7 Steps To Saving Money On Black Friday

The big day is coming up when retailers begin to smile and consumers go crazy over deals that aren’t really deals. I shouldn’t say that. There are some deals, but many people get caught up in the deals that aren’t really deals. There are basically three types of people when it comes to Black Friday.

  • The “I don’t care about black friday. It’s too crowded” person
  • The “I like to go out, because it makes me feel like Christmas is here, but all I do is watch other people go crazy” person.
  • The “I’m going to get that $300 flat-screen TV, hardcore to the max about Black Friday” person.

If you are the first person, then skip to the next article, but if you are one of the last two people, then read on for my tips about saving money on Black Friday.

  1. Save money. Don’t go hog nuts with credit cards on Black Friday. If you go out on Black Friday with a $5,000 credit limit in your pocket, you’ll come home with more crap than you could ever imagine. Part of Black Friday that makes it so unique is that a domino effect occurs with shopping. You go out and see a bunch of people with carts full of stuff, and you feel like you need to spend more money. Saving a certain amount of money to spend on Black Friday is the only way to avoid impulse buys.
  2. Bring Cash. If you don’t like carrying cash, then use your debit card, but I don’t even like using my debit card on Black Friday. Next thing you know, you can’t pay your utility bill in December.
  3. Prepare yourself ahead of time. Visit Black Friday dot Info to familiarize yourself with the door buster and weekend deals.
  4. Write a list of items you want to target. Make a list of sale items you want to grab first. This will help alleviate the impulse buy effect.
  5. Avoid the crazy door buster deals. Most of these deals are set up just to get you in the door. They’ll only carry about 20 of them, and you’ll have to wait outside for a day to get in front of the line. I have not seen any door buster deals on blackfriday.info that are worth it yet. I know that Electronic stores put their off-brand, less quality items on door buster deals, and you can probably get the same deal the day after Christmas.
  6. Take your time. Don’t get caught up in the frenzy. This is how you spend more money. There’s no rush, and it’s not a race to see who can rack up a higher bill first.
  7. Go with friends or family. They can help you decide what to buy, if you should buy it, and if you’ll ever use it. Plus, you can make a day of it and spend some quality time with loved ones.

My wife and I started going out early on Black Friday as a little mini tradition. We do it more for the experience and the fact that it gets us in the mood for Christmas. Christmas isn’t about buying gifts, but being out at the store, listening to Christmas music and eating holiday goodies is a cool way to start off the Christmas season. If you find a deal on something that you have already been looking to buy, then go for it. I’ve found that parents can really save some good money on Black Friday, because the price of toys and games are dropped 10 to 20% over the Black Friday weekend of shopping. Good luck, and comment on your past success stories!

Share this article:
  • Digg
  • StumbleUpon
  • del.icio.us
  • Twitter
  • Facebook
  • Mixx
  • Tipd
  • Print
  • email

Post to Twitter Tweet This Post

Related Articles

Comments

2 Responses to “7 Steps To Saving Money On Black Friday”
  1. Craig says:

    Good tips. I think the best are to prepare ahead of time and bring cash. That way you know exactly what you are going to the store to buy and will bring enough to buy that only. When you see yourself getting rid of cash, it will mentally allow you to spend less.

    Craig
    http://www.budgetpulse.com

  2. Very interesting post! Keep the good work!

    Pascale

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!