Rebates have become increasingly more common in the last few years on a lot of products and definitely on electronic devices and PCs. Rebates of $20, $50 or $100 are not uncommon.

I've even seen items promoted as "free after rebate". Do these rebates occur under the headline of "too good to be true"? A few of them do and there are "drawbacks" to look for but if you are cautious, rebates can help you get some really good deals.

The way a rebate operates is that you invest in the listed amount for an item then mail in an application form and the bar code to the vendor and they send you a reimbursement thus decreasing the price of what you paid for the item except with a time delay of several weeks.

Rule #1. Rebates from trustworthy companies are usually okay.

You can be fairly certain you will get the guaranteed rebate from Best Buy, Amazon or Dell but you should most likely not count on obtaining one from a business you've never heard of. If you really want the product and are OK with paying the price listed then buy it but don't depend on actually getting the return.

Rule #2. Check rebate end dates.

Too often merchandise will stay on the shelves of a retail store after the date for sending in the rebate offer has expired so check that date carefully.

Rule #3. Be sure you have all the forms needed to apply for the rebate before you leave the retailer.

Rebates will almost always need a form to be filled out, a receipt for the money spent and a bar code.

Rule #4. Make a copy of your refund claim.

Make copies of everything you send in to get your rebate including the bar code. Stuff gets lost in the mail constantly and if the rebate is for $50 it's really worth the bother to backup your claim.

In sum, the above advice is extremely helpful on educating you how to wisely invest your funds while maintaining your expected financial return. To take your monies to the next level, invest in something more financially rewarding, search listings under "going public", "merger company" or "merger companies" and turn to an expert.

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