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Are you saving money when you’re holiday shopping?

Holiday season sales seem like the perfect time to get great discounts on various items. But how much do you actually save?

Holidays are the perfect time to go bonkers on sales and buy the stuff you want at great discounts. Most people concentrate their yearly shopping sprees around this season so that they can get the best value and save the most amount of money.

In this article

How much money are you really saving while shopping during the holiday sales? Or do you even save any money in the first place? With Black Friday and Cyber Monday here, let’s take a look at whether you will actually save money when you shop during this holiday season.

Black Friday typically starts the day right after Thanksgiving. And as far as retail sales are concerned, the term Black Friday indicates sales moving from the red zone to the black zone. Meaning, with red indicating a loss, sales during the holiday season move to the black zone to indicate profits. 

Consumers willing to accept delivery delays

Consumers shop for all kinds of stuff during Black Friday and Cyber Monday. This includes phones, toys, video games, tech gadgets, gaming consoles, clothes and others.

However, one of the main drawbacks of holiday season sales is that deliveries get delayed by quite a bit. Sometimes, these delays can extend beyond the regular holiday season leading to unhappy customers. Is the money you save worth the wait? When consumers start complaining, it’s usually not a good sign for businesses. 

Discounts come at a price

Sales usually attract a lot of consumers, much more than the normal number. Due to this, long queues at physical stores and slow websites and mobile apps are usually what consumers face. Either way, the discounts you want so badly come at a price. It all depends on whether you are willing to pay that price or not. 

For example, gas prices have gone up this year. Is the cost of driving down to the store to buy stuff at discount worth it? Or will you end up paying more? Whatever the case, remember that the holidays are meant to be enjoyed.

So saving money while shopping this holiday season needs to be something to think about. Shop wisely, look for the best deals and make the most of what the season has to offer. Meanwhile, here’s how you can get your shopping right this season.

This page is purely informational. Line does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

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