Bundling is buying either products or services together in a package at a discounted price.
Bundling for communication services is already well-known. Buying your cable, your internet service, and phone from one company is usually cheaper than buying each service from separate suppliers. But, there are other areas where you can save with bundles.
If you’re buying a cell phone or a camera or a computer and printer, if you buy all of them from one store at one time, you are likely to get a discount. Also, when buying furniture, buying a room of furniture is less expensive than buying pieces separately. Don’t just shop for one bed, think about buying the bed , a chest of drawers, and the side table; even if you don’t use them all in one room, you are saving.
Finally, as discussed at Pennypinchinghints in the insurance saving category, bundling auto, life, and house insurance can save you up to 10%.
But, bundling isn’t ALWAYS the best course to take. Here are some questions to ask before bundling:
- Is the quoted price only for a short term of 6 months or so, and does the price increase considerably at the end of the contract?
- Do you need all the services or products even at the discounted price?
- Have you done your homework and priced services and products separately to make sure you are saving at the bundled price?
Bundling is usually a good bet, but being a savvy shopper will ensure you save.