15 Ways to Avoid Overspending on Cyber Monday

While Cyber Monday is a great day to buy what you need at a great price, the inescapable advertising, and social shopping can cause even the most frugal person to overspend and overbuy.

Here are 15 tips to curb your shopping this holiday season.

1. Don’t Buy More Meaningless Stuff

Most stores have great deals on televisions, video games, vacuums, and other stuff that you can fill your house with on Cyber Monday. Although it’s a great opportunity to get holiday gifts for our loved ones, we all often also use the opportunity to buy stuff for ourselves. So here’s a hint: Don’t do it.

If you are a generous person or someone who enjoys gift-giving, you may be tempted to take advantage of the Cyber Monday sales to get ahead with your holiday shopping. While there is nothing wrong with saving yourself money, don’t use these sales as an excuse to buy more gifts than you can afford.

2. Don’t Buy Gifts For Every Single Person You Know

3. Don’t Buy Something if You Haven't Had it on Your List For at Least 6 Month

There's nothing like Cyber Monday to get even the most disciplined shoppers into a frenzy! Everything is on sale, and supposed deals are everywhere. It is easy to get carried away and forget your financial goals.

With the holidays approaching, there can be a lot of pressure to overspend your budget and max out your credit card on Cyber Monday. However, the best gift you can give yourself and your loved ones is not taking on additional debt in exchange for consumer items you probably won’t even be using this time next year.

4. Don’t Put Your Purchases on a Credit Card Without a Payoff Plan