It's the most wonderful time of the year!
Just in time for the hustle and bustle of the holiday shopping season, the Federal Trade Commission (FTC) is offering 12 practical tips to help you watch your wallet, shop wisely, and protect your personal information this holiday season.
Avoid potential headaches and help ensure that your holiday season is as enjoyable as possible by shopping smart and spending wisely! After all, the holidays were never meant to be filled with stress.
Don't let the most wonderful time of the year turn into less time spent with family and friends and more about overspending. The damage done by overspending usually lingers and overshadows the joy we may have gotten from buying gifts in the first place.
Before you head out to hit the stores or get online to start your holiday shopping, keep the following tips and suggestions in mind:
- Make a shopping list and check it twice. Make sure your budget includes incidentals like cards, wrapping paper, parking, or eating out.
- Consider customer reviews carefully. The law says reviewers should disclose their connection to a company, but not all of them do. Before you buy anything based on a review, search online for information from sources you trust. Compare reviews from a variety of websites.
- If you use mobile apps to shop for deals, be aware of how the apps are paid for, what information they may gather from your device, or who gets that information.
- Giving jewelry? Take some time to learn the terms used in the industry so you can get the best quality and value.
- Make sure the scanned price is right. Overcharges cost you money and time, especially if you don't notice them right away.
- Save every receipt. When you're shopping online, keep copies of your order number, the refund and return policies, shipping costs and warranties.
- Free can be costly. Screen savers, e-cards, or other free seasonal downloads can carry viruses. Keep your anti-virus and anti-spyware software, and your firewall, current.
- Billed for merchandise that wasn't received? Here's what to do if you get a bill for merchandise that you – or your Aunt Colleen – never received.
- Treat a gift card like cash. If it's lost or stolen, you may be out the whole amount. Report it to the issuer right away.
- If you're shopping "green," online or off, examine product claims carefully.
- Be stingy when it comes to sharing your personal information. Don't give out your credit card or other financial information for a chance at the newest tech toy, free gift card, seasonal job or holiday vacation rental.
- Tis the season to be wary, especially of charities that don't – or won't – provide key information in writing. Look for their mission statement, costs and where the money goes.