Ask about refund and return policies. Many merchants may have different refund and return policies for sale items. For example, clearance merchandise may be a final sale, meaning no refunds or exchanges. Make sure the policies are clear before you purchase.
Keep good records. Save your receipts. You need them for returns and exchanges. Check credit and debit card sales and return receipts against your monthly bills and statements, and report any problems to the credit card issuer promptly.
Don't discount "discount stores". There's no reason to pay full price for the latest styles of staples like dresses, jeans, jackets and boots. You can make out like a bandit at outlet malls and discount stores like Loehmann's, Marshalls and DSW. Stores also have free clubs you can join where you receive coupons in and special discounts on your birthday.
Shop around. A sale price isn't always the best price. Some merchants may offer a sale price on the item you want for a limited time; other merchants may offer items at a discount every day. The internet is the perfect tool to do a thorough price comparison, which leads us to our next tip.
Go online. Check out websites that compare prices. If you decide to buy from an online merchant, keep shipping costs and delivery time in mind. It's also easier and sometimes cheaper to send gifts directly from online store instead of frequent trips to the post office.
Clip coupons. Coupons are useful when they save you money on what you're already planning to buy. Check coupons for any restrictions. For example, do expiration dates apply, or do you have to spend a certain amount before you can use the coupon? Some retailers will accept expired coupons, and even coupons from their competitors. Check with the retailer before you leave home to learn their policy.
Hunt for promo codes online. More online retailers than ever are offering promo codes that you enter in at checkout. Before placing any orders, do a Google search to see if your retailer of choice has any promo codes available. A few minutes of searching could equate to 10%-30% off your order or more.
Social media promotions. Retailers are increasingly interested in targeting customers through social networking sites such as Facebook, Twitter and Foursquare. Connect with your favorite retailers to score better prices. Paul Frank, Gap, Ann Taylor and Diesel have offered discounts of up to 30% to shoppers who "check in" via location-based apps.
Group-buying websites. Use Groupon.com or other group buying websites. Typically vouchers are available to purchase for only 24 hours before a new discount is offered. Consumers can save between 50 and 75% on these daily deals.
Mobile couponing. In addition to apps that help smartphone owners find coupons for nearby stores, some retailers have gone lower-tech with texted offers. Some retailers periodically ask Facebook and Twitter followers to text a code word to a particular number. In exchange, they get an offer code than can be used online or shown to clerks at the register for extra savings.
What are your thoughts on shopping for the holidays? Join the discussion? We want to hear from you!
