4 Ways To Save Big This Cyber Monday

Black Friday and Cyber Monday are the biggest shopping days of the year. And while incredible deals can often lead to overspending, there are ways to save big on your purchases.

If you are spending money that you don’t have, then you CAN NOT AFFORD IT. This is true for credit cards as well. If there is no money in the bank to immediately pay it off, you cannot afford it even if you are getting cash back, points, or rewards.

4 Ways To Save Big This Cyber Monday

Green Cyber Monday on keyboard.
Image Credit: Icatnews/Shutterstock.

Here are four ways to save you money and make sure you don’t get into debt on Cyber Monday.  You can get amazing deals during Black Friday and Cyber Monday. But a great deal isn’t worth going into debt. So before participating, be sure to set a budget, do your research, use cashback and coupon apps, and maximize credit card rewards

1. Establish a Clear Budget and List

Glass jar with coins, with a sticker saying Budget, on a blue background..
Image Credit: Aleksandr Grechanyuk/Shutterstock.

Some deals are so enticing that you end up with a cart full of items you don’t need. But even a great deal is no reason to overextend yourself financially, creating debt and stress.

You can make sure not to overspend by setting a budget from the start. Only plan to spend what you can comfortably pay off quickly without going into debt. Creating a list that outlines what you want to buy for each person on your list can save you money by eliminating impulse purchases. Once you have a list of items, then you can dig in to figure out where you’ll buy them.

2. Do Your Research

People, family budget, finances and payments concept. African-American man wearing glasses helping his frustrated wife doing paperwork, analyzing papers, calculating expenses, using calculator.
Image Credit: Cast Of Thousands/Shutterstock.

With so many companies offering Black Friday and Cyber Monday deals, doing your research ahead of time helps maximize savings. Comparison sites like Google Shopping or Pricegrabber can help you find the lowest prices on items across categories like clothing, electronics, and jewelry.

But your research goes beyond just comparing prices. It also means understanding the store’s return policies and item warranties. Especially for gifts you’re buying for loved ones, it’s critical to check store policies ahead of time to ensure the recipient can return or exchange the gift without issue.

3. Use Cashback and Coupon Apps

Woman taking benefit of cash back using smart phone, shopping and money refund concept. Close up hand holding smartphone with button to get started the cashback.
Image Credit: Ground Picture/Shutterstock.

Black Friday and Cyber Monday deals are already discounted. But using the right cashback and coupon apps can lead to even more money in your pocket. Apps like Ibotta or Rakuten can alert you to which stores are offering cashback on purchases. All you’ll need to do is visit the store through the app, make your purchase, and you’ll see the cash in your pocket in the coming weeks or months.

Pro tip: Many shopping sites now offer a browser extension that immediately alerts you to coupons and cashback as you browse the best deals. Talk about easy money.

4. Maximize Credit Card Rewards

Portrait of a pretty young woman dressed in sweater holding credit card at her face isolated over blue background.
Image Credit: Dean Drobot/Shutterstock.

Don’t take on debt to buy stuff.  But it’s wise to be a savvy shopper who knows how to leverage credit card rewards. Before you shop, check your existing credit cards and what rewards they offer for online or in-store shopping. Then, be sure to use the cards with the highest rewards.

15 Mistakes Most People Make On Cyber Monday

Senior woman holding credit card as payment cover mouth with hand shocked with shame for mistake, expression of fear, scared in silence, secret concept.
Image Credit: Krakenimages.com/Shutterstock.

Every year, hordes of people flock to the internet on Cyber Monday; and many do something that they will regret later.

While Cyber Monday is a great day to buy what you need at a great price, the overwhelming advertising can cause even the most frugal person to overspend.

15 Mistakes Most People Make on Cyber Monday 

18 Things That Are No Longer Worth It Because Of How Expensive They Have Become

Portrait of beautiful young blonde woman posing and giving a kiss to the camera.
Image Credit: PKpix/Shutterstock.

When something becomes a burden to you, whether financially or emotionally, the best course of action is to leave it. When the economy deteriorates so much, you are forced to make choices and possibly adjust your lifestyle.

18 Things That Are No Longer Worth It Because of How Expensive They Have Become

20 Of The Worst Mistakes You Can Make In Your Life

Computer stress, night office or man with crypto finance crisis, bitcoin stock market crash or NFT investment mistake..
Image Credit: PeopleImages.com – Yuri A/Shutterstock.

Life is like a roller coaster- it’s filled with exhilarating highs, nerve-wracking lows, and unexpected twists that can leave us hanging upside down. We all make mistakes along the way, right? Because at the end of the day, we are only human!

20 Of The Worst Mistakes You Can Make in Your Life 

15 Tips For Frugal Living On A Tight Budget

Man in a hat as a cowboy.
Image Credit: Thomas Mucha/Shutterstock.

If you are looking for tips for frugal living on a tight budget, this post is for you. 

Being on a tight budget means looking for even the slightest opportunity to save money. It could be saving to clear your loans, for a bigger purchase, or even for early retirement. 

15 Tips for Frugal Living on a Tight Budget 

12 Frugal Hacks That Make All The Difference

Portrait Of A Mature Woman Smiling.
Image Credit: Nadino/Shutterstock.

A Reddit user who started the frugal journey with his wife a couple of years ago wanted to know the frugal hacks people had that made all the difference.

According to the OP, shopping grocery sales every week and planning their meals helped cut their bill from $250 to $100 per week. Other users shared their stories about frugal hacks they had that made some difference in their lives. Here are some of the best ones.

12 Frugal Hacks That Make All The Difference

 

 

 

Hi! I am a millennial mom with a passion for personal finance. I have always been “into” personal finance but got inspired to start my blog after a period of extended unemployment. That experience really changed the way I viewed my relationship with money and the importance of accessible personal finance education.