A recent report in US News tells us that Labor Day might just be the best thing since sliced bread and pockets on jeans, at least when it comes to sales and shopping. Labor Day might not be known for its shopping savvy, or even as a dedicated shopping day, but it is the first day of the fiscal year where merchants ramp up to lower prices for the holidays. Meaning that we consumers get the lowest prices of the season (before Black Friday) on everything we want to buy. However, even without the report from US News, I already know this. You see, I’ve been leveraging Labor Day sales for years now, saving me big bucks to boot.
Everything I Need to Know About Labor Day Sales
I hate leaving my house to shop, even on low shopping traffic days like Labor Day. However, I do like to take advantage of the sales. I use the Labor Day sales to buy items like clothes, fall clearance items and electronics in preparation for the Christmas holiday. However, instead of trekking to the mall, I do all of my Labor Day shopping online, and I get money back to do it.
Spending Money to Get Money Back
Even though I hate shopping, I do love getting money back on the things I am going to buy anyway. Using cash back portals like E-bates and Fat Wallet, I earn 2 to 12 percent cash back on my online buys. On a typical Labor Day sales weekend, I will drop $300 to $500 on holiday gift items, earning anywhere from $20 to $60 in cash back bonuses.
Want an example? Last year, I bought a new dishwasher using a Labor Day online sale, paid no shipping, no sales tax and earned $50 cash back from a 15 percent cash back bonus online, plus $100 in manufacturer rebates — I’d call that a great buy.
My Total Cash Back
All the same, my cash back shopping doesn’t end there. I pay for 100 percent of my purchases with my cash back credit card, earning two more percent on my total purchase and pay that off each month with my cash back debit card, earning another one percent in money back rewards, averaging $15 when all is said and done. This brings my total Labor Day cash back savings to $35 to $75, and sometimes even more than that.
So now that you know what a great shopping holiday Labor Day can be, it’s time to let your fingers do the walking and start shopping to save more. I know I will.
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