Navigator Credit Union: Avoiding common pitfalls when holiday shopping

MOBILE, Ala. (WALA) – The holiday season is a time for celebration, but many people fall into common shopping traps. From overspending to last-minute scrambling, holiday shopping mishaps can take the joy out of the season and put stress on your wallet. Navigator Credit Union looks at some common holiday pitfalls and how to dodge them.

Overspending on gifts

It’s easy to get caught up in the excitement and spend more than planned, especially with sales and “limited-time” deals everywhere. To avoid overspending, set a budget early and stick to it. Break down your total spending limit by each person on your list, and keep a running tally as you shop. It’s also a good idea to start early so you’re not shopping at the last minute and spending more than you plan.

Falling for flash sales and impulse buys

Holiday sales are enticing, but only some deals are a steal. Don’t be swayed by flashy sale signs; focus on the value of each purchase. Research prices before shopping and use price-tracking tools to compare discounts. If you want to avoid being tempted in the first place, consider unsubscribing from promotional emails from retailers before the holiday shopping season ramps up.

Ignoring shipping deadlines and costs

Online shopping can be convenient, but it comes with its pitfalls. As we get closer to the holidays, shipping times can become longer, and expedited delivery costs may increase. Pay attention to shipping deadlines and fees before you click “buy.” Some stores may offer free in-store pickup as a budget-friendly alternative.

Forgetting hidden costs

Gift wrapping, holiday cards and batteries for toys or gadgets are all extra expenses that can add up quickly. To avoid these surprise costs, factor in accessories when budgeting. Look for stores that offer free gift wrapping or consider creative DIY wrapping options to save.

About Navigator Credit Union

Navigator Credit Union is a not-for-profit credit union, here for Members, not Wall Street investors. That means the Credit Union can provide a full range of financial products and services, with better rates, fewer fees and more flexibility than most banks, including free checking, home loans, auto loans and credit cards. Navigator has 11 full-service Branches from Gulfport, Miss., to Daphne, Ala., and is committed to providing the strength, stability and financial resources Members need – no matter what happens on life’s journey. Visit navigatorcu.org to learn more or apply for membership.

Navigator Credit Union
Branches from Daphne, Ala to Gulfport, Miss
navigatorcu.org
(800) 344-3281

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