The festive season is upon us and retailers and e-commerce websites are offering exciting deals and discounts to lure customers. This is the time when people go on a shopping spree looking for gifts for their loved ones or stocking up on household essentials for the upcoming year. However, it's important to navigate these festive season offers like a pro to ensure you're not overspending and to make the most of the discounts available.
Firstly, it's important to have a budget in mind before you start your shopping. This will ensure you re not overspending and can help you prioritize your purchases. You should also consider your credit rating before indulging in festive season offers.
Your credit rating is an important factor that determines your ability to borrow money. It's based on your credit history and helps lenders assess your creditworthiness. A higher credit rating means that lenders view you as a lower risk borrower and are more likely to approve your loan or credit application.
Maintaining a good credit rating is important as it can help you in various financial situations such as applying for a loan or credit card or even renting a property. Late payments, missed payments, and defaults on loans or credit cards can negatively impact your credit rating. Therefore, it's important to be cautious with your spending and to maintain a good credit history.
Now, let's delve into how you can navigate festive season offers like a pro.
1. Do your research
Before you start your shopping, research different retailers and their festive season offers. Compare prices and discounts to find the best deal. Many e-commerce websites and retailers offer exclusive discounts to their loyal customers through newsletters and social media. Signing up for these updates can help you stay informed about the latest discounts.
2. Make a list
Making a list of things you need can help you stay focused and avoid overspending. Prioritize your purchases and look for deals on items that are a priority. Also, make sure to consider the value of the item before making a purchase. Even if an item is on sale, it may not be worth buying if it's not needed or won't be used.
3. Use credit cards wisely
Credit cards can offer benefits such as rewards points, cashback, and discounts. However, it's important to use them wisely and avoid overspending. Set a limit and stick to it. Additionally, make sure to pay off your credit card balance on time to avoid interest charges.
4. Compare prices
Compare prices of items online and in-store to find the best deal. Many retailers offer online-exclusive deals that may not be available in-store. Additionally, look for items that are on clearance or are being sold at a discount due to minor defects.
5. Shop during non-peak hours
Shopping during non-peak hours can help you avoid the crowds and reduce the chances of overspending. Additionally, retailers may offer additional discounts during non-peak hours to attract customers.
6. Price match
Many retailers offer price matching, which means they will match the price of an item if it's sold at a lower price by a competitor. This can help you save money without compromising on quality.
7. Plan ahead
Planning your shopping in ad**vance can help you stay organized and avoid last-minute purchases. Additionally, planning ahead gives you time to research prices and ensure youre getting the best deal.
8. Dont be swayed by manipulative sales tactics
Retailers often use manipulative sales tactics to urge customers to make impulsive purchases. For example, displaying limited-time offers or using scarcity tactics by stating “limited stock only. It's important to stay cautious and not fall for these tactics. Take your time to research products and offers before making a purchase.
9. Take advantage of loyalty programs
Many retailers offer loyalty programs that offer rewards points, cashback, and exclusive discounts. Signing up for these programs can help you save money on future purchases.
In conclusion, navigating festive season offers like a pro requires careful planning, research, and budgeting. Make sure to prioritize your purchases and avoid overspending. One such monetary device that will let you make the most of the festive deals is the Bajaj Finserv Insta EMI Card. The Bajaj Finserv Insta EMI Card offers a pre-approved loan amount of Rs. 3 lakh for cardholders. The card allows users to make purchases online or in-store and convert the payment into interest-free EMIs (Equated Monthly Installments). Users can avail the pre-approved amount and payback in easy monthly installments, without paying any interest amount.