Tricky Sales Tactics

Consumers need to become aware of the tricky and misleading sales tactics used by stores to tempt you to spend more money. On the road to debt settlement you need to be aware of how you spend your money and make informed decisions about what you really need. Here are some common tricky sales practices incorporated by retailers to entice you to spend more money than you typically would.

Price Points:

According to TheStreet.com, a leading financial media company, consumers spend more money when prices end in "9". This may explain why many stores may charge $19.99 for an item, as opposed to $20. In order to keep track of your spending, it may be wise to carry a calculator while you shop so you can see the minuscule difference.

Stock-Up Sales:

Many stores offer "Buy One, Get One Free" sales. If you do not think you will use "two" of a particular item, read the store requirements. You may be able to purchase one for half of the price. Stores may also promote sales such as "5 for $9.99" or "3 for $7.98". Once again, ask yourself if you need to buy that many items. If not, do the math and figure out how much it is to buy just one.

Mail-In Rebates:

These offers can provide some savings to consumers. However, stores are expecting that most customers will not follow through with the requirements. According to Bankrate.com, at least 50% of consumers do not claim their rebates because they forget to cut off the UPC, lose the rebate form, or they just simply do not want to be bothered by all of the paperwork.