Are You Ready for Green Monday?

The term “Green Monday” was coined by eBay back in 2009 and happens on the second Monday in December. The “Green” refers to the color of cash rather than any ecological concerns. Basically, it’s the day that online retailers hope to lure you into spending whatever cash you have left after shopping your way through Thanksgiving Day, Black Friday and Cyber Week. The ploy must be working because Green Monday is now the third biggest online shopping day of the year.

Thousands of retailers including the heavy hitters like Amazon, JCPenney, Target and Walmart will be offering special deals, most of which will be on the same HDTVs, gaming consoles and other tech goodies that we’ve been seeing on sale for the last couple of weeks.

Rumor has it that Amazon will be offering special deals on its Kindle tablets and e-readers and Fire TV products. The online retailer is already offering 30% off most HDTVs 50” and up, so we can expect even more deals on really, really big TV sets.

While Amazon has OK deals on Xbox One and PS4 consoles, it’s on games where the online giant really shines. If you’re in the market for video games this holiday shopping season, check Amazon’s Lightning Deals frequently to see what turns up.

Many online retailers will be offering free shipping, which is a most desired perk for many shoppers. Don’t forget Free Shipping Day is coming up on December 18 if you’re planning to buy something that usually comes with major shipping charges.

The main point of Green Monday is to drag out the shopping frenzy a few more days, but it’s not slowing down as long as the retailers keep the deals coming—and customers keep spending money.