How not to overspend on Amazon October Prime Day

While Amazon is well-known for low prices, keep in mind that certain items may be cheaper somewhere else, even on Amazon Prime Day.  

Before you hit the purchase button, have a look at other retailers online to check that you’re getting the best deal possible. Use price comparison sites like Compare the Market and Go Compare to get a clearer picture of how much an item costs on different websites before you commit to buying it.  

Don’t feel pressured 

Promotional retail events like this one are deliberately short to make shoppers feel a sense of urgency and to act straight away. But it can lead to ‘panic buying’, resulting in people spending beyond their means.  

Even if Amazon is telling you to ‘buy before it’s gone’, go back to your budget to confirm that you really need the item and can afford it.  

Tips for cutting back on online spending  

It’s not just during Amazon Prime Day that we can overspend online – it’s all year round. If you tend to spend too much online, these tips might help you cut back.  

• delete your saved payment information so it’s harder to make one-click purchases  

• turn off automatic reordering 

• turn off one-click orders 

• set a realistic monthly budget and stick to it – you can use our free budgeting tool 

• unsubscribe from retailer emails so you’re less tempted by their offers 

• leave items in the cart and come back two days later to help resist the urge to buy them 

If you’re worried about your finances and if you can no longer afford your debts, get in touch to find out how we can help.