Shopping for Christmas gifts online can be a great way to save money but can also lead to excessive overspending. In this article, you will discover four cyber mistakes you need to avoid this Christmas season.
One in two Australians will reportedly buy toys and games online this Christmas. This is a reflection of the growing trend of buying Christmas gifts online. However, this trend can lead to so-called “cyber carelessness,” which can result in a rude awaking in January for those who have spent too much.
In this guide, you will be introduced to four cyber careless mistakes you need to avoid this Christmas.
One in two Australians will reportedly buy toys and games online this Christmas.
1. Not making use of sales
Several retailers are conducting sales ahead of Christmas. When you are doing your Christmas gift shopping, you should take advantage of that. However, that does not mean buying something just because it’s cheap. Instead, go through your shopping list and see what you can find at a discount to reduce your overall Christmas spending.
Whatever you do, do not go into credit card debt for Christmas gifts. If you have your cards saved at online retailers that you use regularly, you can easily find yourself spending more than you intended to. Moreover, if that expenditure is on your credit card, you could find yourself in debt come January. Hence, it is important to keep a close eye on your online credit card purchases.
Free - No Obligation
Contact us for a home loan health check
3. Buy only from retailers that have a returns policy
As much as you may try, not everyone will love your gift. To prepare for that eventuality, it is best to have made your gift purchase at an online retailer that has a foolproof returns policy. In this case, you or the gift recipient can return the gift and exchange it for something else. Most established online retailers will offer this service.
4. Buying on unsecured online platforms
Finally, to avoid the nightmare of having your credit card details stolen, it is advisable only to shop exclusively at trusted, secure online retailers. When looking for gifts online, it is easy to click on an ad that leads you to a small online shop that sells an item you may want to gift. However, these small e-retailers do generally not provide the same level of security as their established counterparts. Hence, it is better to shop at large online retailers.
This information is provided by DPN Pty Ltd ABN: 94 630 700 186 Australian Credit Licence 514759. DPN Finance Pty Ltd is an authorised credit representative 504129 and related entity of DPN. Credit for Dream Big 100% Offset and Work Smart 100% Offset is provided by Adelaide Bank a division of Bendigo and Adelaide Bank Ltd, ABN 11 068 049 178 and Australian Credit Licence 237879.