Home : shopping : Cyber Monday : 9 Shopping Errors To Avoid This Cyber Monday
9 Shopping Errors to Avoid This Cyber Monday

9 Shopping Errors to Avoid This Cyber Monday

Shopping during big sales events is fun, especially on Cyber Monday. However, retailers may sometimes offer limited time for users to purchase products. And this time crunch may compel one to feel overwhelmed even before the shopping sale arrives. Some may even end up buying items that they dislike later or go overboard with their spending, causing disappointment and financial distress. Therefore, one must avoid these nine shopping errors for a better shopping experience during Cyber Monday.

Buying without research
Some people end up making purchases during Cyber Monday just for the sake of it. However, these individuals realize much later that they have overspent on things that they probably never required. So before opening a retail website on the day of the sale, one must research what they need and the related prices to expect during the Cyber Monday sale event. Compare the prices with last year’s deals to see if the current price is worth its tag.

Ignoring budgeting
Budgeting is one of the key elements of shopping online. However, many individuals ignore setting a budget and spend way more than they should have, even if it is just a couple of extra dollars for each product. If each product costs $10 more than one anticipated, it could cost well over $200 extra if they buy twenty items. Such overspending could lead to the individual incurring a debt later on. Therefore, one must set a fixed budget in mind before they shop during Cyber Monday.

Not signing up for mailers
Most brands and retail websites have a pop-up that may appear the moment a user opens the website. The box asks for information such as the email address so the retail store can send newsletters and other promotional content to the user before the sale time. However, many people ignore this pop-up. Doing so could lead to one missing out on steep discounts and deals during sales such as Cyber Monday. One could sign up for these mailers so that they are well informed about any upcoming deals for the big sale.

Neglecting early-bird deals
Most users wait for Cyber Monday to shop for the things that they need without checking the deals. But these days, retailers have grown fond of releasing early-bird deals and discounts so that customers can get their products earlier. So, if one wants to buy a particular item, one should keep an eye out for early-bird deals.

Overlooking social media
Besides skipping mailers, many individuals do not follow brands on social media. These days, such networking platforms have become a significant medium for manufacturers and other retailers to reach their audience. To engage followers, the brand may also launch contests and promotional offers that are only visible on these platforms. So following these pages could also help find the best deals on favorite products during Cyber Monday. Sometimes they also offer freebies for users who complete certain tasks on their page.

Not paying heed to the returns policies
One may get the most attractive deals during the Cyber Monday sale. But it might only be worthwhile if they pay heed to the retail store’s returns policy. Individuals might spend hundreds of dollars on something that does not suit them. It could include an uncomfortable mattress, an outdated smartphone, or tight clothing. So before making a purchase, one must check the return, exchange, or refund policy of the product to avoid incurring a loss.

Skipping shopping on applications
Retail stores and marketplaces have started listing their products through smartphone applications. These applications also potentially house more deals and discounts for customers in comparison to the offers on the website or brick-and-mortar stores. Sometimes the offers are exclusive to the app. So one must check the website and app for the best deal when shopping for products.

Opening a new credit line without research
There are multiple retail websites that offer unbelievable cashback and discounts if a user agrees to open a new credit line. While these have a simple “sign-up” procedure and offer impressive deals, individuals may incur more expenses in the future. Failing to pay back a credit bill in time may lead to interest accumulating on the amount. Furthermore, there may also be card activation charges that might be applicable if a certain limit is used in a particular month or year. So if one must open a new credit line, conduct research in advance to avoid future losses.

Falling prey to scams
The sale period is a thriving place for scamsters. It is easy for users to get carried away during shopping festivals and open spurious websites. This may eventually result in them losing money and getting inferior products or nothing at all, with no way of gaining back what is lost. Therefore, one should ensure they shop from reputable retail websites during Cyber Monday. Moreover, it is also important to check emails before clicking on a link, as it could be a fake website with a name that resembles a familiar brand.

Top Reads

Top Tags

Popular Reads

4 popular credit cards for college students
finance

4 popular credit cards for college students

A good credit score is essential as it can be a criterion for lucrative job prospects or renting an apartment. Moreover, a good credit score is an uncompromisable necessity while applying for a loan that has terms and conditions that favor you. To ensure that you have a good credit score, it is better to start building it young and early. One of the easiest ways to do so is by applying for a student credit card from prominent credit cards companies. Now, there are several credit cards companies that offer lucrative credit cards, making choosing the right one confusing. To help you narrow down your choices, here are some of the best credit cards companies that offer student credit cards. Bank of America® Travel Rewards Credit Card for Students: One of the biggest credit card companies in the country Bank of America offers a slew of benefits with its student credit card. With each dollar spent using this card, students can earn 1.5 points. This applies to purchases without any caps. The points can be redeemed as discounts on hotels, flights, rental cars, and vacation packages. There are no restrictions or blackout dates applicable for availing these discounts. With no foreign transaction fee or annual fee, the card allows one to earn nearly 25,000 points on spending about $1000 in the first 90 days.
Read More

What you must know about guaranteed business loans

If you’re looking for funding your small business with a loan, you’ll most likely come across the term “guaranteed business loans.” People often misunderstand this term as business loans that are guaranteed to be approved. But, this is not what guaranteed business loans means. To clarify the confusion, let’s understand what the term actually means, and discuss the most popular types of guaranteed business loans. What are guaranteed business loans? In simple terms, guaranteed business loans in the world of small business loans refer to loans that are secured or backed by a guarantee. The guarantee can be in the form of collateral, deposit, or an agreement. This essentially means that the lender is guaranteed to receive their money back even if the borrower fails to pay. When we talk about guaranteed business loans, we refer to loans with a personal guarantee or, more commonly, loans guaranteed by the small business administration (SBA). Let’s take a look at both these types. Personally guaranteed business loans As you understand from the term “personal,” when you make a personal guarantee on a business loan, you essentially agree to sell your assets to pay off the loan, if your business is unable to do so.
finance

5 mistakes to avoid when investing in a high dividend ETF

Exchange-traded funds (ETF) have been gaining popularity in the investment sector for some time now. Along with mutual funds, they have been one of the most preferred investment options among investors. With investors having pumped in billions of dollars in ETFs by now, these funds sure seem like a lucrative investment avenue. However, financial experts suggest treading this path carefully so as to avoid unforeseeable losses. Here are a few mistakes that you can avoid while investing in high dividend ETFs: Overlooking long-term investment Looking at long-term goals is the golden rule when it comes to any type of investment. However, seasoned investors invest in ETFs on a short-term basis through a type of trading called intraday trade. This type of trading allows the investors to buy and sell stocks and other investments on the same day. However, if not thought out carefully, investing in high dividend ETFs through intraday trading can result in lower returns and higher trading costs. Buying an ETF simply based on its name This is one of the most common mistakes people make when investing in high dividend ETFs. Investors may think that an ETF’s name provides an insight into its investment reach, i.e., whether the ETF has local or/and global investors.
finance

How to qualify for a reverse mortgage

A reverse mortgage provides the elderly access to equity in their homes and supplements their income. With its flexible repayment option, it gives homeowners more control over their money. However, the government has laid out strict rules and guidelines concerning reverse mortgage eligibility criteria. So, if you’re considering a reverse mortgage, read on to know the reverse mortgage eligibility criteria and the types of reverse mortgages. Reverse mortgage eligibility criteria The first criterion for a reverse mortgage is that the primary homeowner must be at least 62 years of age. If your spouse is under the age of 62, you might still be eligible if you meet other reverse mortgage eligibility criteria. If you’re not 62 or older than 62, then you won’t qualify for a reverse mortgage even if you satisfy the criteria mentioned below. You must be the primary resident of the home you’re seeking a reverse mortgage for. Note that vacation homes or rental properties do not qualify. You must either entirely own the house or have at least 50% equity in it. If you have any mortgage balance remaining while applying for a reverse mortgage, you must be in a financial position to pay off that balance.
finance

5 benefits of opting for debt settlement

Debt settlement can be a financial lifesaver for many. Managing debt is quite a difficult task. With every advancing payment due date, one may feel their finances getting tighter and tighter. Between paying for a house mortgage, student loans, credit card debt, personal loans, and many other debts, it is quite common to miss out on paying one payment. Although it may not seem like a big problem initially, this is not good for financial health in the long term. This is where debt settlement comes in. There are multiple benefits to availing debt settlement offered by some of the top 10 debt settlement companies. No more bills With debt settlement, no more bills will be incoming in the mailbox. Debt settlement results in the closure of a debt account by the creditor. In such cases, one will not be able to use their credit cards again. However, this can be beneficial since it will prevent further debt in the future. With debt settlement, there is a permanent erasure of debt. No more collection calls With mounting debt, the calls of creditors are always incessant. If one if falling behind on too many bills, they are bound to be subjected to creditor calls throughout the day.
finance