NerdWallet: Five simple rules for saving more on holiday shopping this year

by | Nov 22, 2022 | Stock Market

This article is reprinted by permission from NerdWallet.  This holiday shopping season is shaping up to be longer, pricier and in some ways more chaotic than in previous years, which makes it easy to overspend. But there are also opportunities for significant savings if you know where and how to search for them.

“There are supply chain issues, inflation, major retailers reducing inventory — when you put all of that together, it looks like a recipe for disaster,” says Jill Cataldo, a consumer coupon expert based in Chicago. Her solution? She started shopping early. “If you see something and it looks like a good deal, it’s time to pick it up.” That’s because while prices are higher overall, retailers launched the holiday deal season early, spreading out discounts and sales over the final three months of the year. Given that complicated background, here are the best ways to save money this Black Friday season:1. Shop early and often It might sound counterintuitive, but starting early can ease the impact on your budget and allow you to score the best deals. “I watch prices, see which retailer is offering the best price and always look for coupons before I buy — anything is better than paying full price,” Cataldo says. When she makes an early purchase, she keeps the receipt handy in case the price drops. Some retailers offer price matching, or you can buy the better deal and return the higher-priced purchase. See: How good are Black Friday sales this year? Here’s what to buy, and what to skip.2. Be relentless about comparing prices Apps, browser extensions and other tools that will help you track and compare prices abound; you just have to pick the one that you like using most. You can find choices that scour the web in the background while you shop and alert you to lower prices, coupon codes and cash-back opportunities. For example, the shopping app ShopSavvy will follow price changes on specific items. John Boyd, co-founder and CEO of Monolith Technologies, which owns ShopSavvy, says he uses that feature for things he has his eye on, …

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