Frugal delight: The "How much do you think I paid for this?" Game

So, one way I gain delight through spending munny is by playing the "How much do you think I paid for this?" game. I play mostly with my husband, but in order to share the fun of this game, I thought I would post the rules here for everyone to enjoy.

Primary Objective: Make spender feel great about obtaining a bargain.
Secondary Objective: Impress conversation partner with excellent bargain-finding-ability.

Number of Players: Two or more. One spender (S) and at least one conversation partner (CP)

Rules of Play:
1) S asks, "How much do you think I paid for this?"
2) CP guesses a price, which must be at least the retail price of the item or higher.
3) S responds, "No - less!"
4) CP guesses again, reducing initial guess by an interval that should allow at least three guesses.
5) S responds, "No - less!" until CP guesses the correct price.
6) CP finishes the game with admiration for the bargain.

For example, I purchased a black Max Mara trouser suit a few years ago. Max Mara is a schnazzy Italian label, so the retail price of the suit was likely to be over $1000. The game went like this:
1) "So, how much do you think I paid for this suit?"
2) "Wow, that's a beautiful, simple suit, and it fits you great. Max Mara, hmm? I would guess you paid $1400."
3) "No - less!"
4) "$1300?"
5) "No - less!" (This would have gone on for many guesses with the interval for decreasing at $100, so I'll shorten the conversation here.)
6) "$75?"
7) "Yep, $75." (big smile)
8) "Goodness, that's an amazing deal. I can't believe you bought that suit for only $75. And it's new? Wow - very impressive."

Gaining admiration for a good deal is such a joy! I hope that some bargain hunters might forward this to friends and partners so that they can understand the game as well.

Please comment with any other games you play to show off your bargains.

...Another woman's treasure

You don't need to literally pick through the garbage ("One man's trash is another man's treasure") in order to get a great deal.

When thinking about times that I have gotten the most for my munny (for my definition of munny, click here), many of those times are when I have purchased something second-hand. For those of you who are not familiar with Craigslist and Kijiji, there are many treasures to be found in your own town. Here are my tips on finding the best deals on these sites and getting the most for your munny:

1) Focus on the well-off areas of town. With each ad, the seller lists what part of the city s/he lives in. Whle it's certainly not universally true, often times you can find higher quality items at better prices in the parts of town where people are wealthier. These individuals are often more interested in seeing that the item be reused rather than getting every last nickel for it.
2) Ask for a better price. Prior to moving to Montreal, I lived in Boston. Craigslist is huge in Boston, and the second-hand market is active and thriving. With an abundance of items being listed, there is often the possibility to get a better price on an item simply by asking for it. If you think you can get a better price, always ask for more than you think you might get, but not an amount that's absurd. For example, I saw a high-quality Kaloo mobile for sale for $30, and I was willing to pay $25 for it, so I offered $20. The seller counter-offered for $25, so I got my price.
3) Be strategic about when you are shopping. If possible, shop close to the end of the month, the end of the school year, or the end of the season to get the best deals. Ice skates will be better priced in April because the seller won't want to store them for the summer.
4) Ask what else the seller has for sale. Often times, people list items when they are moving or have a major life change. While doing baby shopping, I had a bouncy chair, an extra bag of clothes, and a lovely toy thrown in because the seller was looking to move their items.
5) Be fearless! (Of course, this is good general advice as well.) Recently, I spoke to a seller about Craigslist and Kijiji, and she told me that she doesn't post on Kijiji because most of the buyers and sellers in Montreal are French speakers and she doesn't speak French. Now, living in Montreal, it's often French first, but most people are either also fluent in English or can at least get by. I told her that if I found a cell phone and a futon on second hand sites while I was living in Sweden and didn't speak any Swedish, she can get by in Montreal with just English! So whatever your desire is - you want the item for half of the asking price, you want the item delivered, you want the seller to hold the item until you can pick it up - just ask for it. The worst that could happen is the seller could say no.

Do you have other suggestions for second-hand shopping? Please post them in the comments!

Why the name Bunny Munny?

Bunny Munny is about my financial journey. I chose the word bunny because the bunny has always been my totem animal. A totem animal is an animal that a person identifies most strongly with and which has qualities with which the person identifies. For me, I admire the rabbit’s sense of bravery and strength despite adversity – rabbits have many predators and few natural defenses, so they need to rely on their senses and their bravery to dash across fields and to their warrens. This resonates strongly with me and my sense of adventure and my admiration of bravery.

In choosing a second word, I was looking for something financial to signify that this is a personal finance blog. While munny is a cute spelling that goes well with bunny, I've started differentiating between money and munny. As many economists will effectively argue, cash is just a medium for exchange. However, from personal experience, some cash transactions feel to me like a simple exchange, while others are charged with excitement and fun. When the simple cash transaction also gives me a dose of fun, I use the word munny. Throughout the blog, I will focus on spending and saving that is infused with a sense of fun, and will use the word munny to signify the thrill that is received along with the product, service, or savings.

And voila – here we have Bunny Munny.