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So, kids are mostly raised & I've just gone back to work…
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Archive for the ‘household finances’

Target make an “oops?”

April 09, 2009 By: almostgotit Category: Uncategorized, budget, finances, household finances, marketing 5 Comments →

[Guest post by My Brilliant Brother]

Here’s a brief topic: I went to Target the other day to pick up a waffle iron. I went in thinking a waffle iron costs somewhere in the $30-$50 range.

So, I saw the $70 stainless version and I saw the $20 version and a few in between. I picked up the $20 version feeling very happy with my purchase.

On the way out, I saw at the end of the isle a bunch of rejects and there I saw a similar waffle iron for $5.98. The box was crushed but the iron itself appeared to be in good condition. So, I returned the $20 iron to the shelf, selected the reject and made my way to the cashier. To my surprise they had discounted it further to $2.98.

I got out of there keeping $30-$2.98=$27.02 in my pocket. This is the additional portion of the price that I was willing to pay but ended up keeping for myself rather than adding to Target’s coffers.

What did Target do wrong, if anything? And, what do I do with the money I saved?