Taking Advantage of the January Sales

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Taking Advantage of the January Sales

 

If there’s one thing worse than joining the crush for the January sales, it’s joining the crush, finding just what you want, then realising you don’t have the ready cash to pay for it.

UK retail sales market

Brexit or no Brexit, the statistics do not lie. In the same year as that momentous referendum, the total value of all retail sales in the UK for the 12 months to November 2016 showed a 5.9% increase, according to the Office for National Statistics.

Current forecasts for the volume of sales by January 2017 – thanks in no small part to the seasonal sale period – suggest a 6.39% increase over the year, says the website Trading Economics.

Retail remains enormous business for the UK and is one of the most important drivers of its economy – given a particular boost during the January sales each year.

Your budget

One of your problems with the January sales, of course, is that they come hard on the heels of Christmas, which is also a time when you’re likely to have been hitting your personal spending limits. That favourite go-to for any kind of retail therapy, your credit card, has probably been maxed out already by now.

So, it’s important that you devise ways to stick to a budget, even when faced with the crazy, once in a blue moon, prices you are likely to find in the January sales. They are likely to leap out at you as offers that are too good to miss – especially if there’s a chance of grabbing now, at a knock-down price, something you’ve been pining to buy the whole year.

That’s when you might want to turn your mind to an instant decision loan – designed to give you the cash in your pocket in no more than a flash.

Instant decision payday loans

They are just that of course. They’re easy to apply for – just a click or two online – a decision is made on your application more or less straight away and the money is likely to be in your bank account the very same day.

If you do a quick reccy the day before the sales, therefore, you can still be at the front of the queue when the doors burst open the following morning.

An important thing about the payday loan is that it is short-term – usually for about a month, as the name suggests, but up to 18 months to repay from some lenders. Any way you look at it, though, a payday loan is likely to leave you in debt for a much shorter period than you’re used to leaving things to mount up on your credit card.

How much can you borrow on a payday loan? Once again, the first thing to say is that you need to keep within the budget of what you are going to be able to repay – default on the repayment of this one, and it’s going to be a lot more difficult to get any credit in the future. With that in mind, any sum between £100 and £1,000 is likely to make a very handy contribution to your outing to this January’s sales.

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Alison

Finance Blogger at Payday Jester
I have a passion for all things finance and business so if I can help you in anyway then please get in touch and if you have any comments or feedback please leave a message.

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