In the latest episode of “Therapy For Your Pocketbook,”
Suzie, a young professional, gets seduced by the lure of “15 percent off” that comes with opening a new store credit card. Finance Expert Manisha Thakor
urges her to be responsible and warns if her credit score gets damaged, she may wind up with the same car payment for her KIA that her friend gets for her BMW! [Therapy For Your Pocketbook
] Keep reading »
Around the same time I started raking in the big bucks (courtesy of the Tooth Fairy), my father started enforcing the rule that the topic of money was off-limits in polite conversation. There was no, “Hey, how much was your incisor worth?” in my house. And the one time I asked my dad the amount of the bill at a restaurant, he handed it to me since he assumed I was offering to pay. I never asked again. Keep reading »
One of my favorite coats is a gorgeous knee-length number that coordinates with almost anything. The best thing about this coat is that I paid the criminal price of $10 for it. I found it on a clearance rack. It was the only coat of its kind and happened to be in my size; our relationship was obviously meant to be. It lacked a price tag, however, and I was scared this meant it would be expensive. When I asked the cost, the manager pulled a jacket of lesser quality from the same rack and said she’d give me my coat for the same insanely low price. Delighted, I showed her where the coat was missing a button, thinking she would have a suggestion for replacing it. Instead she shrugged and offered to knock off an additional 10 percent. I couldn’t hand over my debit card fast enough, and when I got home? The missing button was tucked in the pocket.
As adorable as the coat is, the amazing bargain makes me love it more. While my steal was more the result of a tired manager than my intense negotiating skills, it definitely whet my appetite for wheeling a good deal. Knowing how to ask for one can be intimidating, though. Jim Camp, negotiation skills trainer and coach, and author of Start with No, offered this advice for the negotiating novice. Keep reading »