Smart Shoppers’ Checklist: Holiday Shopping Hacks and Tips
A Guide to Making the Most of Black Friday and Holiday Shopping
Shoppers will be out in full force in the next few days to take advantage of the many deals and discounts offered during Black Friday and the holiday season. However, it’s crucial to be aware of return policies in case a purchase doesn’t meet expectations.
Understanding the Impact of Inflation on Holiday Shopping
According to a survey from nationalblackfriday.com, shoppers plan to spend over $900 this holiday season. Interestingly, 43% of respondents said they will likely cut back on their holiday shopping budgets due to inflation. This highlights the growing concern among consumers about the rising cost of living.
The Importance of Return Policies
"Consumers definitely have inflation on their brain," said shopping expert Kristin McGrath. "They’ve been getting hit by it for the better part of two years now, and that really does factor into their holiday and Black Friday shopping strategies."
Returns: A Growing Concern for Retailers
In an effort to combat the growing issue of returns, some retailers are now charging fees for returns, such as restocking fees or shipping fees. "I’m seeing more retailers charging fees for returns," said Ted Rossman, senior industry analyst at Bankrate. "So, it’s essential to be mindful of this, especially if you’re planning to return something or think you might."
Other Holiday Shopping Tips and Tricks
When planning your holiday budget, don’t forget to consider the smaller expenses that can add up, such as greeting cards, postage, and holiday parties. These seasonal expenses can impact what you can afford.
Conclusion
As the holiday shopping season approaches, it’s crucial to be aware of the importance of return policies and to plan your budget accordingly. By being mindful of these factors, you can make the most of Black Friday and the holiday season.
Frequently Asked Questions (FAQs)
Q: What is the average amount people plan to spend on holiday shopping?
A: According to a survey from nationalblackfriday.com, the average amount people plan to spend on holiday shopping is over $900.
Q: How many people are cutting back on their holiday shopping budgets due to inflation?
A: According to the same survey, 43% of respondents said they will likely cut back on their holiday shopping budgets due to inflation.
Q: What is the impact of inflation on holiday shopping strategies?
A: As shopping expert Kristin McGrath noted, inflation is a major concern for consumers, and it’s affecting their holiday and Black Friday shopping strategies.
Q: Are there any fees associated with returning items?
A: Yes, some retailers are now charging fees for returns, such as restocking fees or shipping fees. It’s essential to be aware of these fees when making a purchase.
