Current:Home > Back4 Black Friday shopping tips to help stretch your holiday budget-DB Wealth Institute B2 Expert Reviews
4 Black Friday shopping tips to help stretch your holiday budget
View Date:2024-12-23 20:10:01
Black Friday shoppers, beware: Gift prices are climbing. So if you want to cross off every item on your holiday shopping list, you'll likely have to dig for discounts.
Not sure how to bargain hunt to keep your seasonal shopping spree below budget? Here are one personal finance expert's tips on how to score the best deals this holiday season.
Don't get duped by doorbuster deals
During Black Friday, many major retailers offer exclusive doorbuster deals, or deeply discounted goods, at their brick-and-mortar stores. However, if a deal seems too good to be true, it's often because it is, Kimberly Palmer, a personal finance expert at NerdWallet, told CBS MoneyWatch.
According to Palmer, doorbuster deals are often offered on outdated and lower-quality products. Additionally, those deals are often harder to snag because they typically only apply to items that are in "very limited supply," Palmer told CBS MoneyWatch.
Palmer advises shoppers to have an idea of what they're looking to buy before visiting their local stores. Shoppers should also consider how flexible they're willing to be on an item's make and model, she said.
Stack store discounts with credit card offers
During the holidays, many credit card issuers offer additional discounts for purchases at popular retailers. To see if your credit card comes with any special offers, check your care issuer's app or website. If available, you should opt into holiday offers to get extra discounts (often in the form of statement credits) for shopping at your favorite stores, Palmer said.
While retailers may limit how many coupons you can use per purchase, you can easily combine credit card-issued discounts with store coupons, allowing you to maximize your savings at checkout.
"A great way to shop is to stack those discounts on top of each other," Palmer said. "You might get a 10% discount through your credit card, and then you get a Black Friday or Cyber Monday deal that adds another 10% [discount] to your purchase."
Time your purchases with deep discounts
Knowing when to shop for certain items, can save you big bucks around the holidays, according to Palmer.
If you're looking to scoop up the season's hottest toys, postpone your shopping trip until right before the major gift-giving holidays, Palmer advises. Conversely, if you're looking to pick up a television, computer or smartphone, you'll likely find better deals on or around Black Friday, when electronic prices are likely to dip, she said.
Use browser extensions to find bargains
Using e-commerce-focused browser extensions can help you maximize your savings during your next online shopping spree. Paypal Honey, an in-browser bargain-hunting tool, automatically searches for and tests available coupon codes for more than 30,000 online shops. Meanwhile, Rakuten offers cash-back deals for shopping at over 3,500 stores, including Target, Macy's, Walmart, Ulta and Nike.
Lastly, Amazon shoppers can use tools such as CamelCamelCamel to monitor millions of product prices and receive alerts when those prices drop.
- In:
- Black Friday
- Holiday Season
Elizabeth Napolitano is a freelance reporter at CBS MoneyWatch, where she covers business and technology news. She also writes for CoinDesk. Before joining CBS, she interned at NBC News' BizTech Unit and worked on the Associated Press' web scraping team.
veryGood! (87281)
Related
- The View's Sara Haines Walks Off After Whoopi Goldberg's NSFW Confession
- Inside Clean Energy: How Should We Account for Emerging Technologies in the Push for Net-Zero?
- Prince George Enjoys Pizza at Cricket Match With Dad Prince William
- Inside Chrissy Teigen and John Legend's Love Story: In-N-Out Burgers and Super Sexy Photos
- Tony Hinchcliffe refuses to apologize after calling Puerto Rico 'garbage' at Trump rally
- In North Carolina Senate Race, Global Warming Is On The Back Burner. Do Voters Even Care?
- California Passed a Landmark Law About Plastic Pollution. Why Are Some Environmentalists Still Concerned?
- Natural Gas Samples Taken from Boston-Area Homes Contained Numerous Toxic Compounds, a New Harvard Study Finds
- Disruptions to Amtrak service continue after fire near tracks in New York City
- BMW warns that older models are too dangerous to drive due to airbag recall
Ranking
- Princess Kate to host annual Christmas carol service following cancer treatment
- Charlie Puth Blasts Trend of Throwing Objects at Performers After Kelsea Ballerini's Onstage Incident
- Hurricane Michael Hit the Florida Panhandle in 2018 With 155 MPH Winds. Some Black and Low-Income Neighborhoods Still Haven’t Recovered
- Amazon Reviewers Keep Coming Back to Shop These Cute, Comfy & On-Sale Summer Pants
- 2 weeks after Peanut the Squirrel's euthanasia, owner is seeking answers, justice
- Activists Laud Biden’s New Environmental Justice Appointee, But Concerns Linger Over Equity and Funding
- In the US West, Researchers Consider a Four-Legged Tool to Fight Two Foes: Wildfire and Cheatgrass
- Inside Chrissy Teigen and John Legend's Love Story: In-N-Out Burgers and Super Sexy Photos
Recommendation
-
World War II veteran reflects on life as he turns 100
-
Kyle Richards and Mauricio Umansky Break Up After 27 Years of Marriage
-
In Nevada’s Senate Race, Energy Policy Is a Stark Divide Between Cortez Masto and Laxalt
-
Eastwind Books, an anchor for the SF Bay Area's Asian community, shuts its doors
-
Amazon Prime Video to stream Diamond Sports' regional networks
-
How Is the Jet Stream Connected to Simultaneous Heat Waves Across the Globe?
-
Well, It's Still Pride Is Reason Enough To Buy These 25 Rainbow Things
-
Unsold Yeezys collect dust as Adidas lags on a plan to repurpose them