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More Black Friday and Cyber Monday Tips, Ideas, and Resources

By Erik Folgate

Black Friday is just a week away, and Cyber Monday is 10 days away. I am a big fan of these iconic shopping days, not because people get whipped up in a frenzy and not because I love waiting in ridiculous long lines, but I truly believe that you can get some great deals if you are smart about it.

Have an iPhone? Here are some applications to help you get great deals!

Deal News App: This app is an iPhone friendly way to search the popular deal aggregator, DealNews.com, which is great at updating you on Black Friday and Cyber Monday deals.

Red Laser App: The Red Laser app is the first accurate bar code reader. So, you see a good deal on something at Target that you hadn’t researched well, but you aren’t sure it’s selling for cheaper at Wal-Mart of K-mart. So, scan the bar code with the Red Laser app, and it will scour the internet to see if there is a better deal.

Don’t Forget About Cyber Monday

Buying electronics on Black Friday is now tougher than ever, because you must consider the fact that Cyber Monday deals from online retailers could have better deals. What should you do? Well, usually Amazon, NewEgg, TigerDirect, Buy.com, and other big electronics-based retailers will leak their ads prioir to Black Friday, but not all of the time. Make sure you monitor sites like BlackFriday.info very closely next week for Cyber Monday deals. Cyber Monday has gained a lot of traction over the past few years, but it still doesn’t have the appeal that Black Friday does. I wouldn’t hold your breathe for great deals on clothing and home accessories, but if you’re in the market for a laptop, LCD TV, digital cameras, video cameras, or other consumer electronics, you may want to wait for Cyber Monday and do your shopping in your pajamas. However, Cyber Monday can be frustrating, because servers lock up from overuse, and you’ll find yourself refreshing the web page for an hour only to find that it’s sold out. Go for stuff that isn’t the most popular, and use a computer with a very high-speed connection.

Tips And Strategy

  • Look for items that you need. It’s easy to get caught up in the frenzy of the doorbusters, but sometimes you’ll find great deals on the winter coat you’ve been looking to buy, the home appliance you’ve been putting off buying, or the tool that will help you complete a home project.
  • Map out what items you want to go for. You need to have a game plan. If you walk into Target and/or Wal-Mart without knowing exactly what you’re looking for, then you’ll walk out of there with stuff you don’t need or want, and you’ll spend more money than you can afford.
  • Split Up. If there are two stores you want to hit for popular items, split up with your spouse and/or friend to cover more ground.
  • Don’t be an idiot. Remember, it’s just stuff. It’s stuff that will burn to nothing someday, so don’t be rude and obnoxious to other. Black Friday is the first official start of the holiday season, so keep that in mind while you’re out shopping.

Have fun shopping and report back on what deals you get next week!

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

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  • Greagory Creaser

    Deals are abundant this year – and I see more appeal in shopping in my pajamas like you said with a high speed connection and a cup of coffee. It might make sense to shop in tandem, have two-machines lined up checking the final totals in the shopping cart before you press the button. Oh and deals can be deceptive, as a Thawte Rep I keep reminding people to stay calm, if its that good you can take 2 seconds to check the validity of the site. Fastest way is the Green Url Bar- signifying EV SSL, or clicking on the Company Name to check the Certificate for authentication. Hackers and phishers will also be abundant this year as well. Stay safe and shop on secure sites.

  • Craig

    It’s no difference than any other shopping day. Avoid impulse buys. When you have what you are looking for, leave the store and save money.

  • MR

    Here’s another deal for the list: For Cyber Monday, Prescription Audio (www.prescriptionaudio.com) is making all of their products available at a 20% discount for one day. Use this code to get the discount: CYBER20

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