Being money smart is important for everyone of us. I thought you'd find these tips useful … I sure do and I am putting them to use this season. Enjoy
A Dunia Magazine article
By Sharon Arrey, MBA Finance & Accounting
With the holiday season here, I have been thinking of ways to shop smart, get great gift items without exhausting my budget. The National Retail Federation reports that this holiday season, retailers are targeting serious bargain hunters. Their research shows that consumers in the U.S. plan to spend an average of $682.74 on holiday related shopping this year compared to $707.01 last year (a 3.3% drop from last year).
About 65.3% of Americans say the economy has affected their holiday plans this year with a majority saying they are adjusting by simply spending less this year. 84.2% will be shopping sales, 55.0% using coupons, 41% recycling last year’s decorations, 55% buying practical gifts and another 40% buying joint gifts. This obviously indicates that many are already making financially smart adjustments.
Here are a few tips on how to shop smarter:
1. Don't get hung up on black Friday. The whole “black Friday” shopping is not always such a smart shopping move, simply because it is only blown out of proportion for commercial purposes. Many retailers like Amazon.com offer several pre-black Friday deals on electronics beginning in early November. Other retailers offer free shipping and a large selection of sales weeks before black Friday to draw in more consumers as well. Good deals are usually extended over the holiday season. It is also important to note that smart shoppers actually start shopping on the day after Christmas, which honestly has better deals than black Friday.
2. Make a shopping list. Before you leave home …continue reading…