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This is Day 29 of the 30 Days to a Debt Free Christmas Challenge
Get your plan ready now with – How to get the most Bang for your Buck on Cyber Monday
If you’ve been following me for awhile, you know that I am honest about being a recovering spender… you may have even seen my post about stopping online impulse purchases. Part of the goal of the 30 days to a debt free Christmas, is just that, to allow people to have the holiday they want and can enjoy without breaking the bank.
I’m not going to lie, Cyber Monday is a hard day. It combines some of the biggest pitfalls for holiday spenders. There are lots of choices, lots of sales. and if you're not careful, lots of money coming out of your wallet.
You need to proceed with caution. Am I telling you NOT to shop Cyber Monday? Absolutely not. Cyber Monday is an amazing day to get some really great deals on some gifts!
Make sure you check out my article on Black Friday shopping to find out more money saving tips.
Cyber Monday Risks
Why is Cyber Monday so ‘risky’ for us as budget focused people?
Okay, so now that we’ve been forewarned about some of the things we need to watch out for with Cyber Monday, we can plan our strategy for making the most of these deals!
Before Cyber Monday:
Obviously the window shopping and deal hunting is the most fun. But there is some prep work you can and should do in order to take advantage of these deals.
Conquering Cyber Monday:
The better your prep work, hopefully the more successful you’ll find your Cyber Monday shopping! The more focused you are the less likely you are to be distracted by unnecessary and unwanted purchases also!
Prior to the sales going live, make sure your computer is running smoothly. If need be, restart it, make sure your internet connection is working, etc. If you are choosing to camp out on the computer or laptop make sure you’re comfortable.
Be sure that you have your debit card handy or even a prepaid debit card. Bring notepad and pencils, just in case you need to jot anything down.
Some things to keep in mind:
You may well find yourself making purchases very quickly. Be sure to watch what you are buying to make sure they are the actual items you want! Also, either keep a running tally on a notepad or check your email invoices periodically to monitor your spending. Believe me, I know how quickly all those purchases can add up!
Don’t be afraid to give yourself SOME discretionary funds for extra purchases. This is definitely a tricky matter because it depends on whether or not you can hold yourself accountable. Sometimes items will pop up for great deals on Cyber Monday that you had never considered. Sometimes they might not even be Christmas gifts, but rather items you need, or items that could be put away for a future birthday.
It’s not wrong to want to make the most of these deals as they come up. You just need to make sure you stay within your means. However, if you do not HAVE any extra room in your budget for discretionary purchases, it might be for the best to simply look only for the items on your list.
It’s okay to stop shopping!
Don’t be a slave to the computer just for a deal. If you are not having much luck with the items you want, don’t beat yourself up. Take a break, check back later (some stores update their sales periodically throughout the day).
Once you have reached your spending cap, STOP WINDOW SHOPPING. It can be so hard to stop looking, but do yourself a favor. Turn off the computer and relax. If you got some good deals consider yourself fortunate. After all, you won’t be doing yourself any favors if you blow your budget!
I hope that you can put some of these strategies into play and have a very successful and budget friendly Cyber Monday! Let me know how you do!