iPhones, gift cards and other things you should pass on
Don’t buy into these sales.
Unlike the mega-crowded mayhem found in malls on Black Friday, the Monday after Thanksgiving warrants a less stressful shopping experience — which may be why so many of us plan to shop online on Cyber Monday. According to Forbes and RetailMeNot, more than half of Americans will shop up Cyber Monday this year, compared to 39% last year. And experts say that Cyber Monday sales will top last year’s record of $3.45 billion in sales, according to USA Today.
While many deals — including those on travel — will be solid, there are a few things experts recommend you skip on Cyber Monday. Here’s what NOT to buy on Cyber Monday:
TVs and streaming devices
Sara Skirboll, shopping and trends expert at RetailMeNot tells Moneyish, “Sales on televisions and streaming devices are much deeper on Black Friday and usually don’t last through Cyber Monday.” But, she adds that smart home devices, particularly Google Home or Amazon Echo, may be a good deal for online shoppers on Cyber Monday.
Though you’ll see plenty of deals for these high performance machines, Stephen Slaybaugh, a consumer analyst with DealNews, suggests waiting until next summer to score a real bargain. “Shop for laptops sporting superior graphics and faster processors from July to September, when back-to-school promotions make laptops noticeably cheaper.”
Video game consoles
Monday isn’t the magic day to invest in a new console or bundle. Online shopping expert Brent Shelton from Dealcrunch tells Moneyish, “Last year’s systems are being advertised at the lowest prices we’ve ever seen. While prices are competitive among the major retailers, the Cyber Monday price will most likely rise above the $200 mark. The new Nintendo Switch priced at $299.99 will sell out before Monday, or will only be available in limited quantities.” So, if you didn’t pick your PS4 S up on Black Friday, prepare to pay full price.
Hold off on hoarding new holiday decor until the season has completely passed. Although you won’t be able to add to your treasure trove of sparkly reindeer or twinkling ornaments before the holidays, you’ll be able to scoop up plenty of loot at clearance prices once it’s time to start taking everything down.
Gift cards make great presents, but you might want to wait until December to purchase them. “While you can certainly expect to see deals on gift cards during Cyber Monday, the number of deals will be nothing compared to December when there will be a virtual avalanche of cards from places like iTunes,” says Slaybaugh. But where can you find gift cards for less than face value? Shelton says, “I like Slickdeals where deals are posted from my peers and often expose gift card discounts that retailers won’t aggressively promote.”
Stephen Slaybaugh, a consumer analyst with DealNews tells Moneyish, “If you’re looking for a deal on one of Apple’s new iPhones, don’t hold your breath. While some stores may offer gift cards when you buy the iPhone 8 at full price, don’t count on getting one for much below its $699 list price.” Slaybaugh recommends waiting until December to score a new-model iPhone and says, “You’ll have a better chance finding a deal on the previous generation iPhone 7, but you may have to sign a contact with a carrier.”
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