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Tips You Must Know for Online Holiday Shopping

Tips You Must Know for Online Holiday Shopping

Holiday shopping is all about being in the know. Sales occur, but they can end as quickly as you find them. This also extends on the fact that certain deals can get better over time. The saying, “the early bird gets the worm” doesn’t hold as much as it used to. There are even times when sales are even better at times you wouldn’t have normally expected. We will take a look at the importance of timing, pricing, deals, and research in shopping smart this year.

There’s a Time for Everything – Free Shipping Day!

Extending on the point I mentioned earlier, holiday online shopping is all about timing. Almost every type of item has an optimal date around it. We are currently at a time when Black Friday, Small Business Saturday, and Cyber Monday have long passed. The next hot shopping day is actually Free Shipping Day on the 17th of December.

However, in my opinion, the namesake isn’t the reason why I recommend it as a hot shopping day. This year, and much of last, as been a time where free shipping is sort of expected from a retailer. Every website I personally have purchased from have offered free shipping. So how else can the 17th be good? Many of these retailers may also tack on a certain percentage off to further your savings and to make the say more worthwhile.

As for specific products, the week of free shipping day is one that I have found to be a great time to purchase your big ticket items, like electronics. Things like clothes toys, and other similar items are ones there shouldn’t be sweat over. They are your quintessential holiday shopping items that retailers will make available throughout the season at a good price.

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Ensure that You Are Secure

Identity theft and fraud are a big issue during holiday shopping. More individuals than ever are pulling out their credit cards and signing into PayPal to make their purchases. For this reason, online shopping is even more vulnerable to theft.

There are a couple of things that you can do to ensure that you are safe this year. First off, make sure that you are shopping in a safe network. This means that the WIFI you are using is familiar to you. If you are traveling, make sure that the WIFI is one that the hotel requires a password for.

Once in a safe network, make sure the website is safe by ensuring there is a security lock there. This is done with the “https” added before a website link. Facebook already has this and almost every big name shopping website does as well.

Lastly, if you must shop in a public network, ensure that you don’t set “Remember my password” when signing in and ensure that you not only sign out, but also quit the web browser when done.

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Mind Your Calendar – Stay Updated

We mentioned earlier that there are key times throughout December where you are more likely to get a certain deal. However, aside from this, other reasons to make sure you know the date is because of something much more important – shipping.

As I am writing this article, I am in shock at how close some deadlines are. The mean deadline for free ground shipments to arrive by the start of your holiday is between December 14th and 17th. While many providers allow you to ship up until the 24th for some locations, others have a December 19th deadline for 2nd or next day shipments.

Just because it says next day doesn’t mean it will get there the next day at this time of the year. They are backed up with orders and it’s safer to always add three to four days for your 2nd day shipping.

Get Paid (or Benefits) for Shopping

It is very possible to get some form of benefit from shopping online at certain websites. eBay is a great example of this. The website has a program known as eBay Bucks. On most products, there will be an icon stating how much you’ll get in eBay Bucks based on how much you are paying. There is also a way to gain more bucks from other things you to (for example, signing up for trials through Blockbusters or booking your flights). I easily gained a good chunk of change from shopping online that I can use in the beginning of January for things on eBay.

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Other options you can have is through cashback programs available through your credit cards or websites (American Express is a great example I have used). Also, Amazon Prime is a third program you should look into signing up for. The membership gives you the ability to have free shipping on most items as well as other benefits.

One success story I have had with Prime was when I purchased a book for a family member’s birthday. Turned out, they not only already had the book, but finished it. I went to return it and due to being a Prime Member, I was able to get a refund and keep the book (sitting on my bookcase as I type this). The $7.99 a month membership fee is worth it, especially for frequent purchasers.

Compare Before Your Buy

My last tip for today is to compare before you purchase. No, I don’t mean compare items, chances are you are already dead set on the item you want to purchase, and it’s not my job to sway you for a different product. That’ll be my job for other articles.

I mean you should compare shops before you buy. For example, I’m purchasing an iPhone 5 for myself this year. While I was set on purchasing through Apple, Best Buy has a special where you can get a $25 gift card when purchasing your iPhone 5 through them. I will either use this to regift or will use it toward my LifeProof case ($54 after using the gift card!).

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Compare who to purchase your items from and see who will give you the best deals. Some have even found it beneficial to go through the purchase process until you get to the final checkout page before you card is charged – then exit out. They will notice you didn’t complete your purchase and will offer up deals for you to complete the purchase.

As you can see, there are many tips and secrets to ensuring that you get the best deal with your holiday shopping. Let us know in the comments below what tips you have already made use of for this holdiay and which tips you have that weren’t mentioned above.

Featured photo credit:  Beautiful shopping woman at a draw mall via Shutterstock

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Published on January 8, 2021

How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

Ever wondered whether your credit card debt is the reason you’re in a bad financial situation? You can’t enjoy any fun activities because a good chunk of your money goes toward debt payment. Heck, you’re even behind on some of your monthly bills.

The effects of clumsy debt management are too many to list here. This guide is going to help you discover how to pay off credit card debt fast and start chasing your financial goals.

Debt problems are the last thing anyone wants to encounter. But things can get out of hand when all the “little debts” you take accumulate in interests.

What if you knew some simple and proven ways to be debt-free quickly? Implementing them would mean better financial health for you. It becomes possible to free up cash for your “wants.” These include taking a trip or buying something you’ve always desired. All that while paying your bills on time!

Let’s not wait any longer. Here are 7 powerful tips for paying off credit card debt fast:

1. Pay More Than the Minimum Credit Card Payments

Many people only pay the monthly minimum on their credit cards. Truly, that’s the right amount for staying on good terms with your credit card company. But you need a different approach if you’re looking to achieve financial independence within a short time.[1]

Most of your payments go toward interest costs when you only pay the minimum amount. A substantial sum of your balance remains standing. As a result, it becomes more expensive to eliminate your debts.

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You don’t want to wait more than 10 years to get rid of debt while it’s possible to do it sooner. All you have to do is double that $100 minimum payment to $200 or go higher.

The good thing is that minimum credit card payments are affordable in most cases. By paying a higher amount, you reduce your interest costs, lessen your borrowing period, and boost your credit score.

2. Start With High-Interest Credit Card Debt

If you have more than one credit card debt, prioritize putting the extra money toward the ones with the highest interests. This debt pay-off strategy, known as the debt avalanche method, is essential for being debt-free quickly.[2]

First, you need to list down all the credit card debts you have in the order of their interest rates. Next, you choose the one with the highest interest and pay a significant amount toward it each month. It can be an amount twice or even thrice larger than the minimum payment.

At the same time, you make monthly minimum payments on the other debts. Their interest charges won’t be as costly as that of the first debt on your list. You only move on to the next high-interest debt after the first one is gone. Remember that your focus is on the interest rates and not the balances.

3. Revisit Your Budget

Budgeting is useful for tracking your financial moves. Once you create a budget, some tweaks along the way can make it work for you better. One situation that requires you to revisit your budget is when you’re struggling with debts. It might hurt a bit to slash some expenses. But you also don’t want to miss out on achieving financial freedom in the long run.

You can reduce some variable expenses to free up more cash for credit card debt payments. They’re the ones that change from time to time. Some examples are groceries, fuel, and clothing.

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Other opportunities for cutting down your spending lie in non-essential expenses. Instead of dining out all the time, you can cook at home more to save money. You can also share some subscriptions with friends and pay a fraction of the cost.

If you’re determined enough, you can eliminate all your unnecessary expenses and focus on paying off your credit card debt first.

4. Avoid Using Your Credit Cards

Do you want to know how to pay off credit card debt with a low income? One simple way is to stop using them. Having your credit cards everywhere you go means that you’ll be more tempted to buy unnecessary stuff. In this case, you spend money that you don’t really own and get deeper into debt.

The quickest fix to stop the debt build-up is spending with cash. You’ll be more aware of everything you can afford at any particular time. If you decide to keep one or two cards to ease the transition, always make wise choices. For instance, only use them when experiencing financial difficulties.

It’s best to categorize your fun activities under “discretionary spending” in your budget. This way, you won’t need more debt to kill your boredom. By halting your credit debt from accumulating, it’s easy to pay down what you already owe and be happy with the progress.

5. Start a Side Hustle to Boost Your Income

You’re probably turning away a lot of money by not monetizing your skills. Everyone has something that they’re good at doing. And you can use that to generate extra income for attacking your credit card debt.

If you look around your neighborhood, you can find several side hustle opportunities. It can be pet sitting, tutoring, or lawn mowing. You can start an online business by offering services such as digital marketing, content creation, and web development. Such skills go in high demand on freelance sites and job boards.

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Finding clients on social media is also a good strategy to utilize your skills and make more money. Facebook groups, Quora Spaces, and subreddits are some places to look for side jobs. You only have to join a niche-specific platform, share your services, and respond to any opportunities.

It’s possible to learn a skill, practice it, and earn from it. Use the free resources online or purchase some e-courses to get started.

6. Sell Your Used Items for Extra Cash

Starting a side hustle isn’t the only way to generate extra money. You can turn unwanted items into cash for paying off credit card debt. Whether it’s an old TV, book, or furniture, there is always someone itching to buy your used stuff.

A garage sale, as much as it’s old-fashioned, is perfect for getting your neighbors and passers-by to buy from you. You keep all the money because there are no business permits or taxes involved. While you may not make much cash, it’s better than leaving your stuff to go defunct in your storage.

Other than that, you can sell your used stuff on online marketplaces. Facebook groups are great places to start if you want quick approvals and hence sales. You only have to ensure that your listing follows Facebook’s commerce policies.

When selling any pre-owned items online, ensure they’re in good shape to avoid problems with your buyers.

7. Know When to Seek Help With Your Debt

Asking for help with your credit card debt can be challenging to do. But letting it drown you is a road you don’t want to take. While you may feel embarrassed at first, it’s the best way to get back on track when you run out of options.

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There are tons of non-profit credit counseling organizations that can offer you free guidance on how to escape the debt trap. An example is The National Foundation for Credit Counseling. They simply review your finances and help you determine the source of your financial problems. After that, they match you with an actionable debt management solution.[3]

In extreme cases, the debt solution can be:

  • Debt relief – where your debt is partially or wholly forgiven
  • Debt consolidation – taking out one loan to repay others
  • Debt settlement – the creditor forgives a significant portion of your debt
  • Bankruptcy – legal process for seeking relief from some or all your debts

It’s necessary to carefully weigh your options before deciding on the way to go. Find out how it might affect your credit score and any other risks.

Wrapping It Up

Debt is a major setback when you’re trying to prosper in life. Paying off credit card debt is essential if you want to reach your financial goals. That means having more free income, a good credit card score, and even a chance to retire early. You become more productive each day because of the peace in your mind.

So, you now have some tips on how to pay off credit fast. Go ahead and get rid of that good life progress killer!

More Tips on How to Pay Off Debt

Featured photo credit: rupixen.com via unsplash.com

Reference

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