So how do you stay “in the black” this Black Friday? There are some great deals to be had, for sure. But I’m not a fan of Black Friday because I think it spurs unnecessary spending from all the “discount frenzy”, even leading to fighting and ugly consumerism. That doesn’t mean you should avoid it all together. I’m here to help you take advantage of the deals you need, keep your budget on track and maybe even help you avoid those shopping bag beat-downs you see in the news coverage.
Buy What You Need
Just like I tell people to stick to a shopping list while at the grocery store, the same is true for Black Friday. A new tablet or laptop might be deeply discounted, but if you don’t really need it, that deal is only hurting your bottom line. So as a strategy, think of what will be on your holiday list for friends, family and yourself, and try to stick to that. Kohl’s and Amazon are offering some great deals on toys for Black Friday, which almost everyone needs to buy for the holidays. So that’s a great place to look. Knowing what you need ahead of time will also help you research deals so that you know exactly where to go and when. So where are the best deals in-store and online? Deals.com is listing the best Black Friday deals here.
Stay Home to Find the Best Deals
I don’t know about you, but I can’t wait to drift into a glorious food coma in my stretchy pants after my Thanksgiving meal. The last thing I want to do is wait in the cold in front of some box store for a lottery number just so I can get a new flat screen TV. And retailers are starting to understand this. So they now offer the majority of their Black Friday deals online. Most of these deals have already started and will continue until Cyber Monday. So there’s no need to interrupt your holiday to shop. Start now for the best selection or take your time over the weekend comparing deals. According to Deals.com, Amazon, NewEgg, Best Buy, Walmart, and Tiger Direct are offering the best discounts this year on their sites.
Or Just Avoid Black Friday Altogether
Not to be a Grinch, but Nerd Wallet did a study of retailers and found that 93% of the special prices offered on Black Friday are also offered at least one other time, making all the crowds and frenzy not worth it. And the frenzy can be addicting! In the past, I’ve usually been pretty good about avoiding Black Friday shopping. But while researching this article I found myself wanting to buy so many things just because they were “on-sale”. I even called my husband and asked him if we needed a new flat screen after looking at Best Buy’s deals. Nerd Wallet’s study also showed that the average middle income family will have 2.6 months of debt after the holidays. I think getting through the holidays debt free is the best deal of all!
Photo Credit: Wang Shein