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Beware The Post-Christmas Sales

Contributor:
Ruth Brown
Ruth Brown

It would seem to make sense that one of the premises of frugal living and saving money is “wait until it’s on sale”.  Post-Christmas is the perfect time (well the only time really) that you should buy your decorations, wrapping, gift tags and bon bons ready for next year.  For those of us who choose an artificial tree rather than a live one, it’s also the best time to get your tree for next year.

However, as many of us get ready to join the bargain-hungry masses for some of the year’s biggest sales, now would probably be a good time for a word of caution.sales

If you want to save money at sales – remember the 3 R’s:  Reason.  Research.  Restraint.

  1. Make sure you have a REASON to go.  Shopping as a recreation could be highly detrimental to your bank account.  Remember, it’s not a bargain if you didn’t need it in the first place.
  2. RESEARCH your product beforehand, particularly with larger purchases.  Just because a store advertises something at 50% off, doesn’t necessarily mean it’s a good deal.   Ask yourself, “50% off what?  The price they marked it up to, so they could ‘slash’ it down again?”  It’s easy to get caught up in all the sale hype - you should know what the normal retail price of the product is, and what other stores normally sell it for.  Check the manufacturer’s website and find out the recommended retail.
  3. Stick to your purpose and show some RESTRAINT.  When you’re out there in thick of things, it’s easy to get whipped up in the excitement of the crowds.  Remember the REASON you went there and don’t let the temptation take hold.  If you’re in a relationship, perhaps both of you should go to act as the other’s conscience.

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