You may be planning to go out the day after Thanksgiving to get the best Black Friday deals that retailers are offering. But there are a few mistakes that you may make without even knowing it that can affect the happiness of the season.
Here are a few mistakes that a lot of people make when they are shopping during the holidays. This way you know ahead of time and can look out for them so you don’t make them yourself.
Getting Store Credit Cards
During the holiday shopping season, a lot of retail stores are luring customers in with their offers of store credit cards. They offer you discounts if you apply for one of their cards and they often will also give you extra discounts when you use the card.
So what’s wrong with this? The biggest issue is that the card’s interest rates are often really high, like 24.99 percent. That means for every dollar you are spending on the card you are being charged about $.25. Even worse, for every $100, you are being charged $25, if you don’t pay it off right away. Not only that, but you can only use it at that one store. It’s not worth it!
In addition, every time you apply for one of those credit cards it goes against your credit report. So are all these problems worth the headaches that you will have to deal with if you are approved or even if you aren’t approved? Based on what is here, probably not.
Not Being Careful Online
A lot of people enjoy shopping online because they can purchase their gifts for the holidays from your home. But while doing your shopping online will be great for snagging the deals and looking for items that aren’t available in stores, it’s often dangerous if you don’t protect your information.
Based on an article on the Smart Asset website, the smartest way that you can give yourself protection is by only shopping at familiar, secure websites. The way to tell whether a site is secure is to look for HTTPs. If the S isn’t there, you may be vulnerable to having your identity stolen. You also shouldn’t use public computers for your purchases and use well-known networks when you’re shopping by free WiFi. Record your confirmation numbers and check the statements of your credit and debit cards to ensure there aren’t any authorized purchases.
Paying for Warranties
Although you may think that it’s a good idea to get an extended warranty for that item, it’s not usually going to save you money. when breakdowns happen in the item’s warranty period, the repair cost aren’t usually a lot more than your warranty’s price, according to Consumer Reports.
The big difference is when you are purchasing a computer for someone who isn’t technically savvy and you want to purchase them a plan that offers technical support and repair coverage. Plans that cover accidental damage or theft also might be worthwhile for netbooks, tablets, and laptops.
Some credit cards will provide extended warranties when the item is purchased with their cards, so that’s something to consider if you are purchasing using a credit card..
Not Using Coupons
If you are like a lot of shoppers, you associate coupon use with grocery shopping. But a lot of retailers are offering them and they can help you with saving a lot of money during the holidays.
When you are receiving coupons and papers in the mail, put them in a specific spot so that you know where they are when you are going shopping. Before you go to the mall or any store for your holiday shopping, go to the store’s website. You may find that there are a lot of promotions and coupons there.
If you do your shopping on the internet, before you make your purchase final, based on Bank Rate’s website, search the name of the retailer and put coupon after it. You may be able to save a lot of money. Finding a deal online is good, getting a better price with a coupon is better.
It’s important that you are careful when you are shopping so that you are getting the best deals for your money and that you aren’t making costly mistakes. Take a look at these mistakes and read them over carefully so that you won’t make them yourself.
One of the best ways that you can get the best information on the black Friday deals is to go to websites online that list the ads ahead of time. One site is BFAds. When you know ahead of time what is going to be on sale, you can plan your shopping and get the deals that you want for Christmas. Go out and have fun and be safe while you’re shopping.
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