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6 Things You Should Buy On Amazon And 5 Things You Shouldn’t

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6 Things You Should Buy On Amazon And 5 Things You Shouldn’t

We are addicted to online shopping and why shouldn’t we be? Twenty years ago, if we wanted to buy a new television, we went to three or four different stores, compared brands and prices, and then made our decisions. When we needed to do our Christmas shopping, we hit the mall, fought for a parking space, and trudged through crowds and long checkout lines. It was exhausting.

Then along came our salvation — major retailers opened up online stores, and Amazon, which once only sold books, expanded into the universe of “everything.” Gleefully, we get online and do all of the comparison-shopping we want — or do we?

Amazon has become the largest player in the field of online shopping. It is just so easy to go to one website for absolutely everything we could even hope to need or want, purchase our items, have them gift-wrapped and shipped if necessary, and worry about the credit card statement later. Yet, many economists say that online shopping is one of the biggest reasons for credit card debt today.

Surprisingly, the consumer associations found out that a lot of us do not take the time to run a quick price research and shop around. In the case of Amazon, it is just too convenient not to do so. However, comparing prices from different retailers can save you a lot of money. Doing some research online before buying anything is a good habit to get into. Comparison-shopping is a smart move on everything from buying milk to choosing a new credit card; using websites like CompareCards can help you locate the best cards for your needs like 0 percent balance offers or cards with no annual fee.

However, I did some research for you. Here are six types of products that are much cheaper to purchase on Amazon, and five that you’d better get somewhere else.

Good Buys on Amazon

The thing about a company like Amazon is that there is an entire department that does nothing but run comparisons on popular items, in order to make their pricing highly competitive. So, in recent years, many of the items that were typically more expensive on Amazon are now either the same or less than other major retailers. While food, dog food, and paper products are still higher on Amazon, many others are not:

1. Diapers

New parents are often baffled by the amount of cash spent on baby essentials. The good news is you can reduce the spending a lot if you start stashing on Amazon. Here’s Amazon’s price on the 216-count package of Step 1 diapers:

Pampers Amazon

    And here’s Walmart’s:

    Pampers Walmart

      Today, Amazon beats Walmart, even if only by a small amount!

      2. Small Kitchen Appliances

      This category as appeared on almost every list of things never to buy on Amazon, but things have changed a bit today. Here are three random items selected from Amazon’s list:

      Ninja Master Prep

      Ninja

        And Walmart’s Price

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        Ninja Walmart

          Exactly the same, but with Amazon you don’t need to leave the house and spend extra money on gasoline.

          And Amazon’s price on the Presto Cool Daddy Cool-Touch Fryer

          Amazon

            And Walmart’s:

            Walmart

              And here was quite a shocker. The Hamilton Beach 6-speed classic stand mixer on Amazon was a full $20+ dollars less! Anyone looking for small appliances should certainly check Amazon’s prices rather than just assuming they will be higher!

              3. Household and personal care items

              A quick researched proved that Amazon offers a bit cheaper prices that Walmart on different household and personal care items like washing powder, detergent shampoos and more. Rather than shop online for such things as shampoo, conditioner and lotions, local members-only warehouse stores and dollar stores have huge variety for far less than online retailers as a whole. Laundry detergent was something possible worth checking, so a comparison was run on Tide Pods Detergent. Amazon’s price was $17.97 for a 72-count package, while Walmart’s was exactly the same. Further, Amazon price members pay no shipping ever, although Walmart does now have such a “club.”

              Tide Amazon

                Walmart Price:

                Tide Walmart

                  4. Small Electronics

                  Small electronics are a mixed bag for Amazon. While they meet some prices of Walmart and BestBuy on such things as MP3 players, they are pricier on others. The Kindle Paperwhite 3G, for example was $10.00 more on Amazon:

                  Kindle

                    BestBuy’s Price:

                    Best Buy's price

                      While BestBuy’s price represent a “sale,” it should also be noted that this chain will match any price on any item sold by another retailer!

                      5. Larger Electronics

                      Televisions are always a popular item for comparison. The one selected her was the Samsung 32-inch, 720p LED TV. Comparing Amazon, Walmart, and BestBuy, Amazon came out ahead!

                      Amazon

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                      Amazon TV

                        While the text says “click for product details, when you do, you will discover that, indeed, Amazon does have new ones at the $183.15 price.

                        BestBuy

                        BestBuy

                          More expensive, but, there is that price match guarantee!

                          Walmart:

                          Walmart TV

                            6. Books

                            Most comparison lists claim that Amazon is higher than big box book stores. While there are not many left, there is Barnes and Noble, and here are the price comparison on three books that are new releases.

                            Amazon: Sister Mazie, Pirate Hunters, and In the Unlikely Event:

                            Amazon Book 1

                              Amazon Book 2
                                Amazon Book 3

                                  Barnes and Noble:

                                  b1

                                    b2

                                      b3

                                        Amazon hold its own against the big box store!

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                                        And now let’s take a look on the things you should get in your corner store or Target instead of ordering through Amazon.

                                        1. Food

                                        Yes, you can now order fresh food delivery through AmazonFresh if you live it Seattle, Los Angeles, San Fransisco or San Diego area, NYC and Philadelphia city center. Because Amazon only delivers fresh groceries to a few cities on the west coast of the United States right now, comparing prices on fresh foods with grocery store chains across the country is impossible. However, there are plenty of boxed and canned food items that are shipped by Amazon, and in general they are more expensive than the items in stores and at other online retailers. Here is the pricing on Kellogg’s nutria-grain bars at Amazon:

                                        Amazon Food

                                          Walmart does not sell boxes of 48-count Nutri-Grain bars, but it does sell 16-count boxes, 3 of which are equal to Amazon’s box. Here is its pricing:

                                          Walmart food

                                            3 boxes of at $4.78 each comes to $14.34, beating Amazon by $5.00!

                                            Want to save even more money on food? Here are some great hacks for spending less on groceries at the supermarket.

                                            2. Power Tools

                                            Other online retailers continue to beat Amazon prices quite handily. For example, there is the most recent pricing for a Black and Decker 20-volt cordless drill/driver at Amazon:

                                            Amazon Tools

                                              And here is the price at CPOOutlets.com, a discount online retailer:

                                              Tools

                                                3. Paper Products

                                                Paper towels and toilet paper really should be picked up locally, but for those who just must shop online, here is a comparison price just on one type of paper towel – Viva.

                                                Amazon Price:

                                                Amazon Paper

                                                   

                                                  And here is Walmart’s price:

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                                                  Paper

                                                    Amazon’s price is for two 12-count packages. The equivalent for Walmart would be three 8-count packages for a total of $26.91. That’s a $7.00 price difference!

                                                    4. Dog Food

                                                    Walmart beats Amazon here too. Consider this bit of comparison shopping!

                                                     Amazon price for Kibbles ‘n Bits:

                                                    Dog Food Amazon

                                                      And Walmart’s:

                                                      Walmart Dog Food

                                                        If we compare the price per pound, Amazon’s cost is $.54, while Walmart’s is $.51, that’s $1.35 less per 45 bags, times how many bags are purchased in a year?

                                                        5. Clothing

                                                        Name brand clothing continues to be more expensive on Amazon than at other discount clothing retailers. And if you know the item you are shopping for, there is no reason not to just “Google” it and compare. For example, it was quite easy to compare the price of a men’s Nike cord body mapping polo shirt, priced on Amazon at $45.99.

                                                        Amazon:

                                                        Nike Amazon

                                                          And here is the price on eBay, with no bidding:

                                                          Ebay

                                                            Comparison online shopping is easy to do, and, really, if you want the best bargains on anything, you are well-advised to closely check. Going to Amazon, or to other big retailers (BestBuy, Home Depot, Walmart) will is more certain, in terms of product availability, but if you take the time to “Google” the item you want, you will discover a number of discount outlets that are carrying your item at a hugely discounted price. And when you do shop the “big boys,” understand that their prices change quite often, dependent upon what they find their competition is doing. Shipping costs must always be considered as well, as you compare the total price you will actually be paying. But above all, be wise, lots of little savings over time accumulate to bigger ones!

                                                            More by this author

                                                            Elena Prokopets

                                                            Elena is a passionate blogger who shares about lifestyle tips on Lifehack.

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                                                            Last Updated on July 20, 2021

                                                            Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

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                                                            Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

                                                            Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

                                                            Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

                                                            Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

                                                            In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

                                                            Break Free of Your Finances

                                                            Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

                                                            When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

                                                            Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

                                                            Though it seems hard to believe, it is really very simple to get financial freedom.

                                                            To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

                                                            While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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                                                            Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

                                                            1. Stop Unnecessary Spending

                                                            We often spend money inwardly, instead of objectively.

                                                            For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

                                                            To stop this habitual spending, log down all your spending over the course of a month.

                                                            Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

                                                            This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

                                                            2. Plan a Monthly Budget

                                                            This is a great opportunity to get serious.

                                                            Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

                                                            Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

                                                            3. Cut-up Credit Cards

                                                            Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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                                                            If not, you may want to consider ridding your life of the burden that credit cards bring.

                                                            Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

                                                            Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

                                                            4. Increase Savings

                                                            There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

                                                            It’s good practice to save up to 15% of your income.

                                                            Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

                                                            Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

                                                            5. Invest Wisely

                                                            Consider investing in funds.

                                                            Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

                                                            To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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                                                            Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

                                                            6. Invest in Gold

                                                            There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

                                                            You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

                                                            Another way to invest in gold is through ETFs (Exchange Traded Funds).

                                                            These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

                                                            With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

                                                            7. Stash Emergency Funds

                                                            Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

                                                            If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

                                                            Make it hard to get your cash.

                                                            Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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                                                            8. Find Fabulous Mentors

                                                            Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

                                                            If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

                                                            There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

                                                            9. Be Extra Patient

                                                            Patience is the key of financial success.

                                                            Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

                                                            So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

                                                            Financial Freedom for All

                                                            Anyone can achieve financial freedom, regardless of their financial circumstance.

                                                            Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

                                                            Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

                                                            Featured photo credit: rawpixel via unsplash.com

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                                                            Reference

                                                            [1] Hartford Gold Group: IRA Retirement Accounts

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