-own appliance means you end up paying much more than the purchase price. These retailers thrive on consumers who pay the minimum amount each month or end up reneging on payments and losing the appliance.

10. Surf Craigslist
Keep an eye on the appliances section for low prices on brand new appliances. Dealers sometimes advertise their overstocks on Craigslist. Look for “dealer” notations to know if you’re working with a store and not a private seller. Realtors and remodeling contractors also offer new or nearly new appliances. You’ll likely have to manage your own delivery and installation, however.

Credit to about.com and couponshepa.com

The Appliance Bermuda Triangle

Most of us have at least one- you know yours- the appliance you were sure you needed, used once or twice and relegated to the back of a closet. It disappeared into your home’s own appliance Bermuda Triangle.

Tamar Haspel who blogs at starvingofftheland.com writes about her’s and her mother’s appliance mis-purchases.

A Champion juicer is a big, heavy powerful appliance that reduces fruits and vegetables to their constituent parts: juice and sawdust.

A Champion juicer is not inexpensive. These days, they retail for a little over $200. Although other juicers cost less, other juicers do not have the power to juice the furniture.

When my mother got it, we tried it on everything but the furniture. I even wrote about it, in an article entitled, “How to Make the Most Mess with the Fewest Appliances.”

But it didn’t take. Before long, the Champion was relegated to the Closet of Appliance Mistakes, where it nestled up against the gelato maker. (First, of course, my mother offered it to me, but I’m not stupid enough to take a big, heavy appliance destined for the Closet.)

I’ve learned many things from my mother, and one of them should have been not to buy a Champion juicer. But when I saw a barely used one at a yard sale for $12., I couldn’t resist. Twelve dollars! That’s five percent of its retail price! Besides, I don’t live in a tiny apartment any more. When you have an entire Basement of Appliance Mistakes, you can branch out.

Still, I wasn’t sure. “I’m not sure,” I said to Kevin as we contemplated the juicer.

“If you don’t like it, you can put it on Craigslist and you’ll probably get your twelve dollars back,” he said. Although this was true, I think he just wanted to make sure I went home with something substantial, since he had just bought a windsurfer that came with three sails, two masts, a boom, and a harness.

I should mention that the Basement of Appliance Mistakes is also the Basement of Water-sports Mistakes. If this windsurfer joins the other two that are already down there, there won’t be much room for the Champion juicer.

The gist of starvingofftheland is that Ms. Haspel and her husband are attempting to feed themselves at least one food a day that they have a direct connection to. They might have grown or raised it themselves, or possibly fished, hunted or traded for it. In this spirit, the couple has begun raising chickens.

The chickens clinch the juicer sale. “What pushed me over the edge was the thought that the vegetable pulp, which still has considerable nutritional value, could be fed to the chickens. Everybody wins.

I forked over my twelve dollars, and took my juicer home. All the parts were there, and it hummed smoothly when I turned it on. We had half a bag of carrots in the refrigerator, and we used them for the test ride.”

We ended up with two glasses of carrot juice. It tasted exactly like the carrots it came from — fine but a little bitter. We also had a nice plate of carrot crumbles for the chickens, and we headed out to the run.

We expected an enthusiastic reception, but the chickens wouldn’t touch the stuff. They gave one or two experimental pecks, and then looked reproachfully at us. “This isn’t carrot,” they were obviously saying, “This is sawdust.” This, from birds that eat rocks, charcoal, and tree bark.

Apparently, you can’t drink your carrot and feed it to your chickens, too.

I’m not giving up on the juicer just yet. I’m very fond of beet juice with ginger, and I’ll give that a whirl. And if anyone out there has any brilliant uses for it, I’m all ears. But if you’re in the market for a Champion juicer, you might want to keep an eye on Craigslist.

Appliance Buying Tips to Avoid a Mistake

Here are three great pieces of advice from the Guru – Consumer Reports – that will get you off to a good start when you begin that search for the perfect new appliance. Many consumers commit these errors:


Not checking a brand’s track record.
You can boost your odds of buying a reliable model by choosing a reliable brand from our Brand Repair History for different appliances. You’ll often save money in the bargain because, in general, lower-priced mainstream brands have often been more reliable than upscale brands. Our brand-repair histories are culled from nearly 450,000 respondents reporting on nearly 2.5 million appliances for our Annual Product Reliability Survey conducted by the Consumer Reports National Research Center.

Paying extra for extended warranties.
While they might boost profits for stores, extended warranties generally are a bad deal for you because most products don’t break within the three years most extended warranties cover. And because repairs often cost about the same as the extended warranty, you’re better off chancing it.

Jumping at package deals. Stores typically offer lower prices if you buy a refrigerator with a range and dishwasher from the same brand. But doing so could sacrifice performance, because some appliances work far better than others with the same name. You could also increase your chances of repairs down the road because some brand’s fridges have been far more reliable than its ranges and dishwashers.

Shopping for Energy Efficient Appliances

Here’s a great line I just read at bhrealestate.com

Every appliance has two prices: the sticker price, and the one you pay to run the appliance year-round.

When purchasing a new appliance, buyers might be tempted to buy the unit with the lowest sale price while ignoring the long term costs of running it.

Choosing a highly energy efficient appliance can save more money than the additional purchase difference and if used long enough, add to your savings. According to Energy Star, the organization the certifies the efficiency of appliances, in 2007, Americans bought enough ENERGY STAR appliances to limit emissions equivalent to green house gases from 27 million cars — all the while saving $16 billion on their utility bills, or roughly one-third their annual utility cost.

Look for machines that have earned the ENERGY STAR label, meaning they have met strict energy-efficiency guidelines. It’s also important to check the bright yellow EnergyGuide labels on appliances to see consumption rates for that model expressed in annual kilowatt hours and the approximate annual cost of running the appliance.

The article also offered some helpful shopping tips:

Refrigerators – Next to your furnace and water heater, your refrigerator uses the most energy in your home, so make sure a new fridge suits your needs. If it’s too large, you’ll waste energy cooling phantom food; too small may simply be inconvenient. Models with freezers on the top or bottom are more efficient than those with freezers on the side.

Stoves – Cooking habits should determine which is best for you. While the design and price of today’s gas and electric stoves are similar, gas stoves require less energy for stovetop cooking. If you do a lot of baking or oven use, however, the electric stove is a better option.

Clothes Washers – According to the EPA, Horizontal-axis washers (front loaders) use 50 percent less energy, less water and less soap. This translates into savings on average of about $95 a year for the average household

Clothes Dryers – ENERGY STAR does not label dryers since most consume the same amount of energy. Do, however, try to buy one with a moisture sensor that will automatically shut off the dryer when your clothes are dry, rather than completing the cycle.

Air Conditioners – Ensure correct size for your room and go for energy efficiency. If it’s cooling a sunny room, consider increasing capacity by 10 percent.

Natural gas and oil systems
– Look for the Federal Trade Commission EnergyGuide label with an Annual Fuel Utilization Efficiency (AFUE) rating. This measures the seasonal annual efficiency (ENERGY STAR furnaces have a 90 AFUE rating or above).

The added initial cost of energy efficient appliances may seem high, but the savings show up over time and they are gentler on the environment.

How to Save Money Buying a New Appliance

Buying a new appliance is expensive and everyone wants to get a good value for their money.  Sometimes getting less can be more.  According to Consumer Reports, some of the extra features offered on new washers and dishwashers are not needed and just add unnecessarily to the final cost.

Take new dishwasher cycles with names like “turbo zone” and “power scour.” For those, special nozzles are placed in the back of the dishwasher to take care of tough jobs.

Although those cycles do a good job, Consumer Reports testers say they are not essential.

“We find many dishwashers, using just the regular setting, do a great job cleaning our very tough challenge: baked-on brownie mix,” Consumer Reports tester Kim Kleman said.

You can also save by skipping the often-pricier stainless steel tubs and get a plastic tub in your dishwasher.

“People love the stainless steel look, but how many people are looking inside your dishwasher?” Kleman said. “The plastic tub should hold up just fine.”

Many washing-machine models come loaded with lots of extra features – such as cycles made specifically for bedding, active wear and sanitizing. Consumer Reports, though, says you should take a pass on those options.

“Stick with the regular heavy-duty, normal, delicate and white cycles. That’s all you really need,” Kleman said.

As for dryers, don’t be wowed by claims like extra-large capacity, super capacity and king-sized capacity.

“We find most dryers hold plenty, whether it says super capacity or not,” Kleman said.

Although matching washer-dryer sets look nice, they can cost more.

If you’re buying them at the same time, Consumer Reports recommends getting the best-performing, most efficient washer – one that extracts the most water from clothes.

Among dryers, get the one that has a moisture sensor.

Consumer Reports ranked its Best Buys among dishwashers, washers and dryers:

  • Dishwasher: Sears’ Kenmore 1374 for $650.
  • Washer: Frigidaire Gallery GLTF2940F for $650.
  • Dryers: GE DBVH512EF[WW] for $650; GE DPSE810EG[WT] for $500.

Keep to this strategy: Don’t pay for features you don’t need.