ShopSavvy, which just became available for the iPhone yesterday, lets you scan any bar code (using your phone’s camera) and see all the prices for the item in existence – both online and in nearby stores. Not only do you instantly know if you’re getting a good deal or getting ripped off, the App also lets you add the item to a Wish List or set up a Price Alert so that you’ll know when the price has dropped low enough for you to afford it.

Oh yeah, and it’s completely free. How cool is that?

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