Things you should never pay full price for
Tips from consumer spending expert Kimberly Foss
- Duration 5:04
- Date Sep 9, 2012
Tips from consumer spending expert Kimberly Foss
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Marvelous -- this morning Alley get on over here -- you need to learn this too if you hate paying full price for things are not alone in our next guest says there are some things you should never paid ticket.
Kimberly fox is a consumer spending expert.
And a wealth manager and she's here to talk about it with us despite -- really nice to see this morning -- and so that one -- the first -- you say used to buying used to save big and you liken this to maybe using your IRA and we we invest.
Right if you go and -- -- say car even had a washer dryer if you pay cash seeking to really get a discount that take cash put into a Roth IRA.
Five -- dollars a year.
Thirty years 7% talking about a half million dollars if you're married it's a million dollars and that's that -- -- a compound interest of 7% 7% remarkable.
-- -- -- Our young to me always heard that you can do 121.
Or 22 your golden it's exactly I mean starts on consignment poignant you know when you're fifteen and got them across a lot of out of work college kids hopefully -- to be able to do yeah moment.
All right so -- actually have some items laid out here as well which are what items you should always buy used and you start with.
Baby gear and I can attest to this a Smart move because they're good they're done what it what in the months.
I think I think my son was born bigger than -- right here you know I have.
So if you buy it basically -- -- the university admits he did average -- but I had a particular institute at 200 dollars a month on May -- care.
So if you buy and resell stores once upon a child up happening 575%.
And -- April -- anyway.
And what kind figure because -- I'm thinking well the kids -- -- -- eating in chewing on a toy is that okay your hat clothes seem to be fine.
You're flying at toys if you if you stand sterilize and that's fine -- I think the stay away from the hole cribs and maybe the car seats.
Because of the recall and also you don't know who was -- they are saying that -- -- buttons -- I would never want.
Anyone to have my son's car seat to the bio hazard yeah I'm right there with you yet -- goldfish being thrown everything.
Our next on your list -- you talk about we have some tools right tolls and snacks and story.
Tools and -- -- -- employees.
Hospitals enjoy you know you both offense can -- You can't settle on jury app you can look at things like reach -- -- to -- dollars for the -- watch Ebanks and when -- dollars.
So you can always buy things that -- -- -- -- -- or or you can buy bargains on -- evening I think my address.
A third of the cost of re taught us really so I got this -- gently used on eBay.
They're constantly using tools and and my dad -- him down some of his tools to me and they're great and in the last a lifetime tools for Hillary so they don't go -- I mean you go back to keep them in good shape you can -- -- -- sales very inexpensively and getting the Craig's list evening great idea.
I'm also exercise here and I would have to locate some of the -- your stuff you want me wanna avoid but.
Things old gold suit too like actual weights and.
Baseball all -- that you know and and waits and even you came to treadmills elliptical as you just wanna have to check check this out had a time from your trusted source IBM -- out.
-- don't go bad either you know so and people love to get state.
First year January through like maybe February best time to -- Also you have teaching here as well plates knives.
And things and her you know it means getting clean in the dishwasher and regularly when it why would you nobody -- -- that's.
Today and people who are getting divorced or are -- movie or getting married they -- to collect upgrade for the given to you.
And then now so great place -- -- daughter going off to college acts on and off to college great idea to give them to that.
Do their -- It's yes it's about haggling -- I don't this is.
Allison was really interest in learning how to handle it.
Don't get emotionally involved he saves your photo first tip on this and don't give -- -- this is you're not marrying a deal that your your dating to -- Say don't -- bush and volatility -- but don't be shy about asking doctors and asking who today is less is more like 30% everybody's less than.
3% for last.
So they're gonna get you're never gonna get a -- -- -- -- getting some yard work done you may say -- to -- fifty dollars as do thirty absolutely if you don't ask don't receive right.
Yes -- it be fair on that list as well and have fun with the entire process you have fun because you know statistically speaking people will.
Respond to a positive experience than negative so you're more apt to be successful if you find if you know what you're doing it you're not you're you're not trying to -- and down.
He's trying to get a fair deal like.
Gimmicks that are -- -- is great.
At this hotel iMac at the end I -- -- -- 460 dollars and got it down to sixty dollars well because it had a little bit and they.
Thank you sir what can really -- is a consumer spending expert and wealth manager thank you so much some great tips and -- Lot of it's I don't come forward haggle with Kimberly for that's what I Clinton never gift that sweater right that is society that has signed stake -- -- thank you come.