Penny Wise Pound Foolish

We will explore what it means to be Penny wise Pound Foolish.

Being penny wise is picking up the bread that is ten cents less at the grocery store. Yet when a new bread box is needed you just grab one.

One of the reasons this happens is because its easy to find several different types, and prices in bread.

We are familiar with the grocery store so it really is a habit. We just need to make bread box shopping a habit also.

That was an easy example though! I mean lets face it you can live without a bread box till you find a good buy.

Lets try a harder example. You make sure to get the cheapest gallon of milk on the way home from work. But you go out, and buy a refrigerator at the first place you look. Because lets face it you need it, and the price looks good. Right?

We can't put our blinders on when it comes to the big ticket items. We have to stay aware, and informed.

The internet can really help you find your best deal. I am not talking about ordering a refrigerator over the internet, the shipping would be awful! But it can help you find your best local deal.

Heres how: There is a site called salescircular.com that shows you your local weekly sales. These are the some of the same sales that end up in your Sunday newspapers middle section. The site is arranged by states. Each week the sales change.

What kind of big ticket items:

Electronics - TV's, Cameras, GPS, Phones, Stereos, DVD players etc...

Major Appliances - Stove, Dishwasher, microwave, refrigerator, freezers, washer and dryer

Computer hardware - Computer, monitor, printer, and all the other hardware video card, flash memory etc...

Computer Software - all the computer games you can find. And video games.

Cellular phones - regular service and pre paid.

Plus much more...

Thats fine but many people do not have major shopping centers near them. We understand that. With gas so high right now you can call around, and find the best price on your major purchase.

You find out what kind they have, what size they have, and the cost. Then you look around the internet to see if its what you need, a good price, and the right size. You should be able to find a picture of it somewhere also.

Even in a situation of great stress, take the time to shop around.

So instead of penny wise pound foolish you can remember to pinch a penny is good, but get the "pound wise" in there also.

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