Almost 10 million Aussies will hit the shops to bag a bargain on Boxing Day tomorrow, with the National Retail Association expecting a spend of over $2 billion.
According to Finder, over a third of shoppers will splurge for new clothes and shoes, while around 32 per cent will stock up discounted food and alcohol.
Electronics, cosmetics and manchester round out the top five purchases Aussies will shop for on Boxing Day.
Getting the best deals
While it used to be the case that shops waited for Boxing Day to slash their prices, Finder’s personal finance expert, Kate Browne, says it’s a different story nowadays.
“Some retailers are kick-starting their sales online during Christmas Day. This means eager shoppers can swoop in a day early and beat the crowds,” Browne said.
And it’s not just a time-saver, it’s also a good way to check you’re getting the best deals.
“Retailers may stock similar products, but they won’t necessarily mark them down by the same amount. Make sure you compare prices online and in-store before buying,” Browne said.
And, shoppers should always use price match guarantees from stores like JB Hi-Fi, David Jones and Bunnings - and always check the store’s return policy.
If you are shopping online, Browne said you should remember to take any shipping costs into account when you’re making your purchase to avoid blowing the budget.
Browne also advises you know your measurements, or take the time to try your purchases on.
“Sales items are often non-refundable,” Browne said.
“To avoid disappointment, make sure you’re buying the correct size based on your measurements, and not the garment size alone. Sizes can differ significantly across brands, so it pays to know your numbers.”
Lastly, plan ahead.
“Do you have any birthdays or special anniversaries coming up? Stock up on presents during the sales and save yourself some cash down the track.”
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