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Taking Advantage Of UK January 2012 Sales

by Jim ONeil on January 5, 2012

in Personal Finance Tips

What were once post-holiday sales have now been transformed into January 2012 sales. Stores are trying to sell off their 2011 stock and are doing it at deeply discounted prices.

Head out to high street and jump online this week to take advantage of these great deals. But, spend wisely because a shopping spree is not a legitimate reason to get into debt.

Clothing is being sold at the deepest discounts, with many stores offering up to 75 percent off regular prices. Electronics feature the smallest discounts but shoppers can still find between ten and 33 percent price reductions.

However, a 33 percent off deal is often equivalent to paying full price earlier in the year. Retailers typically increase prices prior to a sale to make the reductions appear deep.

Experts say that a good price cut is 50 percent or more and they advise shoppers to research market prices before making purchases.

Most of the items on sale are consumer goods but online shoppers may find travel deals like inclusive perks or steep discounts for early summer holiday reservations.

Examples of retailer deals available in stores and online include up to 60 percent off approximately 40 percent of products at Austin Reed and up to 50 percent off limited items at Argos.

Debenhams has discounted more than 10,000 products by up to 70 percent.

IKEA and Laura Ashley are offering up to 50 percent off regular prices. Magnet is selling its cabinets at a 60 percent discount. Online shoppers can find up to 50 percent off on limited products from Harrods.

Those who shop John Lewis online will receive a 30 percent discount on 5195 products, 50 percent off on 6671 items, and a 70 percent discount on 416 products.

If the children did not get enough toys during the holidays, Toys R Us has a ten percent discount on limited products and 50 percent off some others.

More deals are currently available, making it easy to get caught up in a spending spree. To avoid this, shoppers should determine what they really need.

Comparing prices will ensure they get the best deal. Though an item is on sale, the price still represents a decent profit margin for retailers.

During the two weeks following Christmas, the biggest reductions in 2011 stock are made, with some items sold at an 80 percent discount.

Establish a spending budget and use a cash back or rewards credit card to pay for purchases, if possible. For big ticket items, consider using cheap loans offered by banks.

Avoid store cards, credit card cash advances, and payday loans because these carry high interest rates. A 25 to 30 percent discount is no bargain for consumers paying 25 to 30 percent interest on purchases.

Avoid limited stock sales, which are just attempts to get shoppers through the door before the season ends. Christmas decorations represent the best deals, priced up to 90 percent off, so now is the time to buy them for next year.

Newspaper discount vouchers increase the savings, allowing shoppers to get more for their money.

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