Wednesday, December 31, 2014

Great Buys During Recession

The economy is still on the downturn but top financial experts say this is the best time to spend. According to billionaire Warren Buffett, "Buy when everyone else is running and run when everyone else is buying."

1. Electronics like computers, laptops, video games and even stereos have been dropping in price thanks to smart phones and tablets. The prices on these items hiked up substantially several years ago and the old addage of "What comes up..." is definitely in effect.

2. The home appliance industry has been hit hard by the foreclosure and real estate tank. Energy efficient washers, dryers, refrigerators, water heaters and even air conditioners are great buys that save you money in the long run. You may also be eligable for a nice rebate from the government also. Retailers such as Brandsmart USA, Best Buy and Lowes will do whatever it takes to move their merchandise from their sales floors to your home with free delivery, no sales tax or deep discounts.

3. The Cash for Clunkers program has ended but dealerships are still offering low prices. Some dealerships are offering vehicle returns or programs where they pay your payments if you lose your job.

4. Many restaurants have survived the economic downturn by offering groupons, coupons and two for one specials. Check your local salespapers for cut rate deals, you might be surprised that even the swankiest of places have followed this trend. Though you are getting a great deal, don't forget to tip your server on the "Original UN-discounted Price" of your bill.

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