Amazon Prime Day is an annual sale event held by Amazon that offers exclusive discounts to Prime members. Here are five things to know about Prime Day:
1. Not all deals are great: While Prime Day offers many discounts, not all deals are worth it. It’s advisable to use price comparison websites to track an item’s price history and determine if the current deal is genuinely a good one. Some items may be cheaper during other times of the year, such as furniture and kitchen appliances around Labor Day or gaming consoles and toys during the holiday season.
2. Stock up on essentials: Prime Day is not just about big-ticket items; it’s also an opportunity to stock up on smaller essentials. Amazon offers deals on groceries and pantry staples, as well as services like Amazon Fresh for grocery delivery. Taking advantage of these offers can save you money on everyday items.
3. Pay attention to lightning deals and coupons: Lightning deals are time-limited offers that can sell out quickly. It’s important to keep an eye on these deals and add desired items to the “Buy Later” section of your cart to track their prices. Additionally, check for Amazon coupons on the product pages, as they can provide additional savings.
4. Compare prices from other retailers: Amazon isn’t the only retailer offering sales during Prime Day. Other stores like Target and Walmart, both requiring membership in their rewards programs, also have promotions and discounts. Comparing prices across multiple retailers can help ensure you’re getting the best deal available.
5. Avoid impulse buying: Prime Day’s limited duration can create a sense of urgency, leading to impulse purchases. If you weren’t planning to make a significant purchase, don’t feel pressured to buy just because something is on sale. Other seasonal sales and discounts will occur throughout the year, and Amazon often repeats deals, especially for its own products, during events like Black Friday.
Please note that Amazon is an NPR financial supporter.