How to Shave Up to 90 Percent Off Your Holiday Spending This Year
Don’t just survive the holiday shopping season. Emerge victorious—with a lot more money left in your bank account.
Tackle it IRL
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David Ewart, director at the U.K.-based home store Pavilion Broadway, has an old-school approach to keeping more money in your bank account. “One of the best methods of gaining a discount is simply making direct contact with a business and saying that you have seen the product cheaper elsewhere,” he says. “Even if retailers don’t have a price-match strategy, more often than not they will be delighted to provide you with a small discount in order to secure the sale.” Here are 50 more insider secrets to help you save at all your favorite stores.
Use online retail marketplaces
If you’re shopping for someone who goes gaga over designer brands, we’ve got a savings solution for you. Anna De Souza, chief stylist at Mercari, says you can save up to 70 percent on brand-name apparel or consumer-electronics purchases by shopping on online resale marketplace apps like Mercari. “A surprising amount of listings on Mercari are actually brand new, with tags and never worn,” she says.
And don’t be afraid to give previously owned items as gifts from sites like this. “A recent poll of U.S. adults shows that 60 percent are fine with receiving an already used item as a gift,” De Souza explains. This probably goes without saying, but just in case: That’s a lot different than grabbing something out of the back of your closet. Still, there’s a time and a place for regifting, and here are 7 clever ways to shamelessly regift this holiday season.
Consolidate heavy spending to save up to 20 percent
Mass retailers approach deals differently than smaller shops—and you should use that knowledge to your advantage. “Many places like Target, Kohl’s, and Macy’s give a substantial one-time discount if you open a credit card with them,” says Tory Schalkle, a former buyer for Target. “If you don’t already have a credit card with them, consider bundling as many items as you need with one retailer, buy it at one time, and open a credit card during that purchase to get substantial savings.” You should also know these other smart suggestions regarding when you should open a store credit card—and when you really shouldn’t.
Save up to 20 percent by purchasing store-brand versions of products
Schalkle also advocates for buying store-brand versions of the products you want to gift this year. “This is especially applicable for holiday decor, cooking, baking, and clothes,” the shopping consultant says. “Unless you’re really picky, store brands like Target’s ‘Up & Up’ brand have similar-quality products at a discounted price. Many times, brand-name manufacturers are making these products, just at slightly reduced specs.” Next, check out these secret store policies that will help you save even more money—during the holidays and beyond.