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As research shows, people are delaying the process to get more bang for their buck.
Financial shortages, packed stores and highinflationplay major roles, as well.
Why are frugal people putting off their holiday shopping?Is it the best tactic?
Better Discounts
Forget about Black Friday or Cyber Monday!
As the holidays approach, retailers are more eager to hit their sales goals.
This means clearing out inventory and offering higher discounts than usual.
They know the stores usually slash prices as the holidays get closer to lure in last-minute buyers.
So, by holding off, they can snag better deals.
Rapidly increasing interest rates and wage stagnation certainly didnt help, either!
Waiting until the last minute to shop gives frugal buyers more time to save up.
More Time To Plan
Gift-giving can be stressful.
So, whats the good of doing so?
Americans who delay their holiday shopping have more time to plan.
Changing Consumer Behaviors
Over the last few years, consumer behavior has undergone significant transformations.
This, of course, is also true for holiday shopping.
This strategy may end up costing shoppers, however.
The second Monday of December offers some of the seasons best sales.
Other Ways To Save Money on Holiday Shopping
Yes,last-minute holiday shoppingcan sometimes be advantageous.
But there are other ways you’re free to sleigh holiday shopping and keep it on budget.
But this could be avoided by setting gift expectations early.
Rather than buying each person a present, you might suggest doing a Secret Santa.
When you see your actual spend, youll be less likely to waste money on unnecessary things.
If youre not among these people, now is the perfect time to change your purchasing patterns!
One way to do this is to usefree third-party appsthat allow you to track prices over time.
Some will even alert you if your chosen item is on sale.
If youre in a rush to find anything, you’re able to quickly exceed your holiday budget.
And with inflation-hiked prices, theres only so much it’s possible for you to buy with your dollar.
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