Prime Day is an annual deal event just for Prime members on Oct. 13-14, delivering incredible savings on products from small businesses & top brands.
Who doesn’t want to find deals and buy things discounted. Years ago the sales used to start around December timeframe and that’s when holiday shopping started. Then Black Friday became the next big holiday shopping day where folks were waiting in line the day after Thanksgiving at 3am in the morning. People would research where the best deals were, line up as early as possible, and rush through to get the items they wanted.
I was one of those people who waited early in line! The first year I made the rookie mistake to drink coffee while waiting in line. Bad move if you’re out there by yourself and you have to get out of line. Whether you’re using credit cards to get the rewards, paying in cash, or debit card, what I experienced with these holiday shopping events is that all your purchases eventually catches up to you. If you are using credit cards, you will get a huge bill that you will have to pay off or get charged interest which you want to avoid. Same goes for debit cards or cash, you’re paying for your purchases and you’re not going to have as much money for other things.
What I love about Amazon Prime Day is that it’s held in October…not November or December. This allows you to shop online, get a deal, and gives you time spread your purchases because it’s 2 months before the Christmas holiday. You’re not going to end up with a bill or be hurt for the next couple of months trying to pay off and recover from all the holiday shopping. On top of that, Amazon Prime Day will have deals as good as Black Friday or Christmas sales. Another good thing is that it brings out good competition from other vendors. Other stores such as Walmart and Target are also getting ready for sales to compete with Amazon.
I love the holidays! What I don’t love is knowing that in January and February, I will be financially recovering from all my holiday spending. What Amazon has done for me financially, it has given me an extra month to spread out my purchases and spending. Instead of trying to figure out how I racked up huge bills, early shopping gives me time to financially recover and spread it out. Just because it’s the holidays and the season of giving, you don’t have to sacrifice your financial independence and you can avoid getting into debt. If you’ve been reading my posts, you know that I’m about trying to become financially independent and adopting good financial habits to get me through my journey to early retirement. If you are interested in following my journey, email subscribe to get alerts of latest posts or follow me on Facebook.