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Experts offer holiday shopping tips as consumers feel the squeeze from inflation

NEW YORK — We’re just a bit over a month away from Christmas and buyers are feeling the squeeze from inflation, however is it altering the method they store?

“I’m not really looking forward to Christmas shopping. It’s gonna be expensive,” shopper Carrie Neville informed CBS2’s Dick Brennan.

“I may have to cut back on exactly how much I’m going to spend and who I’m going to spend it on,” Mount Kisco resident Michael Barnes mentioned.

If you’ll be discount looking, like so many, you need to know it’s now not all about Black Friday, in accordance with consultants.

“It’s almost a national tradition, but you really don’t need to do that anymore. A lot of the big retailers are having sales before Black Friday or the double Black Friday sale,” mentioned Caleb Silver, of Investopedia.com. “You don’t have to rush into the store like everybody else.”

So does that imply Cyber Monday is now the selection over Black Friday? Maybe not.

“It kind of just comes down to however you prefer to shop. There may be some deals that are online only or in-store only, but a lot of retailers have moved away from those, so I wouldn’t count on that being an issue,” mentioned Julie Ramhold, client analyst with DealNews.

Our consultants say no matter you do, make an inventory, have a price range and actually attempt to stick with it. If you let your fingers do the spending, beware of what is in your cart.

“It can be really easy to kind of rack up putting items in there and not realize how much is in there until you go to check out, and suddenly you’ve spent way more than you intended,” Ramhold mentioned.

What about these rewards playing cards or loyalty applications, some that may give as much as 10-20% off in case you join?

“That can be a very good idea, but be careful if they’re issuing credit cards or accounts that go with those loyalty programs because those fees can rise over time as credit card rates rise, so keep an eye on that,” Silver mentioned.

What about that one one that is inconceivable to buy? Well, how about an expertise like a Broadway present or a Yankee recreation?

“If you have someone that kind of just has everything already or they tend to shop for themselves, then probably buying an experience is gonna be a good way to go,” Ramhold mentioned.

The greatest money-saving recommendation:  store early and never too typically.

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