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Have you snapped up a bargain?

Have you snapped up a bargain?

Category: Money

Updated: 27/11/2015
First Published: 27/11/2015

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Black Friday is in full swing, Cyber Monday will quickly follow suit, and the nation will be gripped in a Christmas shopping frenzy for the whole weekend. So, have you snapped up a bargain, and if so, just what can you do to make the most of things? Here are a few ideas…

  • Once the dust has settled, decide if you really do want the item you've bought. Most retailers should still honour their returns policy so you'll hopefully be able to return anything unwanted or unsuitable, but if that's not an option, you could always use your ill-advised purchase as an extra Christmas present for someone else.
  • Remember that if you bought your items on a credit card, you'll have extra protection should things go wrong. Under Section 75 of the Consumer Credit Act, goods between the value of £100 and £30,000 are covered in the event of any issues (such as a faulty item or the company going bust and you failing to receive delivery of your order), and you'll be able to claim for a refund. The credit card company is "jointly and severally liable" and is legally required to give you the necessary redress, so if you're buying expensive goods, it could be worth paying for them on a credit card rather than a debit card.
  • Double-check your home insurance policy. At this time of year, many insurers will bulk up their level of cover by around 10% as standard, but it's still worth checking the small print. If you're not automatically covered, you may want to call them and see if it can be arranged, but if they won't budge and you're nearing the end of your policy agreement, start comparing the alternatives to see if you can get the higher level of cover you need.
  • Don't shout about your purchases. If you buy things online, many retailers will give you the option of "sharing" what you've bought with friends and followers on social media. Don't do it! Not only are we moving into the realm of TMI (too much information), but you're basically advertising the amount of extra stuff you've got in your home, and if anyone unscrupulous were to see it, you could become an unwitting target for burglars. In a similar vein, make sure to keep your goodies out of sight – don't leave them in full view of the window, and once you've un-boxed your high-value items, don't leave the packaging outside your home.
  • Make the most of cashback! If you've yet to make your all-important purchases, get as much cashback as you can – either through using a cashback credit card, or heading to one of the popular cashback websites (TopCashback and Quidco are prime examples). You could literally get something for nothing, giving you even more money-saving potential.
  • Don't forget your vouchers. While the terms and conditions of some vouchers stipulate that you can't use them on sale items, others will happily let you combine different offers to boost your savings even more. Check out our voucher section if you're looking for some money saving inspiration.
  • Maxed out the credit card? Hopefully you'll be spending sensibly, but if you got a bit carried away and are now facing hefty interest repayments, it'll be worth switching to a 0% balance transfer card instead. Doing so will mean you can spread the cost of your purchases throughout the interest-free period, so if it's something you could benefit from, compare the top balance transfer cards and your bargains hopefully won't cause too much of a financial headache.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.