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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 November 20, 2018

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

Why Your Past Prevents You from Saving Money

Are you constantly thinking about your financial mistakes?

If so, these thoughts are holding you back from saving.

I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

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How to Effortlessly Track Your Spending

Stop manually tracking your spending.

Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

The Truth on Why You Keep Failing

Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

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Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

  1. Save more than 50% of your available money (after expenses)
  2. Only buy nice things after saving
  3. Automate your savings with automatic bank transfers

These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

How to Foolproof Yourself out of Debt

Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

So how can you separate yourself from the 60%?

By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

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Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

A Proven Formula to Skyrocket Your Savings

Having proven systems in place to help you save more is important, but they’re not the best way to save money.

You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

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Transform Yourself into a Saving Money Machine

Saving money isn’t complicated but it’s one of the hardest things you’ll do.

By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

What are you waiting for? Go and start saving money, the sky is your limit.

Featured photo credit: rawpixel via unsplash.com

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