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Success Story: $85 Saved by Being Aware and Frugal

This is a personal story about how I saved a friend $85 recently.

I had recently used my emergency fund to replace a dryer in our house and was working on replenishing the balance (and have since done so). But not long afterwards our oven had broken and was not fixable according to our appliance repair company.

I spent some time figuring out my budget and funds and finally figured out a way I could pay for a new or used oven with cash. I researched used options but was not finding very many appealing options. One local place refurbished appliances and provided a 2-year warranty, but the warranty was only valid if you brought the appliance BACK to the shop to be fixed. Living 40 minutes away, that just wasn’t going to work.

So I decided to just plunge and buy a brand new stove. However a friend I had spent significant money on in the past stepped up and said they wanted to buy me a brand new stove as a Christmas gift for our previous financial exchanges.

They gave me a set limit, and I went shopping. I found several that I liked, but I had to make sure to get one that would be easy to use so my father wasn’t getting confused by too many buttons. I found one on sale for $80 off, better reviews than most others, black exterior, and at $309 from Sears. I decided to also look up to see if there were any “deals” going on in addition to the $80 sale, and I found a $5 coupon through google which I also applied to the sale.

Overall I saved my friend $85 in exchange for their generosity 🙂

Lesson Learned:
Sure I could have went with a more expensive stove, but by being mindful on what I really needed and still looked good in my kitchen, I was able to stay frugal with my purchase. In addition, taking a few moments to look up any online deals allowed me to tack on an additional $5 savings by using sites like retailmenot.com every time I make an online purchase.

About Crystal Groves, Google+

Crystal Groves is a farmer, web developer, musician, blogger, and personal finance enthusiast from the back hills of Maryland and Pennsylvania. She started Money Drain as a project to encourage people interested in fixing their financial situation to share their stories and learn from the stories of others. We all make mistakes, but in order to change we have to make changes.

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