Let’s face it. In a struggling economy, some businesses are going to try to pull every last cent they can from you. Just like many consumers are, they are pressing through tough times as well. There are plenty of ways they can suck extra cash out of your pocket. It’s your job to keep an eye out for the “rip-offs.” After all, the only reason these ridiculous expenses even exist is because there are people gullible enough to fall for them. Be on guard and look out for these five problem areas.
5. Lavishly Expensive Drinks
In college, you probably the drastic upside to “pre-gaming.” For the uneducated, that is have a few drinks before heading out for the night. The logic is that you won’t have to spend as much money at the bar or club, if you already have a head start. There’s no reason for this night-out ritual to end when you graduate.
Pre-gaming can be a highly social affair. Just invite a few friends over for a couple of drinks prior to heading out for a night of bar-hopping or clubbing. With drink prices averaging over $11 in Los Angeles and New York (according to the 2009 Zagat Nightlife Survey) getting in a few cocktails early could save you precious cash.
4. Horrendously Overpriced Flights
“Buy early! Buy late! Grab tickets exactly two weeks in advance.”
There are plenty of airline ticket-buying myths circulating. It’s easy to understand why.
Purchasing a ticket at the correct time, from the correct source, could mean hundreds of dollars of price difference. While there is no set trick to securing the best deal possible, there are steps you can take to ensure you don’t get ripped off.
According to Rick Seaney, FareCompare.com CEO, writing for ABC News Travel, consumers should “shop early (but not too early). Planes are packed these days, so last-minute deals that helped fill up their planes are no longer necessary.” Seaney says you can start shopping up to four months in advance , but not before: “You won’t get the best deal then unless you fly during the holidays.”
Seany also says that the best way to secure the cheapest tickets is to sign up for alerts from travel websites wherever possible.
“Find these tools and use them,” he writes. “Education is key, and having the right technology to help educate yourself is vital to finding cheap airfares. Remember, the airlines would rather you didn’t find the cheap seats. They’d prefer that you bought more expensive tickets (or really expensive tickets). So they don’t make it easy for you.”
Try out websites like Priceline, Orbitz, Fare Compare. If you’re student, great deals can be had at both Student Universe and STA Travel, which sell discounted seats to those enrolled in universities.
3. Texting Without a Plan
Quite possibly the worst rip-off in America is sending text messages without a texting plan. Recently, CNN Money published a piece on the biggest rip-offs in the country and plan-less texting topped the list.
Costing providers about one-third of a cent to deliver, text messages usually cost consumers 20 cents to send and ten cents to receive if you don’t pay a monthly fee. Yes, we did the math. That’s about a 6,500 percent increase.
No matter what, providers are going make a huge profit off your texts. To avoid gouging your wallet while padding theirs, get a monthly texting plan and save yourself some dignity. Most wireless carriers now include a generous (or unlimited) amount of texting in all their plans.
2. Concessions at the Movies
This one is easy. If you’re buying concessions at movies, you are doing yourself a disservice. CNN Money reports that popcorn is marked up a grimace-conjuring 900 percent. It’s not alone though. The prices of other movie products like candy and soda also see hefty increases.
We don’t necessarily want to promote sneaking in food and drinks (*ahem* although it does save a ton of cash *ahem*). However, if you’re morally opposed to that, it would probably be beneficial to you and your wallet to fill your stomach up at home ahead of time instead. Or literally anywhere else that doesn’t charge you $17 for a medium popcorn and a large Coke.
1. High-Priced Textbooks
There is a saving grace, literally, for many college students looking for a cheaper alternative to university bookstores. The independent seller option on Amazon proves to be a godsend for almost any consumer. Located directly beneath the shipping details on a product’s main page, you can often find the same product sold at a cheaper price for both new and used versions, provided by independent sellers. Amazon also provides ratings for each person selling, much like eBay, allowing you a sense of comfort with your purchase.
With this option, it’s tempting to never buy a book for full price ever again. Stop throwing your money down the drain!