It’s that time of year again when people prepare to roll up their sleeves and take part in shopping frenzies such as Black Friday.
But before you start shelling out, pause for a moment and consider whether you could be a little more savvy with your cash.
Are you really going after the best bargains? Will you regret splashing out too much come January?
Here are seven things you need to know before starting your Christmas shopping.
Is it really a bargain?
Just because a shop is advertising “mega discounts”, is the item you’re after really cheaper than it would be at another time of year?
Do some homework now, when you’re less under pressure to have Christmas all wrapped up, and you’ll have a better idea later on if you’re really getting a great deal.
Can you take it back?
Swot up on your consumer rights. While there are general rules, it’s worth asking stores about their individual policies when it comes to “goodwill” returns if you simply change your mind.
The Consumer Rights Act spells out your rights to refunds on faulty items and makes it easier to challenge hidden fees and charges.
How you pay can give you added protections if anything goes wrong
Your credit card company is jointly liable if something goes wrong with a product or service you’ve paid for with that card. You don’t have to have paid the full amount on your credit card either. It’s the value of the goods you’re buying that is key, not the amount paid on the card.
Check the website you’re buying from is genuine
Shoppers are often tempted to let their guard down. It helps to stick to retailers you know are reputable. That is not to say that any online retailer you haven’t heard of should be on the blacklist, but take the time to do a little research and look for reviews.
Checking your e-mails carefully is also crucial. Fraudsters are becoming increasingly sophisticated at mimicking legitimate retailers.
Factor in delivery charges
Some online stores offer free delivery for shoppers who spend over a certain amount when making a purchase.
Will your shopping spree put you in debt?
Make sure the thrill of a bargain doesn’t lead to a debt hangover. Set a budget and if you’re paying by credit card, pay it off before any charges apply. Keep track of your account balance as busting an overdraft limit can be expensive.
Cut the costs
Voucher and cashback websites can help. Try leaving your item in your online basket and see if the store e-mails you a discount code.
