These Amazon and Target deals will help you save on your holiday shopping in 2022 | Jobi Cool

Calling all shoppers: Target and Amazon holiday deals start early this year. But this shopping season will look very different from previous years.

With inflation mostly affecting consumer budgets, 48% of Americans admit they plan to spend less this holiday season than last, according to a new Credit Karma survey.

The financial constraints families face between rising prices, the looming recession and the threat of being laid off are changing the way Americans shop. Credit Karma found that 70% of Americans are relying on annual deals offered by companies such as Target and Amazon to afford their holiday expenses this year.

Target recently announced that it will be offering four times as many deals as last year, including up to 50% off toys during its October 6-8 Deal Days. The retailer is also offering gift card deals, which will mainly benefit the one-third of Americans who rely on cash and gifts to make ends meet.

Online shoppers can take advantage of Amazon Prime member discounts on clothing, electronics and toys during the Prime Entry Sale.11–12.

But even with all these deals and discounts, you’ll still want to watch your wallet as inflation still hasn’t abated. Poulomi Damany, SVP and GM of Credit Karma Money, shared tips Fate to help you avoid overspending this holiday season.

Review your budget

If you’re worried you won’t be able to afford gifts for your loved ones this year, you’re not alone—over a third of Americans won’t be able to afford gifts this year due to inflation, per credit karma. Consider reviewing your budget ahead of time to set a budget for spending, according to Damany.

Once you’ve decided exactly how much money you’re able to comfortably spend this year, write up a list of everyone you plan to buy a gift for and divide your budget by the number of people. This will give you the average amount you can spend on each person.

If you want to splurge on someone special, Damany suggests giving them a unique handmade gift as an alternative. She says this not only cuts down on expenses, but also makes the recipient feel special.

Avoid impulse purchases

Ignoring an item you feel compelled to bring home is easier said than done. To stay within your budget, make a list of the things you want to buy and sleep on it. If something ends up being more expensive than you’re comfortable paying, Damany says to wait to buy it if a deal comes along. If buying is a must, go back to your budget and see where you can cut costs.

Shop early

Starting to shop now also gives you extra time to think about big purchases so you don’t spend more than your budget allows. Because prices typically rise after Black Friday and Cyber ​​Monday deals end, Damany recommends taking advantage of these early Target and Amazon sales and spreading your shopping over a longer period.

Bonus: Shopping with a cash-back website can be an easy way to get more bang for your buck. A few dollars saved on each shopping trip can add up quickly throughout the holiday season.

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