‘Hold onto your money,’ Shoppers should heed Bezos’s advice ahead of Amazon sale | Trending

As excitement brews for Amazon’s highly anticipated Prime Big Deal Days, this piece of advice the company’s founder and executive chairman, Jeff Bezos, is something every consumer should keep in mind amid economic uncertainties. In an interview with CNN, Bezos expressed concerns about the current economic landscape, stating, “Things are slowing down. You’re seeing layoffs in many sectors of the economy.” FILE – Amazon founder Jeff Bezos is seen on the sidelines before the start of an NFL football game, Sept. 15, 2022, in Kansas City, Mo. The founder of Amazon is buying a home on an exclusive barrier island in Miami where he’ll be neighbors with Tom Brady, Ivanka Trump and her husband, Jared Kushner. (AP Photo/Charlie Riedel, File)(AP) Bezos advised shoppers, saying, “Keep some dry powder on hand… Just a little bit of risk reduction could make the difference for that small business if we do get into even more serious economic problems. You’ve got to play the probabilities a little bit.” With Prime Big Deal Days kicking off on October 10 at 3 a.m. ET and lasting until October 11, Amazon is gearing up to offer a plethora of enticing deals across various categories including electronics, toys, home essentials, fashion, beauty, and Amazon devices. The event, tailored for Prime members, promises new deals every five minutes, creating a shopping frenzy just in time for the upcoming holiday season. Bezos’ advice resonates as shoppers gear up for substantial discounts. He emphasized prudence, especially for significant purchases like big-screen TVs or household appliances, suggesting, “If you’re an individual considering purchasing a big-screen TV, you might want to wait, hold onto your money, and see what transpires… Just remove some risk from the equation.” In preparation for the Prime Day sale, here are some mindful shopping tips to help consumers make the most of the sales while staying within budget:1. Research and Compare: Investigate product specifications and prices across various retailers. Amazon’s Prime Day offers might seem enticing, but ensuring you’re getting the best deal is key. Check out competitors like Walmart, Target, Ulta, and Sephora before making a decision. 2. Set a Budget: Determine how much you’re willing to spend and stick to it. Setting a budget beforehand prevents impulsive purchases and helps you maximize your savings effectively. 3. Prioritize Your Wishl: Focus on items you genuinely need or have been eyeing. Prioritize essentials over luxury items, ensuring your purchases align with your requirements. Also Read | Jeff Bezos’s space company Blue Origin names former Amazon executive as CEO 4. Enable Deal Notifications: Stay informed about price drops setting up deal notifications. Amazon allows Prime members to receive alerts on lightning deals, ensuring you never miss out on significant discounts. 5. Utilize the Right Credit Card: Some credit cards offer exclusive discounts and bonus rewards for online shopping. Use a card that maximizes your savings and provides additional benefits like extended warranties. 6. Choose Products with Return Options: Opt for products with hassle-free return policies. Amazon’s easy return process ensures you can exchange or return items if they don’t meet your expectations. “Exciting news! Hindustan Times is now on WhatsApp Channels Subscribe today clicking the link and stay updated with the latest news!” Click here!