Finding just the right present for a loved one (and at the right price) can sometimes be challenging. It’s not only the holiday season in December that can be financially draining, but studies show that other holidays throughout the year (such as Mother’s Day, Easter and Valentine’s Day) can all be very expensive. Because there always seems to be a gift-giving holiday in the not-so-distant future, there are certain holiday shopping traps you should be on the lookout for.
Doorbuster sales aren’t necessarily the ideal time to get the best deal
Although you may be getting a terrific bargain for some items, for others, you may be dealing with the large crowds and early hours for not much of a savings at all. Comparison shop ahead of time so you know that you get the best deal possible.
Avoid gift cards
Although it may seem like a great gift if you know a friend or family member loves a certain store, there are sometimes fees (and even expiration dates!) that can be tacked onto gift cards. Opt for purchasing a gift from the store instead (the recipient should be able to exchange it for store credit if, for whatever reason, they don’t want to keep it) or give cash.
Find out a store’s return policy ahead of time
And if the item you’re purchasing is on sale or on the clearance rack, double-check that return policy. If you or your gift recipient can’t even get store credit for the item because it didn’t fit, for example, it will be money down the drain. Also inquire about restocking fees, and if these apply to any of the items you buy, inform the recipient so that he/she doesn’t open the item unless they’re sure they want to keep it.
Skip the extended warranty
More often than not, this add-on can be a waste of money.
Getting in debt can be easy, especially during some of the year’s biggest holidays. If you’ve incurred a lot of debt or you need to make a large purchase, Peachtree Financial Solutions may be able to offer you annuity cash. You can receive annuity cash now in the form of a lump sum if you are receiving long-term annuity payments and you’d like to sell some or all of your future structured settlement payments. Receiving annuity cash now can make it easier to catch up on bills, pay off debt, make the purchases you want to make, and so on. Contact us today for more information and for your no-strings-attached quote.
Nothing above is meant to provide financial or tax advice. You should meet with appropriate professionals for such services.