| Search by tag or site | Login to my blog ? Start my own blog |
![]() |
Credit BloggersBringing together leading experts to discuss credit, loan, debt and identity theft topics, CreditBloggers provides readers with unique insight and straight answers about the financial world. |
Cyber Monday Gives Consumers a Second Chance to Spend
Did you brave the shopping crowds on Black Friday this year? If you did, you certainly weren&39;t alone! According to CNN:
More than 140 million shoppers hit the stores on Black Friday weekend, spending an average of $360.15, up 18.9 percent from last year&39;s $302.81, estimated the National Retail Federation.
A survey by ShopperTrak estimated a 6 percent sales increase overall for Friday alone, to $8.9 billion.
Don&39;t worry if you missed out on the big Friday sales...you still have a shot at the early Christmas deals online today. The Monday after Thanksgiving has been dubbed "Cyber Monday" in recent years for the surge of online shoppers who login at work for great deals on gifts. An expected $32 billion in online sales could take place today.
WalMart.com is rolling out special deals online all week and BestBuy.com is promoting a two-day Cyber Monday sale. Cyber Monday actually provides a good opportunity for savvy deal hunters who hate the holiday crowds. Here are some tips for shopping safely on Cyber Monday:
- Use a credit card - Online purchases get an added layer of security when made with a credit card. You&39;ll be protected against fraudulent charges or problems with your order.
- Compare before you buy - One of the best parts of shopping online is the ability to quickly compare prices. Check to see if that special discount really is a good deal before deciding to buy.
- Look at shipping costs before you click - Shipping costs can add a huge amount on to your order. Try to find deals that include free shipping for heavy items such as large electronics or request to pick up your package in the store.
- Skip the financing - Many online retailers now offer financing programs in just a few clicks. But these deals can damage your credit score and add to the cost of your purchase. It&39;s better to pay with cash or a credit card if you can.
- Avoid warranty offers - Extended warranty offers are rarely a good value. In fact, Consumer Reports just released a study recommending against warranty or service plan programs.
- Don&39;t hit the back button - You could end up resubmitting your order and buying two plasma televisions instead of one.
And remember: don&39;t go overboard! Does it really make sense to buy your grandmother a $300 digital camera instead of a $30 sweater for Christmas this year?
Have you found a great Cyber Monday deal? Or do you have a tip for online shoppers today? Share your feedback in the comments section!
- Free Ways To Manage Your Money Online
- Reader Question: Getting Off The Debt Treadmill
- One Thing I Love About America
- Funny Money Friday: Financial Halloween Costume Ideas
- Reader Question: Why Did Paying Off My Credit Card Drop My Score?
- Oct 2007
- Sep 2007
- Aug 2007
- Jul 2007
- Jun 2007
- May 2007
- Apr 2007
- Mar 2007
- Feb 2007
- Jan 2007
- Dec 2006
- Nov 2006
- Oct 2006
- Sep 2006
- Aug 2006
- Jul 2006
![]()
NOTE: Please click on the charts below to enlarge them if th [read more]
NOTE: Please click on the charts below to enlarge them [read more]
NOTE: Please click on the charts below to enlarge them if [read more]












<< My Home | TheMoneyBlogs Home