Patience Can Save You Money

It’s important to be patient when making financial decisions.  This applies to decisions both big and small.

I was reminded of this with a small purchase, but being patient still saved me $19.

We have a couple of streaming media devices, both a Roku and a Chromecast.  These are nice for playing Netflix and other streaming content.  The Chromecast is pretty much exclusively used for playing Netflix, while the Roku has a few other channels that are used occasionally.

I know the ins and outs and it’s pretty easy, so I’ve recently thought about wanting to get a second Chromecast, and there’s a specific reason.  The finished portion of our basement is used primarily as a playroom during the winter months, to give the kids another area in which to play.  This past summer, it’s been used primarily for storing furniture as we moved and re-painted bedrooms (transitioning from a nursery to full big kids room for our daughter).  Now that this project is finally wrapping up and that winter is approaching it will soon be transitioned back to the playroom.

We have a TV down there (a flat screen that actually got broken leaving a nice line in it and moved downstairs, but still works) and it would be nice to have the option to stream Netflix for the kids if we wanted to include any TV time.    A few weeks ago, I got the idea in my head of getting a second device, and started keeping an eye out.

The retail price of a Chromecast is $35, but you can often find them on sale for $25.  I was waiting and watching to see if I could find a $25 deal, when one day I did.

I subscribe to Slickdeals RSS feed, so I see a list of ‘up and coming’ deals.  A couple of weeks ago, I spotted a deal where Groupon was offering a refurbished Chromecast for $25 AND they had a $10 off any $25 or more promo code that you could use.

I figure a refurbished item might just have been returned, and for that cheap, I’m more than fine willing to take the chance.  I figure a device like that is either going to work or it’s not.  There’s not much in between, so as long as I get it out of the box and functioning, it should be good to go.

The end price after the discounts plus sales tax was $15.90, all because I waited patiently for a few weeks.

Importance of Being Patient

It’s important to be patient when making purchases.  When you’re making a big purchase, you want to really think about it and make sure that you can afford it and that it’s the best deal and the terms are best for your situation.  But, even on small situations, being patient works, especially in a case like mine, where I knew that there was a history of seeing these devices on sale every now and then.

Readers, please share a time when being patient paid off, and how much you were able to save.

13 thoughts on “Patience Can Save You Money”

  1. I like to wait for offers on groceries we buy regularly, and our big freezer comes in really handy for stocking up on fresh food bargains: I picked up fresh salmon for €6.50 a kilo recently, bought a whole fish and I’ll get nearly 20 servings out of it. Bargain!

  2. Good things come to those who wait. Minimally an internet search can uncover some immediate savings. Not sure if this counts – but husband and I fell in love with a sofa set. It was expensive though so we deferred. A few months later the store went into liquidation so we got our sofa set at about 1/4 of the original price. Good for us – not so much for the store.

  3. I was considering buying a new TV recently and am glad I decided not to. Not only am I saving a lot of money, I am too darn busy right now to watch TV! The only bummer is I can’t use a 10% coupon I was planning to use anymore because it expired. But there are always sales on electronics, so I’m sure I can still get a good deal later on if I decide to buy one. Right now I’m happy to have one less distraction from my job search!

  4. We wait on a lot of purchases. Mainly big ones, but not always. I saved about $15 on Shoebuy because I know they have frequent sales, so I just waited until the Labor Day sale.

    I wanted to buy some weights at Sears but put it off to see if there were any good sales. I ended up getting a special offer for my birthday, so I saved around $17 on two pairs of weights.

    Of course, Black Friday is what we try to wait for. It’s when we’ve gotten our TVs with substantial savings, new tupperware, etc. This year I’ll be investing in a new suitcase, but only once they reach pre- or actual Black Friday sales.

    • Yeah, there are places we won’t shop without coupons…Kohl’s, DSW are a couple. My wife will only buy kids shoes a couple of times per year (unless there’s a growth emergency) because she knows the patterns at Stride Rite.

  5. Our home. We patiently waited while we saved some money to cover a lot of the smaller expenses associated with moving into a home. During the intervening period, home prices in our area dropped and we saved ~ $35,000 on the price of the home and had the cash to buy the things we wanted to furnish it.

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