It happens far too often. You've had that important birthday or holiday noted down on your calendar all year - yet it's suddenly crept up on you as if you just found out today. Making matters worse, your bank account was also just as unprepared as you were. So, how do you get the most for your money while still getting someone a great gift? Take a look at some fool-proof tips below to get that favourite gift for less.

Price Match Items

If the present you're looking at purchasing is available in stores, you should probably shop around before deciding to buy it to get the best deal. If the exact item you're after is available at numerous retailers within competition of each other, chances are you'll be able to get a better deal if you ask. Price matching items is a cost-savvy offer that many forget to ask for; however, don't overlook it. You'll never know just how much you can save on that special gift unless you ask. While the policy in some stores may vary, more often than not you can get something cheaper just by asking.

Student Discounts

Are you a student? If not, do you know someone who is currently studying? It's a general rule of thumb that students don't have a high amount of disposable cash, so retailers like to provide special offers and discounts to appeal to that demographic. In particular, student discounts are offered by a lot of retailers and can actually save you a significant amount of money if you find the right deal. More interestingly, there are dedicated online sites about student discounts that tell you what discounts are on offer and where you can find them.

Outlet Stores

Strapped for cash? Have a look to see if you can find any outlet stores nearby. If there are none close, they are worth the trip. Outlet stores are a simple way to find a quick bargain. If there's any discontinued stock or items that retailers want a higher turn over on, generally you can find them at an outlet store. If you do some searching, you may even be able to locate the outlet stores for some luxury brands, getting the "you shouldn't have" reaction for a fraction of the price.

Refurbished Items

Another great way to save a significant amount of money is to buy items that have been remodelled and restored. If you're thinking of splurging without breaking the bank, get them the latest technology for less. For example, you can find refurbished Apple devices online that will make you think twice about buying new-release items. All refurbished items from a trustworthy source would usually have gone through a quality control test and optimization process, making sure it's in the best working condition it can be.

Pay-it-off Services

Now, I know that this tip technically doesn't save you any money - but it is worth mentioning if you want to get a gift right away. If you don't have the full amount to pay for the present when it's time to make the purchase, don't worry. On the rise are many different services where you can receive your goods immediately while paying the amount off over a specified period of time. This way, you don't have to break the bank straight away - and can pace your purchase. If you do a quick search online, you can find that many Australian retailers have partnered with businesses who offer these services. In some circumstances, you can even get your items in store straight away!

Nowadays, most banks will also allow you to create a savings account that periodically saves money for you - debiting a specified amount to a savings account - taking the hassle out of having to remember to do it yourself. This initiative is excellent as it gives you a savings account you can forget about and come back to when it's time to buy those gifts at the last minute.

Remember, don't be afraid to ask retailers for a better deal. You will never know if you can save more unless you ask. Also, make sure you look around to see if retailers are offering specific deals or discounts that you can take up. Following these tips will take the stress out of getting that perfect gift for less.