The holidays are just around the corner, so you’re likely looking for ways to save some cash. This time of year can get expensive, and every dollar counts. Most holiday shopping starts around Black Friday, and consumers are spending some serious cash.
The National Retail Federation estimates consumers will spend an average of $1,007.24 on holiday shopping during the 2018 season, which is 4.1% more than the year before. In 2017, shoppers spent an average of $335 from Thanksgiving Day through Cyber Monday. Roughly 75% of that amount went toward gifts. National Retail Federation President and CEO Matthew Shay said in a statement that shoppers are feeling confident enough about their finances to spend more this year:
The holidays are just around the corner and consumers are ready to shop. Confidence is near an all-time high, unemployment is the lowest we’ve seen in decades, and take-home wages are up. All of that is reflected in consumers’ buying plans. Retailers expect strong demand this year and are prepared with a wide array of merchandise while offering strong deals and promotions during the busiest and most competitive shopping season of the year.
So, how can you make sure you don’t break the bank when shopping for gifts during the holiday season? The money-saving experts at Earny, the app that helps shoppers earn refunds when prices drop, offered a few tips for saving a few bucks during this time of year. Here are some tips from Earny:
- Scout the best deals: Look to the web for the best deals. BlackFriday.com and CyberMonday.com collect all the holiday deals, which start getting announced this month. Check these out in advance so you can move fast and buy the best sales before they sell out.
- Find free coupons online: Don’t click that purchase button, just yet. You could be missing out on some great deals. Before you hit ‘checkout’ make sure to look for free coupons first. If you use Chrome, get Honey, which will find the best coupons and promo codes every time you shop online.
- Get free shipping on December 14: There’s nothing like a freebie. If you miss the Black Friday weekend deals, you can still get free shipping on Free Shipping Day. More than 1,000 retailers participate.
- Get automatic refunds when prices drop even lower: Black Friday deals can be good, but the best sales are after the holidays are over. Download Earny, an app that will get you refunds when prices drop. Your wallet will thank you in January.
The Cheat Sheet’s bonus tips:
- Regift. If you have an old present in good condition and you know the recipient would love it, get out some wrapping paper and dress up that old gift. This way, you won’t waste precious space in your closet. Just make sure you don’t accidentally give the present back to the person who originally gave it to you.
- Shop early. Don’t wait until the last minute to purchase gifts. The holiday shopping rush can be disconcerting and stressful. When you shop early, you’ll be able to take advantage of pre-Christmas sales and have more control over the shopping process. Also, consider shopping for next year’s gifts during the post-Christmas sales.
Read more: 3 Ways to Save Money on Holiday Travel Costs
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