Get Your Credit Card Out…It’s Amazon Prime Day Today!

Christmas is in 73 days.

 

It’s like Black Friday today!

It may be three months late this year, but Amazon Prime Day 2020 has arrived, and you’ve got two days to rack up the credit card with deals kicking off this morning.

Even better: Target, Walmart and Best Buy have announced sales of their own to compete with Amazon, and many of those sales are both in-store and online.

The one big downside of Amazon Prime Day compared with Black Friday is that Amazon does not list the deals in advance.

But that is on purpose:  It gets shoppers to come back to the site again and again for 48 straight hours.  It also drives employers crazy, knowing their workers are shopping all day!!

Tons of deals on Alexa’s, Echo’s, Ring doorbells, Fire sticks, Kindles…also look for markdowns on lots of household items, from the Instant Pot to more obscure things.

To catch the best bargains, you will want to check Amazon frequently. Some of the best deals are Lightning Deals that change hourly.

You can also set an email alert for specific items you want (such as a blender or certain TV), and get alerted when that item goes on sale.

The sale is only for Amazon Prime customers.  However, if you are not a member, you can sign up for a 30-day free trial, then cancel on the 29th day so you are not charged the $120 annual Prime fee.

 

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5 Ways to Prep and Save for Holiday Shopping

Yes, yes…it seems way too early to think about holiday shopping already. But by prepping now, you may be able to save yourself a few headaches once the holidays are upon us.

So, what can you do right now to help prep and save for holiday shopping? Consider one or all of the tips below.

• Come Up With a Savings Plan

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  Go to Pinterest or Google and search "holiday savings plan." You'll be greeted with all sorts of options from "How to Save $1,000 in 20 Weeks" to "How to Save $500 in 30 Days." Pick a plan that works best for you, and start putting money gradually aside.

• Coupon/Promo Codes Are Your New BFFs

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  Will most of your shopping be at a handful of stores? There's a good chance there will be a bunch of coupon or promo codes you can use while shopping at a brick and mortar location or online. They're easy to find, too. Follow the store on social media or sign up for their email blasts. Sites like Groupon even have a coupon section where they list active coupon/promo codes.

• Look At Your Current Spending, Start Cutting Random “Extras”

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  Everyone enjoys treating themselves to a fancy coffee or some takeout every now and again, but if you get into the habit of treating yourself too often, you might find yourself strapped for cash when you need it most. Really, this is just a good tip year-round, not just for the holidays.
• Make a List (And Check It Twice!)

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  How many times have you gone grocery shopping without a list and end up leaving with way more than expected, and you still somehow forgot to buy milk? Use the same logic. Make a list before you start your holiday shopping, and stick to it. Sure, all those sales are tempting, but resist! Your wallet will thank you later.

• Sign Up and Shop Via an Installment Payment Service

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  So, this might not help with saving, per se, but it will help with the initial sticker shock of buying some gifts. A number of Installment Payments Services exist, like QuadPay and AfterPay, that will split your purchase total into four equal payments usually scheduled about two weeks apart. Many major retailers - including Amazon, Target and Walmart - have partnered with these services. Think of it as "The New Layaway," but you get your items right now. Now, you will have to keep track of your installments, especially if you pay with a debit card, but there's no interest or fees with these services. Plus, they might buy you a little extra time to save up money, too.