Stretching YOUR DOLLAR

May 2008
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Buy Used and Save Big

1:28 PM Wed, May 21, 2008 |
Rich Kurz
 E-mail

Coming home with a brand-new item can be a great feeling, but so can coming home with something new to you - and saving some money at the same time.

Liz Pulliam Weston, the personal finance columnist for MSN Money, came up with a whole list of items she says you're better off buying used.

First off - jewelry. One-hundred percent mark-ups are common at retail stores, meaning if you do need to sell a piece of jewelry that you've bought, you'll be lucky to get a third of what you paid for it.

One exception to this rule is if you want something custom made. But even then, Pulliam Weston suggests buying something used and having it reset.

Another thing she says to never buy new - kids toys. Parents know it's all but impossible to predict which toys will be a hit with your kids, so rather than gamble at full price, try checking out consignment shops and yard sales for bargains.

Like working around the house, or in the garden? If so, why pay full price for hand tools?

Well-made items with few or no moving parts, like hammers, wrenches, and shovels can last for decades. They're also easy to find at yard sales.

Those are only three of Pulliam Weston's Top 10 list of things you should never buy new. You can read the rest of the list right here.

Have a tip you want to share? Click below on comment, and leave us your idea there.




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