Woman balancing checkbook

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If you're looking for ways to get more for less, "Ultimate Cheapskate" Jeff Yeager is your man. Jeff, author of The Ultimate Cheapskate's Road Map to True Riches, shares easy ways to become a better negotiator and save money.
Saleswoman and customer

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According to Jeff, nice guys finish first. "Don't be a schmuck," he says. "Always be friendly and polite when asking for a better price. I often ask for (and receive) a 'Nice Guy Discount'—a discount based simply on the fact that I'm a nice guy."
Clerk and customer

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Be honest, but don't be shy, Jeff says. "Don't fabricate or exaggerate, but politely speak your mind if you're dissatisfied with the service you've received or the quality of a product," he says. "It may very likely get you a discount."
Woman holding container of fruit

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If you want a quantity discount, first negotiate the best price for a single item and then reveal that you're interested in buying more than one, Jeff says. "The per-unit price should drop even more," he says.
Sale sign

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Watch for sales before and after you buy, Jeff says. "Many retailers will give you the sale price or match a competitor's sale price, even if the item you're interested in isn't on sale at the time," Jeff says. "Some will even refund the difference after the fact."
Woman paying cash

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Paying with cash instead of a credit card can often get you a better price because vendors typically pay a processing fee on credit card transactions, Jeff says.
Woman customer and salesman talking

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Don't sell yourself short by naming a price. "Let the salesman name his price first," he says. "Don't tell him what you're willing to pay—ask him what he's willing to take. He might start with an even lower price than you would have proposed."
Calendar

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Never bargain on a Monday. Jeff says the best deals are made late in the week, particularly on Fridays and especially before holidays or three-day weekends. "Everyone's in a good mood and wants to wrap things up," he says.
Woman giving paper to cashier

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If you're still shy about haggling for a better price, take a baby step by asking if you're eligible for a discount based on memberships, Jeff says. "Promotions" also is a magic word for many catalog companies and other retailers. "Just ask if any promotions are currently being offered, as many times discount programs are available but the customer needs to mention it first," he says.

More of Jeff's advice on how to be a cheapskate and still enjoy a high-quality life
The information provided here is general advice and you should always consult your own financial adviser before making major financial decisions, including investments or changes to your portfolio. The opinions expressed by the hosts, guests and callers to Oprah Radio are strictly their own.

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