Outlook Money
With festive deals popping up everywhere, it’s the perfect opportunity to make those long-awaited purchases. To help you maximize these offers, here are seven tips to ensure you shop smartly and efficiently
Create a budget and track your costs ideally restricting festive spending to less than 5 per cent of your monthly earnings to minimize impulsive buying and overpaying for your purchases.
Festivals are the perfect time to redeem your credit card points before they expire by maximizing rewards programs and taking advantage of cashback or discounts.
Explore your options before making purchases, as prices vary, and checking reviews or negotiating in-store may lead to better deals.
Stay alert to deals and festive discounts, but don’t let them pressurize you. Subscribe to newsletters and follow your favourite stores on social media to stay informed.
BNPL schemes are tempting but very risky. These short-term loans by fintech companies often come with hidden charges.
Look for promotional offers, from “Buy Two, Get One Free” deals to cashback and bundled freebies with big-ticket purchases. Make sure to understand the offer before making a purchase.
Compiled by Priyanka Debnath