Wanna level up your negotiation game? We’ve got you covered. In this episode, Jen and Jill discuss the power of negotiation and how it can help save money, earn more, and improve people skills. Don’t miss it as we share valuable tips on identifying negotiation opportunities, gathering information on deals, and learning how to negotiate like a pro.
- Our Listener Special this year that is on October 31st! Yes! Halloween! And we want you to share your spooky/ strange/ bizarre money stories with us. Did you find money in a weird place? Did you have to pay a fee with a weird name? Did you have to pay a person with a weird name? Don’t judge them but let us know. Make us laugh and the listener with the best spooky season money story will win one of our new Frugal Friends T-Shirts! Use our BOTW line frugalfriendspodcast.com/bill today now through Sept 28th to leave your spooky silly story and tune in on Halloween to hear them!
Check out some relevant episodes
10 Biggest Negotiation Mistakes That Are Making Other People Rich
This article from GoBankingRates highlights several key negotiation mistakes to avoid.
What Jen + Jill have to say:
There are some common negotiation pitfalls you need to avoid so you can ensure you’re not leaving money on the table. Jill emphasizes the importance of doing thorough research before entering negotiations, having multiple price points in mind, and utilizing AI tools like Chat GPT for assistance. She also advises overcoming the fear of rejection when dealing with salespeople. On the other hand, Jen cautions against over-haggling, neglecting to consider long-term value, and allowing emotions to cloud judgment during negotiations.
I've haggled down the price of everything from rent to dental surgery, and I have 6 dos and don'ts for anyone who wants to negotiate
This Business Insider article shares valuable insights on negotiation strategies.
What Jen + Jill have to say:
Jill emphasizes the importance of being friendly but firm during negotiations. She suggests that being pleasant can increase the chances of reaching a deal but warns against being a pushover and accepting unfavorable terms out of courtesy. Jill also advises acting decisively when the opportunity arises, especially when cash or a quick sale is involved. However, she cautions against making hasty decisions when uncertain about the deal.
On the other hand, Jen highlights the difference between being frugal and cheap. She encourages being mindful of expenses without compromising on quality. Additionally, she recommends setting limits in negotiations rather than imposing rigid limitations, allowing for flexibility and creativity in finding mutually beneficial solutions.
Your most recent successful negotiation
Jill’s most recent one is an upholstered chair she got with a $150 mark down off of the price because the chair had some loose threads and a small stain.
Meanwhile, Jen has been selling a lot of stuff and has been negotiated down so many times. But in the household, her husband Travis will go to Home Depot and every other time, he’ll come back with something that he has gotten discounted.
Bill of The Week
Thank you Rochelle for sharing your bill about finding the weed barrier you wanted used on the FB marketplace!
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