Calculators
-
Mortgage Calculator
See how much mortgage you can have
-
Debt Calculator
Work out how we can help you manage your debt
Contact us...
Manic Monday sees online Christmas shoppers spend £17.7 million an hour
Early bird shoppers looking to avoid last year’s delivery delays spent £13 billion online on Monday.
Dubbed ‘manic Monday’ 21st November was set to be the busiest online shopping day of the year.
According to the latest research by an online shopping comparison website, Kelkoo, savvy shoppers are expected to spend £424 million on the one day. That’s the equivalent to £17.7 million an hour and almost £300,000 a minute!
More than one third of Brits will do their online shopping whilst at work - that’s nearly 11 million of the UK’s workforce.
Overall, UK shoppers will spend one fifth of their Christmas budget online and each household is expected to spend an average of £682 this year.
£437 is expected to go on gifts, while food and drink will take up £184 of the budget. An additional £41 will be spent on travel and £20 on decorations.
£437 is expected to go on gifts, while food and drink will take up £184 of the budget. An additional £41 will be spent on travel and £20 on decorations.
Whilst the first Monday of December is typically the most popular day for online shopping, many are beating the rush, avoiding the crowds and any potential bad weather spells by going online early.
If you’re shopping online for Christmas gifts, here are some top tips to bagging a bargain:
1. Shop around
Much like the shops, don’t head to the first one you see. By having a good hunt around you could find some real gems. As online competition intensifies, prices of the most popular gifts have fallen by an average of 12% this year.
The research found that 90% of products have decreased by up to 30% in price and just 10% have increased by as much as 6%.
The research found that 90% of products have decreased by up to 30% in price and just 10% have increased by as much as 6%.
Anyone hoping to get a tablet, notebook or smartphone will be pleased to hear that electronic goods have fallen by an average of 13% on last year’s prices. The Asus EEE PC Netbook 1018P,for example, is £105 cheaper than last year.
If you're looking for a bargain use our money saving vouchers too!
If you're looking for a bargain use our money saving vouchers too!
2. Pick your time
Last year the peak minutes for buying gifts online was at 1.15 pm where e-retailers collectively took in a staggering £832,000.
If you’re hoping to do some Christmas shopping online this year, pick your time wisely.
Further research by Time found Monday is the best day to buy electronics, Tuesday is the best day to buy airline tickets and Wednesdays are a good time to buy Jewellery. Thursday evening is a good time for online clothes shopping because this is when shops stock their shelves for weekend promotions and Saturdays are a good time to buy books.
Now you’re armed with online shopping tips, all you have to do is figure out, what to buy!
Our Cardit Card Top Picks
Our Cardit Card Top Picks
Moneyextra.com recommends you take independent financial advice before acting on any article
Back2011-11-24 15:38:15 © Moneyextra.com
| Moneyextra.com's Top Picks |
| Barclaycard - Platinum Credit Card with Balance Transfer | ||||
Balance Transfers |
Purchases |
Representative APR (Variable) |
Benefits |
0% for 22 months (2.9% fee) | 0% for 3 months | 17.9% APR |
|
Representative example: assumed borrowing of £1200, representative 17.9% APR (variable). Purchase rate 17.9% PA. | Details | |||
| Royal Bank of Scotland - Platinum MasterCard | ||||
Balance Transfers |
Purchases |
Representative APR (Variable) |
Benefits |
0% for 22 months (3.2% fee) | 0% for 6 months | 17.9% APR |
|
Representative example: assumed borrowing of £1200, representative 17.9% APR (variable). Purchase rate 17.9% PA. | Details | |||
| Halifax - Balance Transfer Credit Card MasterCard | ||||
Balance Transfers |
Purchases |
Representative APR (Variable) |
Benefits |
0% for 22 months (3.5% fee) | 0% for 3 months | 17.9% APR |
|
Representative example: assumed borrowing of £1200, representative 17.9% APR (variable). Purchase rate 17.95% PA. 0% for the first 22 months on balance transfers up to £3,000. You must have an annual income of £20,000 or more to apply | Details | |||
| Barclaycard - Platinum Balance Transfer Visa | ||||
Balance Transfers |
Purchases |
Representative APR (Variable) |
Benefits |
0% for 21 months (2.6% fee) | 0% for 3 months | 17.9% APR |
|
Representative example: assumed borrowing of £1200, representative 17.9% APR (variable). Purchase rate 17.9% PA. | Details | |||
| Virgin Money - Credit Card MasterCard | ||||
Balance Transfers |
Purchases |
Representative APR (Variable) |
Benefits |
0% for 20 months (2.99% fee) | 0% for 3 months | 16.8% APR |
|
Representative example: assumed borrowing of £1200, representative 16.8% APR (variable). Purchase rate 16.8% PA. | Details | |||