With Boxing week sales underway, Barbara Powers, a business professor at the Nova Scotia Community College has some advice for shoppers to help them score the best deals this season.
Before heading out shopping, Powers says it is essential you do your research.
"Ideally it's not about the impulse buy, ideally you've done your research first," she says.
You're going to find most of the deals you will find in the store online, so spend some time looking around first.
As for shopping in brick and mortar shops or online - she says it's really about personal preference. The deals should be about the same, so if you like to see your purchase first hand and want to avoid any shipping costs - head to the store. Otherwise, avoid the crowds and shop from the comfort or your couch.
She says shipping costs and extended warranties can throw your budget off balance very easily, if the retailer asks if you would like to purchase extended warranty on your new item, Powers has some advice to consider.
"Things like extended warranties - they're a place where you really need to think long and hard. A lot of times they're usually a cash grab for retailers," she says.
"If you're buying on credit card.. the majority of credit cards will offer you a least an additional year from what the warranty manufacture is- which is often a year, so to go buy a three year warranty when you already have two years covered doesn't make a lot of sense," she advises.
Most importantly, Powers says always have a budget and focus on what it is you really want to get - many people still find themselves paying off last Christmas debt a year later.