Are you getting the best deal?: Price Comparison Shopping

My Mom is joining me on the show today?

Hello.

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Alright, let’s jump into today’s discussion.

Price comparison shopping.

 

There are always ways parents can be involved in helping their kids learn about finances and I’ve had some instances over the last few months where my parents have stepped in to keep me or my siblings from making a quick purchase to stop and think about it and do some research before buying.

 

One instance is my dad took us fly fishing for the first time back in March. 

 

I loved it! 

 

And I came home and right away started filling up my cart with brand new fly fishing gear. 

 

I wanted to go fly fishing again.

 

My mom, however, was like, “Why are you buying, new gear? Save your money and search trading sites and yard sales for used gear.

 

You’ll be able to spend half the money. You don’t  need to buy new, especially at your age.” 

 

I knew then I needed to think more about comparing prices and options before I spent my hard-earned money. 

 

So, let’s talk about how to get the most bang for your buck!

 

(music interlude)

 

Now, how do you know if you've found the best deal?

 

First, you need to learn the skills of price comparison.

 

This means taking the time to research and compare prices of similar products from different retailers. We can easily do this at home online.  

 

Many websites offer price comparison tools that allow you to easily compare prices from different retailers. 

 

We use a Chrome extension called “PayPal Honey” that while we shop around online it will bring a pop-up telling us the price comparison difference of this same item across different stories.

 

Then when we go to check-out, it will try out various coupon codes to see if any will work with our purchase.

 

Another is Simplycodes. It’s an app and an extension online to pull up coupon codes and deals.

 

Let’s give a real world example.

 

Let’s say we’re shopping for a new GoTrax Electric Scooter.

Let’s first search on Google.

You’ll see right away various options from different stores.

Our honey and simply codes widgets show up to the side and will tell us what the price difference is between some stores and Honey will actually tell us the price history of this item over time.