2. “How to Stick to Your Budget and Score Deals on Amazon Prime Day”

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Review Your Budget and Stick to It

Amazon Prime Day is a two-day annual shopping event that can offer significant savings. However, it can also lead to overspending if you’re not careful. To avoid financial trouble, it’s essential to review your budget and stick to it. Without a budget, you may lose control when faced with tempting deals.

If you already have a budget, review it to see how much you can allocate for discretionary spending. For household products, you might be able to fit your Amazon Prime Day purchases into that category. For bigger-ticket items, see if they fit within your monthly spending limits. Once you determine how much you can spend comfortably, set that as your spending limit for Amazon Prime Day.

If you’re saving for holiday purchases, Amazon Prime Day could be a great opportunity to get a head start. Just make sure to read return policies to ensure your purchases can be returned if needed. If you dip into your savings, plan to replenish them. Avoid using your emergency fund for Prime Day purchases.

If you don’t have a budget, review your monthly expenses to see how much you can afford to spend. Then, create a budget as soon as possible. Your budget should account for your monthly income, expenses, savings, discretionary spending, and debt repayment. Consider budgeting methods like the 50/30/20 rule or zero-based budgeting.

Check to See if the Item Is a Good Deal

Just because an item is on sale on Amazon doesn’t mean it’s the lowest price available. Amazon offers thousands of products from various retailers, and some items may be cheaper elsewhere. Always cross-check other retailers online to ensure you’re getting the best deal. Price comparison sites like CamelCamelCamel can show you price fluctuations over time.

Offset Your Costs by Paying With a Rewards Credit Card

If you have a rewards credit card, consider using it on Prime Day to earn points, miles, or cash back. Depending on your card and rewards program, you’ll have different options for earning and redeeming rewards. A card with generous cash back can help you pay as little as possible for your purchases.

If you’re buying big-ticket items, a card with a 0% introductory APR on purchases can save you money. Just make sure to pay off your purchases before the introductory period ends to avoid interest. If you’re looking to earn points for an upcoming vacation, a card with generous point or mile earnings could be your best bet. Pay off your purchases quickly to maximize your rewards.

To find the best reward credit cards for you, consider using tools from Experian to get personalized credit card offers based on your credit profile.

The Bottom Line

Amazon Prime Day is an excellent opportunity to save on items you need or have been saving for. To avoid overspending, be aware of your budget, compare prices to ensure you’re getting the best deal, and consider using a rewards credit card to earn points or cash back. Remember to pay off your purchases quickly to avoid debt.

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