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And keeping cash on hand is just not feasible.
This is especially important when dealing with big projects which can easily overrun the initial budgeting.
Having the money on hand can give youmore negotiating powerand potentially lead to significant savings, Meursing said.
Work may commence immediately without having to wait for loan approvals or banks releasing funds.
This is highly relevant in time-bound projects or emergency repairs that need immediate attention, Islam said.
I recently experienced this firsthand when shopping for a custom gift for a high-profile client, Meursing said.
You may be surprised at how much you could save just by asking!
When making a high-ticket purchase, dont be afraid to ask aboutpotential cash incentives or perks, Meursing said.
Occasionally, this inclination may however result in reduced purchase cost which translates into great savings for the buyer.
Doing so will protect your investment as well as your interests.
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