Unwrapping the Gift of Savings: A Holiday Price Analysis Guide

With the arrival of the holiday season comes the need to sort through the confusing and overwhelming array of prices in order to maximize our hard-earned money while simultaneously sharing joy.  SpendLogic unwraps some secrets of smart shopping using a variety of price analysis approaches to show you how to optimize savings while still delivering those ideal gifts in our holiday price analysis guide.

Competition

As we know, competition is the U.S. Government’s most favored price analysis methodology.  This holiday season, it also likely is yours. Manufacturers tend to reduce their prices during the holiday season.  The consumer benefits from these bargains because of competition.

Best Value

This holiday season, you may want to put quality ahead of quantity or even price.  Splurging on a name-brand product or one that is durable and long-lasting can save you and the recipient money.  You can end up spending more money in the long-run on repairs or replacements if you go for the cheapest option.

Historical

Do you give that one gift year-after-year?  If so, when did you buy it last year and how much did you pay?  Serious holiday shoppers tend to be aware of how and when prices fluctuate.  Retailers often adjust their prices based on demand and inventory levels. Famously low prices on Black Friday and Cyber Monday make those days perfect for scoring high-priced items at a steep discount.  You may find the best times to shop, which night or might not be one of these hectic shopping days, by monitoring past price trends or and utilizing a price tracking tool.

Market Comparables

There are a lot of brick-and-mortar and online retailers fighting for your business, so it’s important to shop around and compare pricing. Price comparison websites and applications can prove to be invaluable companions. Be on the lookout for any unique sales, coupons, and cash-back deals that some stores may have.  Some stores may match a cheaper price you find elsewhere, so it’s a good idea to keep an eye out for price-matching rules.

Take a peek at this Market Comparable report on purchasing pajamas as a gift.

Let us rejoice in both spending time with loved ones and mastering the art of thrifty shopping this holiday season. All of us at SpendLogic wish you and your loved ones a joyful and safe holiday season (and prosperous shopping)!