Black Friday didn’t die in 2020 – it just settled in cyberspace.
Although long lines and large crowds associated with traditional Black Friday shopping events may be down due to social distancing restrictions, retailers have compensated for this by postponing many of their deals online – and often extending sales through Cyber Monday to have.
Buyers are also preparing for the virtual spend – 74% of consumers say they will shop more online this year, according to Discovers annual report Holiday shopping survey.
However, online shopping comes at its own risk when trying to stay on a budget. When you buy virtually, it’s easy to buy a truckload with just a few clicks – without really paying attention to the real dollars you’re spending.
Before you hit the “Buy Now” button, check out how to avoid these 10 mistakes when shopping online.
10 online shopping mistakes to avoid this holiday season
Avoid these pitfalls when searching for your vacation finds online so as not to spend big bucks.
1. Be fooled by terrible discounts
When isn’t a Black Friday sale really a sale? When the discounts aren’t better than what you usually get. Typically, when you can find your favorite brand of shoes for $ 50 – even though the “suggested retail price” is $ 90 – you should use $ 50 as a benchmark.
If a retailer advertises the shoes at 50% off, but the discount is different from the regular suggested retail price, you save only $ 5 off what you would normally pay.
Let it be a lesson that just because an item is listed on a website’s sales page, it doesn’t mean something is worth your money.
2. Spend more to get “free” shipping
We’ve all been through this. They know that if your order is over $ 50 but your cart is $ 48.50 you can get free shipping.
Maybe you can find something for $ 1.50 to hit the minimum … or you just throw in the $ 10 item that you don’t really need, but you get free shipping.
Instead of sorting the sales area from low to high, step away from the virtual shopping cart and rethink your original purchase.
Would it be worth paying to have the original item shipped and to meet your original budget? Or consider other shipping options that the retailer offers. Can you use a shipping option that allows you to save on shipping and drive up to receive the goods?
3. Do not leave your shopping cart
Yes, leaving a cart full of things at a brick and mortar store could be a bad form, but do it online and you could get a better deal.
Some retail websites trigger an email coupon when you leave items in your cart and close your browser. Leave your cart for a few hours (or a day) and you may receive an email that says, “Forgot something? Here, you have a discount! “
If you don’t need to place the order right away, a brief period of indecision (or “indecision”) may help you get a better deal.
4. Fall for expensive promotional items
Sites like Amazon, Etsy, and eBay know that consumers want convenience – and they are easily distracted by the first item they see in search results. Therefore, they place advertised products in the search results even if you sort from lowest to highest by price.
Before clicking on this attractive looking product and mistaking it for your price range, double check that it is an advertised product.
5. Do not shop in incognito mode
Did you know that some online shopping websites may show higher prices depending on your location, time of day you shop, and whether you have previously checked out the item on the website?
Shop in the private mode of your browser to avoid retailers changing prices to make you buy.
6. Shopping while you are drunk, tired, or hungry
This way, you get a skirt two sizes smaller than what you normally wear because you think you could possibly fit into it at some point. And it’s a final sale. Just do not.
If you have a tendency to shop while drinking or late at night while trying to cure your insomnia, do yourself a favor and protect your wallet from your worst shopping trends.
Put a couple of these Purchase guarantees in place to prevent your retail hangover.
7. Don’t do research
Never make an impulse buy based only on the picture of the item.
Have you read reviews for the product? (Bonus points for viewing photos uploaded by users.)
Did you check the tech specs on the expensive electronics to make sure you were getting one? high quality article? Or that it has the connections you need to make it work with your current setup?
Have you checked the dress size chart?
If you can’t shake off the reasons why this product is worth buying now, move away from your laptop. You are not ready to buy.
8. Do not check the return policy
Many online stores allow you to do returns, but some of them also skip through hoops before you can get your money back.
Before you buy, check the store’s return restrictions and find out how much of it will be deducted from your refund (for return or restocking) when you return the item.
9. Do not use a cashback program
If you don’t shop online through a cashback portal, you are missing out on free money.
Take a look at this Google Chrome extensions – You automatically recognize whether there is a discount, a cashback offer or an offer for your purchase.
10. Have no budget
Before that, when you went to the store, you may have had a list, or at least a way to keep track of how much you had left to spend. It’s a lot easier for online purchases to get out of hand as you can jump from site to site – anytime.
If you’re shopping an hour before your vacation starts, check your numbers and create one Vacation budgetYou will be able to keep the holiday cheer (and extra cash) into the new year.
Lisa Rowan is a former writer at The Penny Hoarder. Associate and editor Tiffany Wendeln Connors contributed to this post.
This article originally appeared on www.thepennyhoarder.com