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Need just a simpler fake discount detector? Here are two…

  Need just a simpler fake discount detector? Here are two… At the end of the day, common sense will keep you from being tricked by a fake discount, says Mark Stiving, chief pricing educator, Impact Pricing LLC. “Maybe, one out of 1000 of these huge discounts turns out to be a great deal. If you need a rule of thumb, don't buy something discounted more than 50% unless it’s from a reputable retailer you know well,” he suggests. Woroch advises shoppers to do the math to determine the actual percent savings. "Stores know people see more value in a bigger dollar savings," she said. "In the end, the $10 off $50 and $20 off $100 is the same percent savings so don't spend more because you think it's a better value. Buy what you need only!”
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Stean says that he uses three online tools:

  Stean says that he uses three online tools:  CamelCamelCamel: A browser extension (Chrome, Safari, et al) for Amazon shoppers that claims it can give a person immediate insight into a product's pricing trends, and the ability to sign up for price drop alerts. Honey and Rakuten: “For those with less than great memories, install an online price tracking tool to do the work for you,” Stearn told ConsumerAffairs. “Honey helps you see if things are historically low, high or average, helping you decide if now or later is a good time to buy. Rakuten helps me get discounts on things I do want to buy, bringing the price down to something reasonable or even deal-level.” If you’re not into widgets and extensions , then the old-fashioned homework pen and paper route will work just as well. To do that, Cid says there are two essentials: Do Your Research: Compare prices across different retailers or websites to ensure that the discounted price is genuinely lower. Familiarizing yourself with th
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