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Sales can help you save money when buying everyday goods. But make sure the discount you’re being shown is legit. Here’s what to do before you shop a deal.
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The end of the year is an excellent time to scoop up fantastic deals on electronics, beauty items, household essentials, appliances, and more. Thanks to Black Friday, Cyber Monday, and other holiday sales, you can shop for what you need and keep more money in the bank.
But make sure you’re not getting tricked by retail marketers. You should always research the product’s original price before adding a sale item to your shopping cart. Let me explain why.
Don’t assume every sale is worth your money
With so many businesses advertising sales, especially at the end of the year, deciding which deal is worth your time and money can feel overwhelming. As you review the constant flow of deals advertised in your email inbox and on social media, remember that this is a sales tactic businesses use to get you to spend more money.
It can be easy to fall into the trap of falling for every deal you see, especially if you’re short on time. But if you’re not careful, you could overspend, which could result in you accumulating expensive credit card debt. It’s essential to do your research before you shop.
When considering a potential sale, it’s best to research the original price. Don’t trust the price displayed in the advertisement or the in-store sales sign. Retailers are sneaky, and some will inflate the earlier price, so it appears you’re getting a better discount.
Once you know the retail price, you can better decide if a deal is worth your money. You may find out that you’re not getting as good of a deal as you first thought and may want to wait to purchase until you can get a more significant discount. Don’t get tricked into wasting money.
How to research prices before you buy
A quick internet each can give you more insight into product pricing. It’s wise to spend a few moments searching to verify the usual price of a product you’re interested in buying. Before buying a product at a big retailer like Target or Walmart, another option is to go to the manufacturer’s website to review pricing details.
You can use the Google Shopping tool to compare pricing for a specific product across multiple retailers. Another helpful feature of this pricing comparison tool is a feature that shows you whether the price you’re seeing is competitive. This is especially useful during a busy sales season when other retailers sell the same product at a discount.
Another tip: Gather sale pricing information from other customers. When I’m considering buying a specific product during a big sale event, like Black Friday or Prime Day, I search online for more detailed sale pricing information from other shoppers. Some shoppers will share their personal experiences regarding prices.
Reddit is one social media platform that may also be useful for this research. You may find other shoppers have scored better deals in the past and learn that the deal you’re seeing now isn’t worthwhile. This information can help you decide whether to shop a deal or hold off.
Keep your finances in mind as you shop
It’s essential to keep your personal finances in mind. Before you spend money, consider whether your choice will impact your financial situation negatively. You may want to set a budget during the busy holiday shopping season to avoid overspending. If you’re new to budgeting, using one of the best budgeting apps may help.
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