03/28/2008 02:45 am ET Updated May 25, 2011

Seven Tips For Better Haggling

Do you know a born haggler, someone who still remembers how she resurrected her high school French to negotiate a 250-dong discount on tee shirts in Vietnam a decade ago? That's not me. Enterprising souvenir hawkers can smell my fear of negotiating from miles away. Yet even I have run across the chance to bargain -- and in places I'd never have suspected.

One such opportunity was when I bought a mattress. I was surprised to find out that purchasing a new bed can be a lot like buying a car -- take it for a test drive, then haggle over the price. How about stereo equipment? By buying speakers and the components at the same time, we managed to negotiate a lower price for the entire package at a local store. Or maybe you need furniture. Buy an entire kitchen's worth of appliances, and you might be surprised at the bargains you'll find.

Read more on The Motley Fool