It’s crunch time for gift buying. Here are four mind tricks that will help you spend less during the last-minute rush.
1. Use the “10-second” rule. Whenever you’re about to buy something, hold it for ten seconds and ask yourself if you really need it or if that money could be better used on something else.
It’s especially helpful for stocking stuffers, since it’s easy to get carried away with small, inexpensive presents.
2. Go cash-only. Research shows that people spend a LOT more when using credit cards instead of cash. So if you want to keep your spending in check, try bringing only cash to the store.
3. Shop alone. The more people you bring along, the easier it becomes to impulse buy.
4. Take fewer shopping trips. The more time you spend shopping, the more money you’ll spend. So take fewer trips to the mall, and limit the number of stores you go into altogether.
Hope you’re saving money, because Christmas is going to do its best to bankrupt you this year.
A new study by the consulting company Deloitte found the average person will spend almost $1,500 on the holidays this year. Here’s how that breaks down . . .
- $487 on gifts.
- $348 going to holiday parties.
- $212 hosting holiday parties.
- $182 on clothing for yourself or your family that ISN’T a gift.
- $124 on decorations.
- And $110 on random other expenses.
That’s a total of $1,463 . . . so only one-third is going toward gifts.
And that total doesn’t include things you buy for YOURSELF. Half of people say they plan on getting themselves a gift or two while they’re shopping.
(On a related note, another survey found that 71% of people say the thing that gets them into the “holiday spirit” is . . . shopping.)
I accidentally went grocery shopping on an empty stomach and now I’m the proud owner of aisle 10.
Most stores have released their Black Friday ads, and the website Wallethub.com ran the numbers on them in a way that’s pretty helpful if you’re shopping this week.
They analyzed the ads from 22 major stores and websites, including 5,525 deals total . . . and found the average discount this Black Friday is 39.45%.
That means if you see something on sale for LESS than 40% off, it’s not that great of a deal. And if you see something for over 40% off on Black Friday, you’re in a better zone.
They also found JCPenney has the biggest average discount, at 65%. The other stores with the biggest Black Friday discounts are Macy’s . . . Rite Aid . . . Meijer . . . and Sears.
Costco is offering the worst average discount, at 21%. The other stores with the worst average Black Friday discounts are Big Lots . . . Amazon . . . Best Buy . . . and Walmart.
(You can see a ridiculously specific store-by-store discount breakdown and a lot more info here.)
On Thursday night, a reporter in Las Vegas was doing a story on a new shopping center. And one of the people behind her was a kid who wouldn’t stop showing off his embarrassing DANCE moves.
It was actually half-dancing, and half-posing like he was on a catwalk or something. Then apparently someone in the crowd annoyed him, because he shot a nasty look their way . . . then went right back to dancing.