1
00:00:00,080 --> 00:00:03,080
Speaker 1: And now we found Joel. He was lost but now

2
00:00:03,120 --> 00:00:05,920
Speaker 1: he's found. Was blind, but now you can.

3
00:00:05,800 --> 00:00:07,600
Speaker 2: See Ajeel a man.

4
00:00:07,840 --> 00:00:11,040
Speaker 1: Thanks for joining us this morning. So I told listeners

5
00:00:11,080 --> 00:00:13,440
Speaker 1: while we were waiting and trying to find you that

6
00:00:13,960 --> 00:00:17,360
Speaker 1: we really need to be careful about return policies as

7
00:00:17,400 --> 00:00:19,159
Speaker 1: we go out and start throwing our money out on

8
00:00:19,160 --> 00:00:19,799
Speaker 1: Black Friday.

9
00:00:20,760 --> 00:00:22,959
Speaker 3: Yes, oh my goodness, you're going to be drawn to

10
00:00:23,040 --> 00:00:27,360
Speaker 3: the sales they have already started. They are insane and intense,

11
00:00:27,440 --> 00:00:29,560
Speaker 3: and there's some good deals to be had out there.

12
00:00:30,240 --> 00:00:32,560
Speaker 3: I want to remind people it's not a great deal

13
00:00:32,720 --> 00:00:35,440
Speaker 3: if you don't need the item, right, Like fifty percent

14
00:00:35,520 --> 00:00:37,879
Speaker 3: off is awesome, but like, do you actually need it,

15
00:00:37,880 --> 00:00:40,160
Speaker 3: then can you actually afford it? It's really important to remember.

16
00:00:40,159 --> 00:00:43,559
Speaker 3: And then also, well can you return it if it

17
00:00:43,640 --> 00:00:47,040
Speaker 3: turns out that's not something that the person you love

18
00:00:47,200 --> 00:00:50,800
Speaker 3: in your life actually wants, or like, just make sure

19
00:00:50,880 --> 00:00:52,960
Speaker 3: you keep the gift receipt and make sure you know

20
00:00:53,080 --> 00:00:57,880
Speaker 3: the return policy for each retailer, because there's yeah, there's

21
00:00:58,120 --> 00:01:01,920
Speaker 3: there have been some changes for some reat tailors this year,

22
00:01:01,960 --> 00:01:03,520
Speaker 3: and so you just want to make sure you're up

23
00:01:03,520 --> 00:01:06,400
Speaker 3: to speed on each retailer and you know. That's why

24
00:01:06,400 --> 00:01:11,039
Speaker 3: shopping from certain retailers like truly somebody, like shopping from Costco,

25
00:01:11,160 --> 00:01:13,160
Speaker 3: you just know that you're going to have a very

26
00:01:13,200 --> 00:01:16,600
Speaker 3: generous or term policy on every item electronics for like

27
00:01:16,720 --> 00:01:18,800
Speaker 3: ninety days, and then everything else is kind of like

28
00:01:18,840 --> 00:01:21,759
Speaker 3: a hey, bring it back whenever, And that's just kind

29
00:01:21,760 --> 00:01:23,440
Speaker 3: of some nice peace of mind. So even if you

30
00:01:23,440 --> 00:01:25,840
Speaker 3: spend just a tiny bit more, it might be worth

31
00:01:25,880 --> 00:01:27,320
Speaker 3: it to get a better return policy.

32
00:01:27,640 --> 00:01:28,399
Speaker 2: Joel, are there.

33
00:01:28,280 --> 00:01:31,600
Speaker 1: Any companies that you know of specifically that have really

34
00:01:31,640 --> 00:01:35,119
Speaker 1: bad return policies that we should really be watching out for.

35
00:01:36,160 --> 00:01:38,600
Speaker 3: You know, I think more than anything you want to

36
00:01:38,600 --> 00:01:44,040
Speaker 3: be careful with small retailers online, they might have And specifically,

37
00:01:44,080 --> 00:01:46,600
Speaker 3: we've seen this a lot with more clothing retailers, a

38
00:01:46,600 --> 00:01:49,840
Speaker 3: lot of final sale items, and those final sales when

39
00:01:49,880 --> 00:01:53,320
Speaker 3: it says that it typically means you can't return this

40
00:01:53,600 --> 00:01:55,880
Speaker 3: at all. It doesn't matter it didn't fit, you didn't

41
00:01:55,960 --> 00:01:59,639
Speaker 3: like it, it was a little misshapen. It's like nope, sorry,

42
00:01:59,720 --> 00:02:02,200
Speaker 3: like this this is yours for good. So, especially if

43
00:02:02,200 --> 00:02:05,440
Speaker 3: you're buying a final sale item online, be really careful.

44
00:02:05,480 --> 00:02:08,320
Speaker 3: The deal might be spectacular, but if it doesn't work

45
00:02:08,320 --> 00:02:10,840
Speaker 3: out for you like you're just out the money. Then

46
00:02:10,880 --> 00:02:13,120
Speaker 3: you're probably donating that to good will or giving it

47
00:02:13,200 --> 00:02:15,640
Speaker 3: to a friend or something like that, because hoping that

48
00:02:15,720 --> 00:02:17,799
Speaker 3: they can get some use out of it. So definitely

49
00:02:17,840 --> 00:02:19,960
Speaker 3: watch out for final sale items and know with some

50
00:02:20,000 --> 00:02:23,440
Speaker 3: of those smaller retailers you might have a really crummy

51
00:02:23,440 --> 00:02:27,400
Speaker 3: return policy. And if you're doing shopping in advance, the

52
00:02:27,440 --> 00:02:30,640
Speaker 3: clock starts ticking right on that return policy. The closer

53
00:02:30,720 --> 00:02:33,200
Speaker 3: you buy to Christmas, hey, you might have some a

54
00:02:33,240 --> 00:02:35,640
Speaker 3: decent window on the back side, but the earlier you

55
00:02:35,639 --> 00:02:37,760
Speaker 3: buy your item, then you know you might not have

56
00:02:37,840 --> 00:02:39,440
Speaker 3: much time after Christmas to make that return.

57
00:02:39,600 --> 00:02:41,440
Speaker 1: Well I thought about that because actually I found something

58
00:02:41,440 --> 00:02:42,720
Speaker 1: for one of my friends. I don't know if you

59
00:02:42,720 --> 00:02:45,440
Speaker 1: guys have had this happen, but I got to get this.

60
00:02:45,600 --> 00:02:47,120
Speaker 1: And then you go, oh, what if they don't like

61
00:02:47,160 --> 00:02:49,440
Speaker 1: it and you've bought it three months in advance, knowing

62
00:02:49,480 --> 00:02:52,200
Speaker 1: that there's just a thirty day return policy. So I

63
00:02:52,200 --> 00:02:54,200
Speaker 1: didn't buy it, and now I've forgotten what it was

64
00:02:54,280 --> 00:02:54,920
Speaker 1: and it was going to be.

65
00:02:54,960 --> 00:02:55,760
Speaker 2: A great present.

66
00:02:57,120 --> 00:02:59,480
Speaker 3: See that's the downside of pre planning, right, is that

67
00:02:59,600 --> 00:03:02,400
Speaker 3: then the return policy can flap you around a little bit.

68
00:03:02,760 --> 00:03:05,600
Speaker 1: Okay, so just be very weary and even on Amazon,

69
00:03:05,680 --> 00:03:08,000
Speaker 1: be leery of it because I've bought a few things

70
00:03:08,000 --> 00:03:10,160
Speaker 1: on Amazon and then went to return them. They're like, oh,

71
00:03:10,160 --> 00:03:13,040
Speaker 1: this is ineligible. So when you're buying it, check for

72
00:03:13,120 --> 00:03:14,079
Speaker 1: the return policy.

73
00:03:14,760 --> 00:03:17,600
Speaker 3: That's exactly right, especially I mean food products on Amazon.

74
00:03:17,639 --> 00:03:21,120
Speaker 3: Of course understandably you can't return those at all. And

75
00:03:21,800 --> 00:03:23,600
Speaker 3: there might be exceptions, right, you might be able to

76
00:03:23,720 --> 00:03:27,120
Speaker 3: bark up the tree of customer service and offer an explanation,

77
00:03:27,240 --> 00:03:30,320
Speaker 3: but who wants to do that? So just know in advance, Hey,

78
00:03:30,400 --> 00:03:31,560
Speaker 3: what does the short term policy?

79
00:03:31,600 --> 00:03:32,080
Speaker 2: Look it up?

80
00:03:32,240 --> 00:03:34,680
Speaker 3: And sometimes for a lot of retailers there are special

81
00:03:34,720 --> 00:03:38,840
Speaker 3: holiday return policies. We'll give you through January fifteenth or

82
00:03:39,160 --> 00:03:41,720
Speaker 3: through you know, if they're bought in let's say after

83
00:03:41,760 --> 00:03:45,080
Speaker 3: November fifteenth. So just yeah, it can change for the holidays.

84
00:03:45,280 --> 00:03:47,480
Speaker 3: Just know what you're getting into. Make sure that's something

85
00:03:47,520 --> 00:03:49,600
Speaker 3: that's as you're buying gifts on your mind.

86
00:03:49,760 --> 00:03:52,200
Speaker 1: Okay, and then real quick, let's talk about nostalgia buying

87
00:03:52,200 --> 00:03:53,200
Speaker 1: for the holidays.

88
00:03:54,240 --> 00:03:56,360
Speaker 3: Oh, so this is an interesting one and we're seeing

89
00:03:56,520 --> 00:03:59,480
Speaker 3: kind of people under like I don't know, like saying,

90
00:03:59,520 --> 00:04:02,200
Speaker 3: what was it from my childhood? That is resonating now

91
00:04:02,240 --> 00:04:04,440
Speaker 3: and even like the kids toys and stuff like the

92
00:04:04,600 --> 00:04:07,120
Speaker 3: Ninja Turtles are back in Super Mario and stuff, and

93
00:04:07,120 --> 00:04:10,680
Speaker 3: those were toys for my kids for my day and age,

94
00:04:10,680 --> 00:04:13,400
Speaker 3: and now my son is into that same stuff. Legos

95
00:04:13,440 --> 00:04:16,880
Speaker 3: are huge, and it's just it's it's interesting to see

96
00:04:16,880 --> 00:04:22,160
Speaker 3: people buying and spending more sometimes for nostalgic goods and

97
00:04:22,200 --> 00:04:25,440
Speaker 3: even buying used goods because it means that's the only

98
00:04:25,440 --> 00:04:27,359
Speaker 3: way they can get the items they want. So certain

99
00:04:27,400 --> 00:04:32,600
Speaker 3: items like apparently old school Lulu Lemon leggings like from

100
00:04:32,839 --> 00:04:36,280
Speaker 3: a decade plus ago are in again, and so people

101
00:04:36,279 --> 00:04:39,440
Speaker 3: are like spending big money on Poshmark and thread Up

102
00:04:39,480 --> 00:04:43,520
Speaker 3: and these these secondary sales sites where you're getting used

103
00:04:43,560 --> 00:04:47,240
Speaker 3: clothes but you're not spending use closed prices. People are

104
00:04:47,240 --> 00:04:50,040
Speaker 3: classifying them as like vintage leggings and stuff like that.

105
00:04:50,080 --> 00:04:53,000
Speaker 3: So I did not know that workout gear could eventually

106
00:04:53,000 --> 00:04:56,440
Speaker 3: be considered vintage. That actually seems kind of ridiculous, like

107
00:04:56,480 --> 00:05:00,240
Speaker 3: give it what you do in your workout gear. But yeah,

108
00:05:00,279 --> 00:05:01,880
Speaker 3: but this is a thing and people are into it.

109
00:05:01,920 --> 00:05:04,680
Speaker 3: And so yeah, if you love those leggings and that's

110
00:05:04,720 --> 00:05:07,080
Speaker 3: something you're really into. More power to you just know

111
00:05:07,839 --> 00:05:10,320
Speaker 3: that like the way people are going to sell those

112
00:05:10,360 --> 00:05:13,080
Speaker 3: items and market those items, it's going to make it

113
00:05:13,120 --> 00:05:15,840
Speaker 3: seem like it's this fleeting thing. You've got to get

114
00:05:15,880 --> 00:05:18,480
Speaker 3: it now. It's these vintage leggings, and I think people

115
00:05:18,520 --> 00:05:20,080
Speaker 3: are going to pay too much for some of their

116
00:05:20,160 --> 00:05:21,680
Speaker 3: nostalgia hopes and dreams.

117
00:05:22,000 --> 00:05:27,120
Speaker 2: Supply and demand, right, that's right, and just marketing man,

118
00:05:27,160 --> 00:05:29,799
Speaker 2: make people think that this is a limited time item

119
00:05:29,839 --> 00:05:32,120
Speaker 2: because hey, there aren't many of these left, and you're

120
00:05:32,120 --> 00:05:33,760
Speaker 2: going to be able to get people to cork over

121
00:05:33,800 --> 00:05:34,520
Speaker 2: more money.

122
00:05:34,240 --> 00:05:36,560
Speaker 1: For it because most of them are all stanky and

123
00:05:36,600 --> 00:05:37,640
Speaker 1: they've been thrown out.

124
00:05:38,960 --> 00:05:41,720
Speaker 3: That's exactly right. There really is a limited supply.

125
00:05:42,000 --> 00:05:42,400
Speaker 2: All right.

126
00:05:42,720 --> 00:05:45,760
Speaker 1: The host of how to Money on KFI, Joel Larsguard

127
00:05:45,800 --> 00:05:48,400
Speaker 1: You can listen to them every Sunday from noon to two.

128
00:05:48,440 --> 00:05:51,679
Speaker 1: You can also follow them for great financial advice tips

129
00:05:52,360 --> 00:05:53,120
Speaker 1: at how to Money.

130
00:05:53,160 --> 00:05:54,960
Speaker 2: Joel appreciated Joel says, Samy

131
00:05:55,000 --> 00:05:56,279
Speaker 1: All right, glad we found you today,