Whether you’re in debt or comfortably well off, there is never a reason to pay more for items than necessary.
And these days, you’ll find that just about everyone is willing to negotiate.
When it comes time to renew your lease, ask your landlord for a lower rent if it makes sense – if you know that there are other similar rentals available at lower prices. Houses simply are not selling these days, which means your landlord is likely not able to sell the house when you move out, and there is a glut of vacant investor properties whose owners desperately need tenants to help them make their mortgage payments. This can put you in a position of strength; and the same goes for apartment rentals, because many people are moving into houses rather than apartments these days.
Repairs: When you get a repair estimate call around town and get several estimates before you make a commitment. Either go with the lowest priced offer or use it as a bargaining point to get the higher estimates…lower.
Credit Card Payments: If you’ve been paying on time, ask for a lower interest rate.
Retailers: Retailers are desperate to move inventory these days. It doesn’t make sense to pay full price. At the VERY least ask if they can take ten percent off the price that they are asking for.
If there is something that you want to buy and the salesperson won’t or can’t offer you a discount, ask to speak to a manager. They have the authority to offer you a discount.
And be prepared to walk away if you can’t get the price that you want. Sometimes the manager or clerk will stop you as you’re walking out of the store and give you the price you asked for; if not, then you at least avoided paying too much!