By Josh Hastings,
Wealth of Geeks via The Associated Press
According to a recent survey by the National Retail Federation, 70% of Americans include the day after Christmas in their shopping plans. That’s in keeping with the usual trends, but may spike higher this year, since December 26 is a Monday, and most people are excused from work.
Commonly known as “Exchange Day” by all the retailers, the day after Christmas sales let you stock up on wrapping paper, Christmas decorations, and all the other goodies you wanted, but at a much lower price.
Retailers know people are looking to exchange their unwanted and wrong-sized Christmas gifts before they forget, and they tempt consumers to spend while they are at it.
There are some huge day-after-Christmas sales you can really take advantage of with these simple steps.
1. Browse the Christmas Aisles & Big Box Stores
Many of the big box retailers have to unload all of the Christmas stuff they didn’t sell. This includes:
Christmas decorations, Christmas gift wrapping and packaging, Christmas themed candy and foods, or anything else that is Christmas themed.
Knowing that people will be in the store, they first start with creating aisles, typically in the back or sides of the store, with leftover Christmas stuff at a discounted rate. While the rate may vary, some items are marked 25% off and sometimes 50% off.
Stores also look to entice shoppers to grab a few other things. Clothing, appliances, and electronics are often sold at discounted rates – sometimes even lower than before Christmas – with special incentives.
What to Shop For:
Not everything is on sale. Just because you are out shopping the day after Christmas doesn’t mean your groceries or hand towels will be on sale. Obviously, holiday-themed items are on sale and will continue to be reduced each day from the day after Christmas all the way up to the New Year.
That being said, what to look for the following:
-The aforementioned Christmas-themed items – get wrapping paper and tinsel for next year for pennies on the dollar.
-Winter items like jackets, boots, sweaters
-Home décor
-Gift-like items, i.e., colognes, toiletry sets, etc.
Pro Shopper Tip: Ask for the actual receipt when applicable from family members instead of a gift receipt. You will get more back on the return. Another option is to ask for gift cards instead of actual gifts if you have family members who always give you clothes.
2. Use Apps To Save Bigger
The best way to take advantage of shopping deals is in person, down the discount aisles. That being said, if you are not one for crowds, or are worried about the latest COVID numbers, then you can check out apps to see what kind of deals are out there too.
Rakuten
Rakuten is a popular retail shopping app that is formerly known as eBates. Users earn points that they can redeem for cash back after they spend money shopping. Rakuten has partnerships with over 2,500 online retailers and stores, making it the perfect place to go the day after Christmas to find sales.
Rakuten features coupons, deals, promotions, and of course, cashback for your purchasing. Since its inception in 1997, Rakuten has paid out over $800 million in cashback. Obviously, you have to spend money to earn it back, so why not get a little cashback if you planned on spending already?
Groupon
From group vacation deals to dining, Groupon has everything to offer, including online shopping deals. This is a great app or shopping website to consider for your day-after-Christmas shopping shenanigans.
Whether you are looking for a discounted oil change or perhaps you are even scrambling to get a gift for someone you haven’t seen yet/or forgotten about, Groupon is a great place to start. Some cool features Groupon offers include:
-Deal of the day
-Support local businesses with their shop local tab
-Unique offers in dining, travel, and service
Ibotta
Unlike Rakuten, which is known for its retail bargains, Ibotta is typically ideal for grocery and everyday shopping. Still, the popular cashback app can offer someday after Christmas sales if you browse the right sections.
Regardless of whether Ibotta has a specific sale on the app or not, one thing you can always do after you shop is simply scanned your receipts or use the Ibotta app to check out when you go to pay. Doing this will help you earn rewards, which means cashback! You can also shop with Amazon through Ibotta!
3. Use the Week After Christmas Method
Use this with caution, because there is always the chance you might not find what you are looking for, but the week after the day after Christmas is when you can really save some money.
Now beginning to hit panic mode with Valentine’s Day fast approaching, retailers are desperately looking to unload the leftover Christmas excess to find more floor space for their boxed chocolate displays.
This is when the somewhat ransacked Christmas aisles start to become littered with 75% off signs and “Buy One Get One Free in This Section” promotions. Whether you are looking to scoop up a new Christmas tree or grab some more wrapping paper – now is your time!
Lastly, one of the best Christmas savings tips is to do your Christmas shopping the day after Christmas or subsequent days after. If you are someone who is super organized and well-budgeted, the days after Christmas are some of the best opportunities to score gift-like items for people.
For example, last year, I bought some items for my step-siblings that I knew they would enjoy this year for Christmas!
Side Hustle Idea : If you are a hustler and like to sell things online, a novel idea is to flip items you buy at a discounted rate. Things like winter wear and fake Christmas trees offer great resale value, and if you can, hold on.
The Verdict
The day after Christmas usually starts with sleeping in, followed by a trip to a local strip mall or retail center near you.
With the increase in online shopping, perhaps the best bet is to look online. But if you want to find a fake Christmas tree for 50% off or household Christmas decorations for pennies on the dollar, then December 26 is your date to get some sweet sales.
Just be sure you have a list, don’t spend recklessly, and also keep this one last point in mind:
Make sure you have storage for all the deals you plan on capitalizing on! Fifty rolls of wrapping paper and 10 fake Christmas trees can take up quite a bit of space for the next 11 months.
This article was produced and syndicated by Wealth of Geeks.
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