Steadfast FinancesBest Reads of the Week: Social Media Bargain Hunting, Tax Tips, & Rethinking Life Insurance

Best Reads of the Week: Social Media Bargain Hunting, Tax Tips, & Rethinking Life Insurance

Filed in Administration , Bargain Hunting , Saving Money 7 comments

With my least favorite holiday behind us and my favorite holiday around three weeks away, I think it’s time to start discussing some new and clever ways to save a few bucks on Christmas gifts. I’m all about bargain hunting, but loath shopping, so I’ve been looking for novel ways to have the deals come to me instead of vice versa.

I rarely do the shopping mall grind anymore, so if I can leverage the power of social media to find where the bargains and online coupons are hiding… I’m a happy camper.

Christmas Savings Tips

Bargain Hunting Tip - Shopping deals via social media

Buxr is a bargain hunter’s best friend since it’s allows cost conscious, like minded people to come together and share their best discoveries. Like any social media site, the best submissions make their way to the top, get a popularity ranking, etc.

Best part is — you can go hunting for deals yourself on the site, or have them delivered to your RSS Reader.

The section on Netbooks caught my eye. $200 for a Netbook seems like a pretty good value to me.

Bargain Hunting Tip #2

I really haven’t gotten around to using since it isn’t in my closest city just yet, but “groupons” (wordplay combination of group and coupon) really does seem like a great way to leverage group demand to get a lower price. The business model is pretty simple: you a discounted price and they get an increase in sales. If they’re lucky, you’re a satisfied customer and might decide to return without a groupon.

As the small business owners will tell you in the video, it has been a clever way to keep customers walking through the door by providing a win-win relationship for both entrepreneurs and consumers. It’s only available in most large cities, but I’m betting the idea will spread and become more prevalent as time progresses.

Bargain Hunting Tip - bargain hunting tips

If you’re not accustomed to bargain hunting on the web, it is very easy to be misled into thinking you’re getting a bargain when you’re not. In fact, there are certain types of web based businesses that buy from one website, and sell them for another on a different website (like at a substantial markup.

To combat this, I like to confirm that I’m getting the lowest price possible using

It takes 2 seconds to use: all you do is input the name of your item, the web address of the item you want to buy, and the price. It scours the web and will spit out a cheaper price if it’s available, and will also tell you what other sites are charging for the same item.

More Christmas Deals

Your December “Bundle of Joy” Could be Worth a Bundle

TurboTax is holding it’s 3rd annual bundle of joy contest by giving away $5,000 to the cutest baby born Dec. 1-31, 2009. How’s that for a Christmas present?!

Not only did you get a bundle of joy just before Christmas, but you got a really cute kid that just won you $5000. If only my nephew hadn’t been born in July!

Win $500 in the 2009 Credit Card Chaser Love/Hate Credit Cards Contest

The Credit Card Chaser blog is running a $500 essay/blog contest searching for the “reasons you love one credit card but hate another”. You can enter the contest by writing a blog post (if you have a blog) or by writing an essay and submitting it in the comment section on their blog. I can’t exactly say I hate my Discover Card since they lowered my spending limit last year, but I do admit to being in love with my Charles Schwab Cash Back Visa with free ETF trading.

Thought Provoking Posts from the Blogosphere

The Ultimate Vanity Plate.

Investment bankers are probably the most hated members of the American workforce in 2009, so I’m going to bet the smug humor of a VP placing 2BG2FAIL on his Porsche’s license plate will not be applauded by Morgan Stanley’s PR department. Hey, at least it’s not as bad as Goldman Sachs’ recent PR nightmare.

Why the World Forgive Rich and Famous People for Cheating?

Good question! I don’t know the answer but it’s generating some debate at the Financial Samarai’s blog.

Personally, I couldn’t care less where Tiger Woods has been washing his (golf) balls, so was never angry enough to need to forgive him. It’s his life, let him live it or screw it up however he chooses.

How the Government Punishes You for Being Financially Responsible.

Ugh. Just ugh.

Reminds me of the Hair of the Dog analogy. The spiked Kool-Aid gave you a monster hangover, but you have to continue drinking more of it to get better? Strange how spending your way into prosperity and subsidizing the folks who caused the mess is supposed to bring us out of the financial crisis.

What is Your Life Worth?

I’m not a huge proponent of life insurance since I have no family liabilities or dependents, but for those who do, this is one of those posts that might throw a monkey wrench into your apathy (like it did with mine).

Life insurance is one of those things you never need until you need it, so it’s a subject matter worth reviewing from time to time.

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Disclosure: None of the sites mentioned are sponsored reviews. Just clever ways for bargain hunters to save a few bucks.

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Posted by CJ   @   6 December 2009 7 comments
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Dec 6, 2009
10:35 pm
#1 Financial Samurai :

Nice set of links for bargain hunters!

BTW, added your site to my blogroll for the new month!



Dec 6, 2009
11:15 pm
#2 Matt SF :

Cool, thanks FS!

Dec 7, 2009
1:14 pm

Just in time for the holidays! I agree with your take on Tiger Woods, it’s his life, and everyone has their dirty laundry. Shows how little the media really have to report. Shame on us for even caring.

Sorry you hate Thanksgiving the way you do, to me it’s the calm before the storm, and to be savored to the Nth degree.
.-= Kevin@OutOfYourRut´s last blog ..Seek Fulfillment Beyond Your Work =-.

Dec 7, 2009
4:45 pm
#4 Matt SF :

@ Kevin,

In retrospect, I probably should have made those bargain hunting tools into a real post instead of a link roundup, but too late now.

I wouldn’t say I hate Thanksgiving in the way I hated Brussels sprouts as a kid, but I think it’s just that I wish it was more of a low key event like Christmas. I’m finding the older I get, the more I strive for simplicity and peace versus cacophony and chaos. Guess I’m screwed if I ever have kids!

Dec 7, 2009
4:52 pm

Yeah, if you ever have kids, it’ll flip and Christmas will become the stress holiday. We’re in the middle of that season right now!

I see what you mean about stress and the holidays though. Too much fanfare leads to all kinds of issues. There was program on last year about this time called American Christmas, that tracked the holiday as it is celebrated in six families. It was interesting to see the stress it caused on all of them, from the outside. It’s probably true for many of us. We want the holidays to be perfect and end up packing them with more than we can comfortably handle.
.-= Kevin@OutOfYourRut´s last blog ..Seek Fulfillment Beyond Your Work =-.

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