With a frenzy of annual sales like Black Friday, Cyber Monday deals and the festive season coming up, ‘tis the season to do some shopping. It’s also a time when consumers are looking to maximise their budget when shopping for big ticket items like home appliances, electronics and furniture. For a lot of consumers in search of a good deal that means spending hours (and sometimes days) on end in crowded shopping malls with no guarantee that you’ll find what you’re looking for at a price you can afford.
This is one of the primary reasons why online shopping is fast becoming the norm. But how much can you really save by shopping online?
Time is money
It’s not always easy to equate your time to monetary savings but if you consider the average time it takes to navigate heavy traffic to reach your destination, going from shop to shop looking for what you want before waiting in slow moving and seemingly endless queues, you can easily spend far more time shopping than you had planned.
Shopping online affords you convenience that you can’t find offline. Online shopping isn’t restricted to opening hours or location, so you don’t have to waste time in traffic, queues or navigating large crowds. You can shop when and how your schedule allows from just about any internet‐enabled mobile device 24 hours a day, from just about any country in the world.
The little things add up
If you calculate the cost of fuel or transport, parking fees, bank charges for multiple swipes on your debit or credit cards, impulse purchases and eating out – the average trip to the shopping centre can mean spending far more than you bargained for.
Shopping online can save you all these additional costs. Not only that but the competitive nature of online retailers also means you are regularly offered discounts, special offers, free delivery, bundle offers and more that can all add up to significant savings.
Make informed decisions
Gone are the days of buying something you didn’t really want because you ran out of time and options. Online retailers typically have a wider range of products and brands to choose from than physical shops. You also have all the information you need at a glance. You can quickly and easily compare prices between different products.
And when shopping for electronics like laptops, personal computers, printers or home appliances such as microwaves, fridges and washing machines you have immediate access to the product specs and can easily find an exact match of what you’re looking for. Over and above that customer service and product reviews are also a great guide to help you make the best decision.
Avoid the debt trap
The spending season puts many consumers in danger of getting into debt by taking out loans and credit for items they can’t afford upfront. Forgetting that these purchases can become a serious financial burden beyond the festive season, consumers would be wise to take advantage of alternative ways to pay for their purchases, such as Teljoy’s rent‐to‐own model.
Teljoy is an online retail store that offers home electronics, appliances and furniture on a month‐to‐month contract. Customers can upgrade, downgrade or cancel at any time to avoid over indebtedness if their financial situation changes.
So, get savvy and save money (and time) this year with online shopping and an alternative to debt buying options from one of the largest retailers of its kind in the country.