Save Money on Tech Gadgets This Holiday

The holiday season is here. December for many is one of the busiest times of the year. Many people like to do their heavy shopping around this time to take advantage of the deals that retailers offer.

In fact, according to PwC:

• Holiday spending will reach a record $1,638 per shopper in 2024, a 7% increase from last year and 15% above 2022.
• However, consumers remain selective, with 59% saying inflation is likely to impact their budget and 57% saying their finances are strained.
• Nearly 30% say they’ll spend less at the holidays this year compared to 2023—which is 10% higher—and the highest percentage recorded by the consulting firm.

And in 2024, the report also showed that 3% more consumers also plan to scoop Black Friday deals and benefit from discounts during the festive season. If you're reading this article, chances are that you are among those online shoppers looking for discount deals this December to save money on buying tech gadgets.

Top Chinese phone makers like Xiaomi are already offering mouth-watering discounts on their smartphones. Others are offering free shipping and other perks. And there are more of them out there planning to roll out their discount deals.

Companies do this to clear out sales for the year as they receive fresh stock for the new year. December is popularly known as the month of giving, which explains the shopping rush.

But in all this, you, the customer, stand to benefit from these discounts.

So, how can you position yourself to take advantage of all these nice things without going over budget?

These seven strategies will keep your holiday spending in check and help you snag the best deals for next to nothing.

Tip 1: Plan Your Budget, Prioritise What Gadgets You Need

A lot of people are quick to swipe their credit cards simply because they have a habit of doing so.

Once it becomes a habit, it’s really hard to realise how often you do it.

There’s no doubt that we live in a society of consumerism, so it’s no surprise that so many people fall into the habit of impulse shopping in order not to fall again into such a trap.

Your first step is to plan and rank your priorities according to your budget. You can also monitor prices leading up to these sales to identify genuine discounts versus inflated prices.

Tip 2: Time Your Purchases Wisely

Furthermore, during this period, stores have two major sales: Black Friday and Cyber Monday.

Black Friday is the day after Thanksgiving, which reflects the start of the holiday shopping season.

Companies offer huge discounts ranging from 1%–to 100%, making it an ideal time for shopping gadgets, household products, and presents.

Also, Cyber Monday is the Monday after Black Friday. It offers shopping discounts on internet sales.

It's also a great way to save money on electronics, apparel, and other items.

Tip 3: Compare Prices Online

Don't settle for a specific price. Look for multiple platforms that sell those specific goods to see which one is the lowest.

You can also use platforms like Honey, camelcamelcamel, and PriceGrabber to find and track the best deals available online.

Tip 4: Sign Up for Alerts

Subscribe to newsletters from your favorite retailers. Receive notifications about upcoming clearance sales and exclusive discounts so you do not miss out on them.

Also, use apps like Slick Deals to know when there's a drop in the price of a particular item.

Tip 5: Take Advantage of Cashbacks and Loyalty Programs

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Look for credit cards that provide cashback in areas where you spend the most, such as groceries or dining.

For example, some cards offer 1%–2% cashback on all purchases, whilst others may offer greater rates for select categories.

You can also consider downloading cashback apps like Rakuten or Dosh, which reward shoppers when they shop through them. Many retailers have their loyalty programs that provide points or money for purchases.

Tip 6: Buy in Bulk

You can purchase items in large quantities so you can get discounts. You can also collaborate with neighbors or friends to get items at lower prices.

Tip 7: Join Deal Forums

Follow your retailers' socials so you don't miss out on discount coupons.

Where Can You Buy Tech Gadgets at Discount Prices This Holiday?

Here are some of the places where you can purchase discounted tech gadgets:

Amazon

Up to 65% off on smart gadgets and audio equipment.

Best Buy

Up to 60% off on TVs and smart home products.

Target

Up to 50% off on TVs and tablets.

Walmart

Up to 70% off on home theater systems and computers.

Bose

Save up to 50% on headphones and speakers.

Jumia

Offering up to 50% off on smartphones and laptops.

Konga

Their “Yakata” sales feature deep discounts on gadgets and home appliances, ongoing since November.

Slot

Slot specialises in tech gadgets. The e-commerce store is currently running end-of-year sales with various discounts.

Many people struggle to fit Christmas spending into their budgets and with good cause. With the fast-rising cost of living and conflicting financial demands, it might be difficult to find extra income to devote to holiday expenses without ruining your other plans.

But you can still benefit from retail programs as you go about your shopping spree this holiday season.