Avoid Scams and Get the Most From Your Spending Dollars This Holiday Season
A little planning can go a long way
Smart consumers always want to get the most for their hard-earned money, and that's certainly no different during the holidays!
The following tips will help you stretch your spending dollars as far as possible this holiday season—as well as avoid having those hard-earned holiday spending dollars taken by a scam artist.
Holiday Spending Tips
Spend only what you can afford. It's not how expensive gifts are that matters—it's the thought that counts. Don't borrow money for your holiday spending (borrowing includes putting charges on our credit card that you can't pay in full when you get the next bill). Make a budget and stick to it.
Map it out. Avoid wasting gas on multiple trips by planning your shopping as efficiently as possible. If you can park and walk to several shops in the same area, you'll save money and get exercise as an added benefit.
Take advantage of shopping by phone and online. You'll save gas and you may find some good deals—but it's also wise to comparison shop. Pay attention to shipping costs, which can eat into your savings. Look for free shipping.
Don't lose your money to scams. If you see a popular item advertised for much less than the regular price, be suspicious—it could be a sign of fraud. Do business with companies you know and trust. If you're gift shopping on internet auction sites, be sure that they provide buyer protection in case you don't get what you paid for. And steer clear of offers by email or through social networking sites from unfamiliar sellers—they could be scammers who just want to take your money and run.
Make it or bake it. Are you renowned for your cookies, cakes or pies, or for the spaghetti sauce that you make from your grandmother's recipe? Do you know how to build a birdhouse, knit a warm hat, or make marmalade? Handmade gifts may save you money and mean more to the recipients. Preserves or food items that can be frozen for later use may be especially welcome given the glut of food that is usually around during the holidays.
Give gifts that save people money. How about a gift certificate for the hairdresser or barber that the person visits? The grocery store where the person shops? The local gas station? You can't go wrong with gifts that help defray people's every day living expenses.
Buy "pre-owned." Used appliances, furniture, books and records, and clothing can save you money and be just as good as new. But before you buy used appliances or children's items, check for recalls with the U.S. Consumer Product Safety Commission (CPSC). Be aware that used goods may not be returnable; check the seller's return policy.
Give gifts that help other people. What to give to the person who has everything? Make a gift in the person's name to a worthy charity. Consider groups in the person's area that help to feed the hungry or provide shelter, or that serve people around the country in times of disaster, or organizations that are dedicated to a cause that the person supports. Information about specific charities is available from the Better Business Bureau's Wise Giving Alliance. GuideStar also provides information on various charities and nonprofit organizations.
Happy Holidays from all of us here at the North Carolina Consumers Council!
Do You Need Full Coverage Automobile Insurance or Only Liability?
Readers have been looking for ways to cut back on costs and have been looking to make those cuts in auto insurance. The main issue then becomes whether to have full coverage or only liability coverage on the vehicle. Before you drop full coverage auto insurance, you'll want to do some thinking.
Make Sure You Aren't Missing These 10 Hidden Home Insurance Credits
You probably know that measures like smoke detectors, a security system, and insuring both your home and car with the same company can lower your home insurance premium. What you may not know is that property and casualty companies offer several other and lesser-known credits that may reduce your premium even more.
Lost-Cost Sewer Backup Insurance Can Help With a Stinky Mess
If your home isn't built with devices to prevent backflows, consider contacting your insurance company to see if this type of endorsement is available for your policy. During our research, we have found that the average cost to add this coverage to a $200,000 home was less than $50 per year. That's cheap insurance considering that a simple backup can destroy your home.
Insist on Genuine Replacement Parts and Glass from Your Insurance Company
Should your vehicle be repaired using Original Equipment Manufacturer (OEM) parts or a 'quality' aftermarket part? Aftermarket parts can be a good thing, but they aren't always made to the same exacting specifications as genuine OEM parts and may not have the same long-term reliability or performance.