Navigating Your Salary, Your Car and Your Budget All at the Same Time Can Be Very Tricky

PennyGem’s Chloe Hurst explains how to negotiate your salary, buy a car and budget with your significant other.

Transcript

00:00Negotiation is an essential tool that can enable you to earn more and pay less.

00:08MarketWatch reports, the ability to bargain effectively can have a huge impact on the scope of your life.

00:14Whether you're negotiating your salary, buying a car or budgeting with your significant other,

00:18it's smart to have a strategic plan on what you want and how you intend to get it.

00:23Be careful using confrontational forms of negotiating including badgering and being insistent.

00:28These can make others defensive and less willing to come to the table.

00:32If and when you are in a position to negotiate your salary, prepare by checking salary ranges

00:37and remember, there are other forms of compensation too.

00:40A flexible work schedule, new title, the ability to work remotely and paid time off.

00:46When buying a car, Kwame Christian, director of the American Negotiation Institute says,

00:51find the lowest price comparison and then use that as your starting offer.

00:56In order to come to a budget with a partner, summarize what you both want

01:00and negotiate an outcome to meet both needs.

01:03Having a list of good alternatives can also be a way to get a version of what you want,

01:08even if it wasn't the initial plan.

01:10Music

01:20Music