Money: Six tips to help keep you in the black this festive season

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WITH just four shopping days to go, the rush is on to pick up the last few precious gifts to put under the tree for loved ones.

But there are pitfalls to watch out for while browsing – so make sure you don’t end up buying now and regretting later.

Here are six Christmas shopping pitfalls we should all try to avoid…

Falling victim to online fraud

More than 15,000 UK shoppers were conned out of more than £11 million during Christmas last year. Victims may find themselves defrauded on popular social media and auction websites.

Mobile phones, computers and household goods are a common item fraudsters use to hook victims in – with “bargain” deals on some of the most popular models of smartphones, only for the phone to never actually arrive – leaving victims without gifts to give.

Simple steps like paying via a credit card over a bank transfer or only using reputable shopping sites can make a big difference in protecting yourself online.

Buying dangerous goods

The charity Electrical Safety First warns that fake electrical items can be virtually impossible to spot, with online shoppers misled by fake imagery, bogus safety marks and fake, glowing reviews.

They’re often retailing for just a few pounds below recommended retail value to avoid arousing suspicion.

The charity says people should look for the seller’s full contact details – and if they are not supplied, be wary.

Many fake electrical goods are manufactured overseas, where they are produced as quickly and cheaply as possible. Look out for packaging which could provide telltale signs that goods are fake – if there are spelling mistakes or it’s flimsy quality, or the printing is poor. Also, fake products may not include materials such as a manual or a registration card – or even all the parts!

If you suspect you have purchased a fake, stop using it immediately as it could be dangerous. For more advice, visit electricalsafetyfirst.org.uk

Falling under spell of “influencers”

A recent survey of 15-24-year-olds from Barclays found a third regularly look at celebrity or influencer social media accounts for shopping inspiration.

While it’s great to get ideas, remember you may not have the bank balance to match the lifestyle you’re trying to emulate. Clare Francis, savings and investments director at Barclays, suggests asking yourself: “Can I afford this right now?” Or, “Are there other items that I need more?”

Thinking you always need to buy new

Charity shops are full of children’s toys, many of which have hardly been played with. Sarah Coles, a personal finance analyst at Hargreaves Lansdown, says: “Younger children aren’t going to care whether it comes in the original packaging, so you can pick up second-hand toys for a fraction of the price. Adults, meanwhile, may well love a vintage gift.”

Believing everything you read

Many of us search online to see what other buyers thought before making a purchasing decision – but watch out for fake reviews, which could mislead you into buying something which isn’t as good as you think. Consumer group Which? says the signs of fake reviews could include them being repetitive, the language not sounding natural – sounding too much like an advert – or being too short or too long.

Forgetting what you’ve already got

It’s easy to get carried away when you’re rushing around the shops with special offers proving a distraction, making it easy to forget what you were looking for in the first place.

To stay focused, try setting out with a shopping list – and only sticking to the items that are on it.

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