Episode 143: Learn some frugal tips for online shopping based on Kevin and Sean’s experiences during the holiday season, on this episode of the Where Our Money Went series.We’re also touching on health insurance spending and planning.
Purchase From Recommended Sites
When shopping online, be wary of online sites that you don’t recognize. There are a lot of scammers with a big budget for Facebook ads, and as websites are relatively easy to build now, it’s easy for scammers to look legitimate.
Sites like Amazon, Etsy, and eBay have strong protection policies in place and review standards that can help protect your investment.
PayPal has an easy-to-use refund policy for people who didn’t receive the service or product they purchased. Kevin recently tried to buy an ugly sweater online through an unknown seller. He received an ugly sweater… but not what he ordered.
Kevin submitted a report to say that he had been scammed and his money was back in his account within days. When you write a report, include all your details, as well as what efforts you made with the seller to get your money refunded.
Use Sales and Notifications
Sean decided to take a traditional approach to online shopping for the holidays, by having his kids cut out flyers and paste what they wanted on a piece of paper. He then used this list to buy gifts online.
Give yourself plenty of time when shopping online, so you can take advantage of sales. Add things to your wishlist and use notifications to discover when items you want are on sale.
Consider saving money on shipping by having items shipped to store whenever possible.
How to Use Layaway
Some stores are bringing back layaway, which allows you to pay off a product a bit at a time. Doing so helps you avoid using your credit cards, and rather than saving up, you can apply the money directly to your purchase.
Look at stores in your area that are bringing layaway back!