Some live by the motto “Everything is negotiable.” While others accept the cards life deals them. Regardless of which camp you fall in, one thing is for certain - you would like to come out of a situation saving money and knowing that you got the best deal. Here are 10 things that you should always negotiate.
1. Job Benefits
Negotiating your salary is a given. But you also want to negotiate your benefits when landing a job, especially if you are left with a salary offer that doesn’t meet the numbers in your head. See if there is opportunity for a signing bonus, extra days off, or the chance to work remotely, which will save you money for transportation. Because so much work is down outside of the office these days, ask if they will pay for your cell phone and Internet bill, or purchase you a laptop for work.
If you are getting ready to renew your lease, don’t blindly accept the increased rental price you being given. Prepping the property to put back on the rental market is going to cost your landlord. They may even lose money by trying to bring in a new tenant. This makes it an opportune time to negotiate your cost of rent.
Source: Brighter Tomorrow Properties
There are a few opportunities for negotiation when buying a new home. Price is the most obvious. If you’re not satisfied with the final price being offered, ask the seller to cover closing costs or maintenance issues and repairs you discovered upon inspecting the house.
Don’t accept the first rate your mortgage company quotes you. If you have good credit or are making a big down payment, you have a wide opening to negotiate a lower rate.
Source: J.D. Power
Bargaining for the best deal when buying a new car is expected. You NEVER want to drive away from a car dealership having just paid the sticker price. Go into the situation with the mindset “Everything is negotiable.” The trade-in value for your old car, price of the car you are interested in buying, and warranties are all open to negotiation.
6. Credit Card Fees
One important reason to have a good standing credit card account is that it opens the door to negotiation. Talk with your credit card company about lowering credit card rates or waiving annual fees. Even if you don’t have the best track record when it comes to your credit card, some companies are willing to work out payment plans when you can’t meet the minimum payment requirements.
7. Your Bills
Source: U.S. News, Money
Most of your bills are open to negotiation. If you notice an increase on your cable bill, call up your provider and tell them you saw a better deal with another company. If you are paying a medical bill out-of-pocket, ask your doctor or the hospital if they will come down on price. Compare car insurance rates once a year to see if you can find anything lower. Let your insurer know and they may be willing to match it.
8. Cell Phone Contract
Do your research before singing up for a new cell phone contract. Companies like Verizon, T-Mobile, and AT&T want to get the most money out of you as possible. When it’s time to renew your contract, go in with prices of competitors. Tell your company you are shopping around for the best deal, like a certain package, and are considering switching your service. They may be willing to match the package and come down on price.
9. Furniture and Large Home Appliances
Source: Gullstén-Inkinen Design & Architecture
Buying new furniture pieces and large home appliances like a dishwasher is expensive. Don’t be afraid to bargain the price tag hanging off the sofa you want. If the floor salesperson says they can’t help you, ask to see a manager. They have more pull and are more likely to bring the price down for you.
10. Used Items
Whether you are shopping at an upscale vintage boutique, thrift store, or weekend garage sale, you should always negotiate the price of the item that has captured your interest. Often, sellers are willing to negotiate if you buy a few things at once. And don’t hesitate to haggle the price for the mid-century modern cabinet that would look fantastic in the living room.
Not everyone is ingrained with a knack for negotiation. That’s totally fine. But in life and business, there are things that should always be negotiated. Stick to this list and you’ll never miss out on money saving deals and benefits again.