From Stuffing to Shopping – Both Can Be Painful if You are Not Careful

As the holiday season approaches, it’s time to start thinking about gift-giving, festive decorations, and fabulous feasts. However, the joy of the season can often be overshadowed by the financial stress it brings, especially if you end up getting into holiday debt.

To make sure your holiday season remains merry and bright without the burden of debt, you need to try the key strategy of comparison shopping. It’s not just about comparing prices; several other crucial factors must be considered. Let’s talk about the art of comparison shopping and explore why it’s vital to consider things over and above just price when making your holiday purchases.

The FTC’s Advice on Comparison Shopping

The Federal Trade Commission (FTC) offers valuable insights into the art of comparison shopping. They emphasize that comparison shopping isn’t just about getting the lowest price. It also involves considering various factors that impact your overall shopping experience and satisfaction. Before you jump on the comparison shopping journey, the FTC recommends taking note of a few details about the item you want to purchase. This includes the manufacturer or model number and specific details like size, color, or any potential shipping fees.

A few things to think about when comparison shopping:

  • Price: Of course, the price of an item is an essential factor in your decision-making process. It’s natural to want the best deal possible, especially during the holidays when expenses can quickly add up. Price comparison websites and apps can help you find the lowest price for a specific item across various retailers, both online and in physical stores.

  • Shipping Costs: Often overlooked, shipping costs can significantly impact the overall cost of your purchase. Some online retailers offer free shipping, while others may charge hefty fees. Before finalizing your order, check the shipping costs to ensure you get the best overall deal.

  • Return Policies: The ease of returning a product is vital, particularly when buying gifts. Be sure to read and understand the return policy of the retailer you choose. Buying gifts can be tricky at times – always remember that a gift may need to be returned. Some stores have lenient return policies, while others may have strict rules that could leave you stuck with unwanted items.

  • Product Warranties: For certain purchases, especially electronics or appliances, product warranties can be a deciding factor. Compare the warranties offered by different retailers to confirm you’re getting the best protection for your investment.

  • Customer Reviews and Ratings: READ THE REVIEWS – Reading reviews and ratings from other customers can provide valuable insights into the quality and performance of a product. Be cautious of products with consistently negative reviews, as they may not meet your expectations.

  • Retailer Reputation: Consider the reputation of the retailer. Knowing who you are buying from and if they are a reputable establishment is essential. Reputable stores are often more reliable regarding product quality, customer service, and adherence to return policies.

  • Additional Benefits: Some retailers may offer extra perks, such as loyalty rewards programs, discounts for future purchases, or bundled deals. Check into all the benefits because they can add up, add value to your shopping experience and save you money in the long run.


Putting What You Have Learned Into Practice

Now that you understand the various aspects of comparison shopping let’s see how you can put these strategies into practice during the holiday season:

  • Create a Shopping List: Before you start shopping, make a list of the items you need to purchase, along with any specific details like size or color. Having a clear plan will help you stay focused and avoid impulse buying.

  • Use Comparison Shopping Websites: There are several websites and apps dedicated to comparison shopping. These tools allow you to input the product details you’re looking for and instantly compare prices and other relevant information from different retailers.

  • Read Product Descriptions: Pay close attention to product descriptions, especially when shopping online. Ensure that the item matches your requirements and preferences.

  • Check Shipping Costs: Remember to consider shipping costs when comparing prices. A slightly higher-priced item with free shipping may end up being a better deal than a cheaper product with high shipping fees.

  • Research Return Policies: Look into the retailers’ return policies you’re considering. Some may offer extended return periods during the holiday season, making it easier for you to return or exchange gifts if needed.

  • Consider Warranties: If you’re purchasing electronics or other high-value items, compare the warranties offered by different retailers. A longer or more comprehensive warranty can provide added peace of mind.

  • Read Reviews and Ratings: Take the time to read reviews and ratings from other customers. Their experiences can offer valuable insights into the product’s quality and performance.

  • Explore Additional Benefits: Check if the retailer offers extra benefits, such as loyalty rewards or discounts on future purchases. These perks can enhance your overall shopping experience.

Yes, the above takes time, but as we all know, “Time is Money.” If you take extra time to do your research, you can save a lot of money.

Comparison shopping is a powerful tool that can help you make informed decisions and avoid holiday debt. While price is crucial, remember to consider shipping costs, return policies, product warranties, customer reviews, retailer reputation, and any additional benefits the seller offers. By following the FTC’s advice on comparison shopping, you can make the most of your holiday budget, ensure your purchases meet your expectations, and enjoy a debt-free and joyful holiday season. Remember, smart shopping not only saves you money but also enhances your overall shopping experience. Happy holidays!


For more information, visit MyCreditUnion.gov

Third Party Site Disclaimer

Third Party Site Disclaimer

Third Party Site Disclaimer

Third Party Site Disclaimer

Third Party Site Disclaimer