Store Returns In Your Horizon? How To Return Store Merchandise

by Emiley Thacker on January 5, 2009 in Consumer Issues, Smart Shopping

Want to know how to handle store returns? Here’s how to return store merchandise without fuss, along with some basic shopping tips to live by.

I am notorious for avoiding store returns; I don’t usually return purchases that don’t live up to my expectations. A dear friend used to scold me for it, but it wasn’t a habit that I tried to change until recently when it finally occurred to me that I’ve wasted a lot of money over the years by keeping items that have disappointed me.

I’m pretty good about researching products before buying: I read up on tips to shop for clothes and try on clothing before I make it mine, and I’m thorough about checking over workmanship before making a purchase. Still, there is the occasional purchase that just isn’t quite right, and it makes no sense to simply accept an item as it is when returning it is an option.

store returns, return store merchandise
Image by IntangibleArts.

Tips on How To Return Store Merchandise With Minimal Fuss

Many retailers make it very easy to return an item, but there are some that don’t. Here’s how to make that return as painless as possible:

  • Keep your receipts or other proofs of purchase until you’ve determined that the product meets your needs AND the return period has expired.
  • Make sure you are aware of the retailer’s return policies before making the purchase — especially when purchasing big ticket items. If you’re really unsure whether you’re going to like something, it may be worthwhile to do some research to find a retailer with a liberal return policy.
  • Be aware that policies regarding returns of electronics are typically very strict, and always keep all original packaging and documentation for these types of purchases.
  • Understand that a retailer’s policies may not be the same for all items. Clearance or sale items may be ineligible for return, or may have a shorter return period than other items. Other items may be eligible only for exchange or store credit, rather than refund.
  • Beware of restocking fees.
  • Consider purchasing an extended warranty, or using a credit card that extends the manufacturer’s warranty period, for items that may be difficult to return to the retailer in the event of malfunction.

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Budgeting Tips, Car Loan Questions, New Year Resolutions: The Roundup

by SVB on January 4, 2009 in Money Roundups

How about emerging from our holiday stupor with the help of some financial reading material? Nice writeups here on budgeting tips, consumer debt and new year resolutions. Here we go!

Personal Finance Articles

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Buying A Computer? Check Our Computer Shopping Tips First

by Jacques Sprenger on January 2, 2009 in Money Saving Tips, Smart Shopping

Buying a computer anytime soon? Check out our computer shopping tips before making your purchase.

Stuff I Learned While Buying A Computer

A couple of months ago I had a need for a new desktop computer; mine was 5 years old, which is equivalent to 80 years for a human ;) . After searching the Internet (where else but places like Buy.com, Dell Home Office, HP) for 2 weeks, I finally decided to take a ride to Best Buy (yeah, I know, I like to put my hands on what I buy, unless it’s an intangible, of course.)

I tried to do my homework, so I was full of precious technical information (I am no geek in electronics, but still), such as RAM and ROM, video card size, GHz, WSVGA TFT, gigabit Ethernet, etc. You get the full picture, I hope, because I still don’t. To make a long story short, I finally bought a CPU that was on display for almost 50% less than new. But before I took it home, I talked to the specialists. They told me what I wanted to know and that clinched the deal.

buying a computer, computer shopping tips
Image by Dvice.

Computer Shopping Tips

1. Find out the kind of computer technical support you’ll get.

The best part of buying a computer is the service that comes after the purchase. After all, most good brands are similar in quality and price; but many of them “suck” (pardon my French) when it comes to good support. They simply told me at Best Buy that all I had to do was to take the CPU to the store and they would fix the item for free for one year (I could always buy a warranty extension).

2. Check ratings and reviews for the best computers and best support available.

If you’re in the market for a new computer, check the latest recommendations, reviews and rankings available. The web is chock full of information that will tell you which computers are consistently topping the rankings. For example, here are the best desktops (according to Consumer Reports® at MSN Shopping): HP Pavilion m9100t, HP Pavilion a6250t a6350t (see HP for details), Dell Inspiron 530s (see Dell for details).

3. Decide if you’ll spend for an extended service and support plan.

We can learn a little bit too from what MSN.com says about the best extended service and support companies:

“Along with Apple, Dell and Gateway’s extended plans were also better at problem solving than their standard support. Spend no more than 10 percent of your computer’s price for each year of extended coverage.

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Happy New Year From The Smarter Wallet. Welcome 2009!

by SVB on January 1, 2009 in Announcements

Welcome to 2009 everyone! Wishing you a wonderful new year ahead — one that we hope will be full of opportunities and good fortune. We look forward to more blogging this 2009! Thank you all for your warm support.

happy new year, 2009
Image by Flickr.

Happy New Year To All, From Your Friends At
The Smarter Wallet!

 

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Best Money Articles from The Smarter Wallet, 2008

by SVB on January 1, 2009 in Money Roundups

We’ve finally hit the New Year! Well to mark that change — hopefully to a bigger and much better 2009 — I’d like to give you a quick summary of the year that flew by for us here. We launched The Smarter Wallet in late August and so far, things have been going quite smoothly!

The folks behind The Smarter Wallet have diverse backgrounds in writing and finance, and we all have our different writing styles, but we’re all bound together by our interest in sharing with you our experiences and opinions about personal finance and consumer matters. We’re not financial professionals, but we aim to write about the stuff that is commonly of interest and concern to most folks. Hopefully we’re touching upon the things that do matter to our pocketbooks.

Best Money Articles from The Smarter Wallet, 2008

Articles About Saving Money and Spending Wisely

Credit and Debt Articles

Money Management and Productivity Articles

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Cheap Meals You Can Cook At Home To Save Money!

by Millie Kay G. on December 30, 2008 in Money Saving Tips

Save money with cheap meals you can make and suggestions for dishes you can cook at home and enjoy.

When you cook at home and dine in house, you’ll typically save more money than if you eat out. Recently, I’ve tried cutting the cost of eating out, and have ventured into organic food territory. Now seems like a good time to go through the menus and recipes I’ve been using, to find out what we can fill up on for less.

Cheap Meals You Can Cook At Home To Save Money

cook at home, cheap meals
Image by Mikes Journal.

The Breakfast Clubber

Some people like to skip breakfast, but I need it to maintain the energy to keep moving. However, rather than relying a lot on convenience foods that can hit me hard in sodium and price, I look for low-cost options. Since I’m not a fan of eggs, I tend to gravitate toward the simple, quick choices such as toast, fruit, or yogurt.

If I have the time, I’ll upgrade the toast into grilled cheese or have a bowl of cereal. When the weather turns colder, I sometimes enjoy oatmeal with fruit and nuts; considering my desire to lose weight, it’s a healthier choice than the sausage biscuits and hash browns at the fast food place.

During the weekends, I might want to bust out the waffle iron and prepare goodies to store in the freezer. A waffle with peanut butter and a pear could keep me going until lunchtime.

Keep Your Lunch Money

I’ve worked at places where everyone would go out to lunch. However, while I wanted to allocate my lunch bucks to other funds (like my high yield savings account), I didn’t want to schlep pbjs all the time, either. When I had leftovers to spare, I brought them for lunch to heat up in the microwave. I also made salads and sandwiches that were interesting enough to keep me from wandering into an expensive deli.

How about tuna salad in a whole wheat pita? Or a wrap with veggies and cheese? I could trade in that brown bag for a reusable lunch tote and I could add a piece of fruit or another low-cost treat for dessert.

And let me note that I love ramen every so often, but not its sodium or preservatives. I tend to add veggies and some slices of chicken breast to the noodles, if I have them, and I remind myself that I don’t have to consume everything in the bowl to feel full.

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Are Fixed Annuities Right For You? Some Pros and Cons

by Jacques Sprenger on December 29, 2008 in Investing, Managing Money

Should you own fixed annuities? Here’s a short discussion of the pros and cons of a fixed annuity, along with my own personal experience with this type of financial instrument.

The different types of annuities are so complex that an ordinary citizen may find it difficult to find a way to decide if they are good financial instruments. Just to give you a taste of the types of annuities available, let me cite the following terms: fixed annuity, equity-indexed annuity, deferred annuity, fixed period vs. lifetime annuity, single premium vs. flexible premium annuity, variable annuity. Enough complexity to confuse a Wall Street broker (hey, that already happened, right?).

fixed annuities, variable annuities
Image by AARP.

For purposes of this article, I’d like to take a look at the type of annuity I do own — the fixed annuity:

Fixed Annuities, Some Pros and Cons

My wife and I decided a few years ago to invest in a fixed annuity with a 10-year life span. After 4 years, we’ve made a 13% gain through an option that allows you to apportion your investment to the Dow Jones, S&P 500, Nasdaq or simple low interest. The first year of the annuity guaranteed us 10% interest, no matter what (as per Allianz).

Yes, we chose Allianz (no commission for me) because it is an international insurance company with an outstanding financial record and huge assets. The main advantage of owning such an investment? To manage your risk better. In our case, we sleep better at night knowing that our risk is minimal to non-existent. A big plus is that we don’t pay taxes on the gains until the end of the contract, and even then we may opt to receive monthly payments instead of a lump sum. We will pay a regular income tax, however, when we withdraw a certain amount every year (up to 10%), but that of course depends on when we do choose to withdraw.

Forced Savings and The Fixed Annuity

Please remember to shop around for the best deal; not all fixed annuities are equal in benefits. Consider the fixed annuity as a type of savings that will allow you to reach a certain goal, such as college for your kids (though a 529 college savings plan is another option). You can choose to make additional payments into your initial investment according to your budget. An automatic monthly deduction may be a good choice for “forced” savings. But the moment you decide to withdraw the capital before the expiration of the contract, a hefty penalty is applied, so do it only in an absolute emergency. You’ll avoid penalties altogether if you build an emergency fund separately!

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Cheap Dollar Meals, Money Management Help For Teens, Frugal Tips

by SVB on December 29, 2008 in Money Roundups

This holiday break, I’ve been seeing some fun-filled days with my extended family during which I’ve spent the time watching movies, playing board games, and just reconnecting with the loved ones I only see once, or maybe twice a year. So pardon our somewhat erratic schedule here, which we may continue to have over the next few days. Still, I’ve managed to squeeze a few reads here today, courtesy of some of my favorite blogs from the financial blogosphere. Hope you enjoy these articles as much as I have!

Personal Financial Reads

Recent Carnivals

 

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