Wal-Mart vs. Amazon Rivalry Creates an Online Shopper's Dream

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Summer job got you down? In need of some retail therapy? You're in luck. We know how you can spend some of that extra green.

On Wednesday, July 15, 2015, Amazon will celebrate its 20th anniversary (is it really that old!?) by hosting Prime Day, a 24-hour shopping event that claims to have "more deals than Black Friday." Slashed prices will affect all 40 categories, including electronics, toys, video games, movies, kitchen items, clothing, sports and outdoor supplies.

Lots of the deals are still under wraps, but two of the doorbusters will include a 32-inch Smart HDTV for under $200 and a Chromebook laptop for $199 - just in time to trick out your dorm room for the start of the new school year.

The only catch is you've gotta be a Prime member to score the sweet savings.

If you've been living under a rock for years, Prime is a $99-a-year subscription service that offers members free music and video streaming services, unlimited photo storage and free two-day shipping on every order. Sounds pricey, but that averages to just a little more than $8 a month.

If Prime sounds too bougie, you can still get in on the savings action. Scoot on over to Wal-Mart; it plans on hosting a rival sale. More than 2,000 prices will drop, staying low for the following 90 days. Later in the month, from July 24–25, Best Buy will host its third summer Black Friday promotion.

Typically we're against fighting, but a little price war never hurt your wallet, right?

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