Milk Your Money

Got Money? Milk the most from it…

  • Home
  • About Us
  • Archives
  • Our Network
  • Links
  • Forums

Subscribe via Email

Importance of Reading Reviews Before Purchases

Posted by Ben
March 1, 2008

Stumble it Digg it Add to Mixx! RSS del.icio.us Add to Technorati Favorites Leave a comment

If you have any suggestions about something you would like to see added, please don’t hesitate to request it…

In order to really optimize money, you need to make sure to make smart decisions about what you buy.  One of the best ways of doing this is to read reviews.  Naturally, we want more information on those things that we don’t know a whole lot about or there is a wide variation.  One example is HD TVs.

Frank is looking for a new TV, he sent me the specs on the set he was considering a few days ago.  The raw numbers sounded average but the price was really great, so after considering how the prices of flat panels are dropping, I thought it was just a really good deal.  Thankfully, he is a thorough shopper and dug a little deeper.  It didn’t take long to find out that that particular model, looked good on paper, but was a complete waste of plastic.  (It was an Insignia, plasma by the way, don’t even look at it.)   This experience carried over with a coworker of mine as well.  He had recently bought a small TV for his bedroom, upon the recommendation of a salesperson.  One DVD later, it doesn’t display properly.  I asked him if he had read anything about it before he purchased it and he said, “no but aren’t all TVs the same? ”  No, they obviously are not.  (He got a Magnavox, DVD combo “thing,” again don’t bother.)

It is far better to get a solid TV and avoid the headache of returning, repairing, and to just  be happy with it.  The lesson here is to read reviews, especially for larger purchases, and discover the pros and cons and listen to what people are saying.

Below you will find multiple review sites and a quick look at what they have to offer:

CNETSome might say that CNet has “sold out,” or that their reviews are biased.  Use it as a bench mark anyways, and continue on.  Keep in mind that there are still user reviews to consider as well as the fact that they rate things on the harsh side.  At least most seem harsh to me, I rarely see a product that gets better than a “Very Good.”  This site is also good for cell phones and other electronics.  Video reviews are also helpful for seeing a product in scale and move around.  ZD Net is another good review site.

AmazonThere is a huge review community at Amazon and I have found some pretty reliable accounts there.  A good percentage of the reviews are people angry with something they bought that did not live up to it’s expectations, but this can still be helpful if there are commonalities among the reviews.  Again, electronics are a good thing to review.  As far as books go, that’s a little more difficult.  What one person might like is a matter of opinion, but if the post is written well, they will site what makes a book not worthwhile and this can be helpful.  Be cautious of authors plugging their own books.

EdmundsEdmunds is the premier place to look at the value of different cars, in conjunction with Kelley Blue Book.  See everything from guides, reviews, road tests, consumer ratings and photos.  Buying a car is a huge purchase, you don’t want to bring it home and two days later see a better car for less.  You will lose sleep over it.

IGN
For those of you that dabble in video games, you probably already have a site for this in mind, but allow me to recommend IGN.  They, along with Gamespot, are one of the best video game review sites out there.  This is subject to variability depending on personal preference but a fine site none the less.  They are just over 10 years old and have advanced their services that make them a great deal.

 

 

Rotten TomatoesMost would say that Rotten Tomatoes is the site to visit, in order to determine if new box office movie is really as good as you heard it was.  If you live in the Washington DC area, or have access to a Washington Post, do NOT consider their review of a movies as anywhere accurate.  I read the Post everyday and every single time I read the movie review section, they have something negative to say.  Honestly, what does it take!?

 

Toms Hardware
This is for the more in-depth computer users.  Tom’s Hardware is a bit over board but we’ll call them “thorough.”  Check them out for the bleeding edge of video cards, motherboards, etc.

 

 

EpinionsIf you can’t seem to find a review on something, check Epinions.  There are users here that do nothing but review various products all day.  Its well rounded, but don’t let it be your only stop.

 

Let me stress that these sites are just a tip of the iceberg when it comes to doing research on a product.  There is little substitute for word of mouth from your friends and family.  That level of trust and same values aspect will be a large indicator as to what intelligent and frugal decision should be made.  As always, take your time, and once you convince yourself of a good deal on a solid product, you will never doubt your decision. $


Related articles you might be interested in:
Archives
Advantages to Eating With Your Parents
The Importance of Talking About Your Finances with Friends and Family
The Cheapest Form of Entertainment
Over 40 Million Credit and Debit Card Numbers Stolen - Now What?

Budgeting, Saving



Stumble it Digg it Add to Mixx! RSS del.icio.us Add to Technorati Favorites Leave a comment

If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader or email.

Comments

No comments yet.

Leave a comment

(required)

(required)


Search

Archives

  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008

Categories

  • Annuities
  • ARS
  • auction rate securities
  • Bailout
  • Banking
  • Borrowing
  • Budgeting
  • Credit Cards
  • credit score
  • debt
  • DIY
  • Economy
  • entertainment
  • Fees
  • financial literacy
  • Frugal Things To Do In…
  • Gas
  • General
  • Getting Started
  • Income Replacement Funds
  • Insurance
  • Investing
  • Lunch
  • Mailbag
  • money
  • Rate Cuts
  • real estate
  • Rebates
  • reverse mortgage
  • Saving
  • Scams
  • Shopping
  • stimulus
  • taxes
  • Uncategorized
  • windfall

Featured in Alltop

PerformancingAds

  • Recent Posts

    • Most Useful Articles in Personal Finance
    • Stock Market Trading at a Seven Year Discount
    • Top 10 Tips To Save Money From The Home Depot
    • 12 Hot Tips to Save Water
    • Insiders Perspective: Embarrassing Congressional Reaction to an Originally Dangerous Bailout Plan
  • Recent Comments

    • Bah With Flooding the Blogosphere With Too Much of the Same (Hanks Weekly Hangouts #53 - October 11, 2008) | MiB Smarter Money on Stock Market Trading at a Seven Year Discount
    • Weekly Roundup: Inaugural Edition : Money Smart Marriage on 12 Hot Tips to Save Water
    • Steven C. on Most Useful Articles in Personal Finance
    • hank on Most Useful Articles in Personal Finance
    • Ben on Most Useful Articles in Personal Finance
    • FFB on Most Useful Articles in Personal Finance
    • Roger D on Top 10 Tips To Save Money From The Home Depot
  • Tools

    • Become a Millionaire with the Following Saving Tactics
    • Broker Check
    • Guide to House Hunting
    • Light Bulb Comparisons
    • Loan Repayment Calculator
    • Monthly Budget
    • Mutual Fund Expense Analyzer
    • Savings Calculator
  • Most Popular Posts

    • 27 Great Tips for Around the House
    • Why Didn’t I Receive My Economic Stimulus Check?
    • Become a Millionaire in 30 Years with your Current Salary
    • The 8 Worst Habits for Saving Money
    • Five Common Money Mistakes to Avoid
    • Frugal Things To Do In Washington, DC
    • Analysis of The 11 Principles by Money Crashers
  • Tags

    401(k) ARMs Banking bills Borrowing budget Budgeting cars common sense compound interest credit credit card debt Credit Cards credit score debt DIY expenses Fed Fees financial literacy frugal Gas General groceries income Insurance interest rates Investing IRA money mortgage real estate rebate recession retirement Saving savings scam Scams Shopping stimulus stocks student loans taxes windfall





Copyright 2008 | Milk Your Money | All rights reserved

  • Home
  • About Us
  • Archives
  • Forums
  • Our Network
  • Links


A World of Personal Finance Bloggers Personal  Blogs - Blog Catalog Blog Directory Add to Technorati Favorites Top Finance blogs Join My Community at MyBloglog!

PerformancingAds


Personal Budget
Advertise Here