Getting the Most out of Cyber Monday Shopping

Cyber Monday sale tag displayed on laptop near storeThe shopping frenzy that takes place between Thanksgiving and Christmas is no joke. Millions of Americans pour into malls, retailers, and online hubs to find the perfect gift at an unbeatable price each and every year. But some have grown tired of the long lines and grumpy consumers taking to the pavement for Black Friday deals. For those who want to rake in the savings without the crowds – and maybe a glass of eggnog or two – Cyber Monday is here to save the day.

The Monday after Thanksgiving has become a deal-seeker’s paradise in recent years. Sites like Amazon, Best Buy, and Wal-mart appease the masses by offering up similar or better deals through their online storefronts than are available in stores on the traditional Black Friday shopping holiday. To make the most out of the Cyber Monday, here are some helpful tips.

Make a List, and Check it Twice

Planning ahead for your shopping spree is the best step you can take to get the most out of your holiday spending. That starts with creating a list of individuals for whom you need or want to buy, ideas for what you will purchase, and the amount you’re willing or able to spend. Your shopping list not only keeps you organized; it also helps you stick to your guns on spending limits.

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Americans spend over $900 on average for holiday shopping, making it necessary to have a plan in place well before the deals start flooding your inbox. If you know the details of what you plan to purchase, you’ll save yourself the grief of buying duplicate presents for friends and family, and you may even have a little cash left over to spend on yourself.

Watch out for Shipping Costs

Although Cyber Monday deals make it a breeze to get all your holiday shopping done from the comfort and privacy of your home or office, you could end up spending more than you would by shopping in-store. Shipping costs can add up to a pretty penny if you’re not careful with your Cyber Monday purchases.

Several sites offer free shipping on all items, regardless of price, while others make you spend a certain amount before shipping costs are waived. To save the most on your Cyber Monday buying, take the time to research which sites offer free or low-cost shipping or the amount you’ll need to spend to obtain that benefit.

Use Technology to your Advantage

Hundreds of stores, both online and brick-and-mortar locations, have jumped on the Cyber Monday bandwagon. While that creates a hefty dose of competition, it also makes it a challenge to know you’re getting the best deal available. Just as the web has made it possible to get your holiday shopping done without battling the crowds, some technology buffs have made it easy to compare pricing, find deals, and secure the right discount code to save you the most on Cyber Monday. Instead of navigating to each store you think might have a Cyber Monday deal, check out sites like SlickDeals or DealNews to see what’s available for the items you want to purchase.

Know the Terms

Not nearly enough can be said about the importance of planning in advance for Cyber Monday deals. In addition to doing your research on different sales across multiple retailers, it’s crucial to know that you’ll actually be able to purchase the item you want on the shopping holiday. Understanding whether a sale is a doorbuster or a limited supply helps tremendously to stave off buying disappointment.

Doorbusters and limited supply sales often mean you have to hop in a virtual line to gain access to the sale. As soon as the total number of items are purchased by your fellow shoppers, the deal is gone for good. If you see an item you want at a great price, click through to see what the underlying terms are before getting too excited, and plan to be on the site as soon as the deal becomes available.

Cyber Monday can be a beautiful thing for the shopper who doesn’t want to hit the road and deal with hurried crowds on Black Friday. However, to make sure you’re getting the most out of your online shopping, it’s helpful to plan well in advance. Create a list of people you’d like to buy for, with details on the item you think will make their day and the anticipated price – and stick to it! Utilize one of the many sites available with price comparison features to ensure you’re not spending more than you need to, and watch out for excessive shipping costs. Finally, plan ahead for hot items before the shopping holiday rolls around. Implementing these strategies allows you to enjoy Cyber Monday without the worry of missing out on significant savings.

Posted on November 27, 2017 by in Personal Finance

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