3 Black Friday Shopping Tips to Avoid a Red Friday for Your Wallet

3 Black Friday Shopping Tips

Touted as the biggest shopping day of the year, Black Friday also bears the distinction as the beginning of holiday season shopping and is a crucial time of year for the economy. In fact, around 30% of yearly retail sales happen between Black Friday and Christmas.

A Brief History of Black Friday

Black Friday was first used in the United States to describe a financial crisis in 1869. On September 24, 1869, a Friday, James Fish and Jay Gould tried to take over the gold market in the New York Gold Exchange. To keep the event a positive one for yourself, make sure to read and follow our tips for getting the most out of your Black Friday shopping.

Have a Plan

Black Friday today means big profits for business, but it may still denote a crisis for you if you allow yourself to indulge in a wild and crazy shopping spree. This is why it’s critical to have a plan before you leave your home.

Number one, have a list of items you want to buy

This list will primarily be for the holiday season. However, it can also include other items that you need/want and have been waiting for the best deal. Black Friday is often a great time to buy large ticket items, especially for those that you can afford to wait (like an elliptical that Tawnya bought for 1/3 of the retail price a couple years ago).

Second, have a budget and stick to it

No matter the length of your wish list, you’re doing yourself no favors when you turn Black Friday shopping into Red Friday for your wallet. No item is worth going into serious debt for. Determine what you can afford to spend, then prioritize the items you most need from your list.

Third and most importantly, do your homework

Take your time and do your homework before you start shopping. It’s important to review all the sales out there such as door busters, early bird specials, first 100 customer deals, coupon deals, and online specials to find the best deal for the items you want.

Be Ahead of the Game by Starting NOW!

Social media, TV, radio, and all the shops at the mall are already advertising Black Friday deals. In fact, many deals start before Black Friday. Start your home work early so that you will not be overwhelmed when Black Friday arrives. Yes, free doughnuts, coffee, and small door prizes are attractive, and you should take advantage of them.

Always Be in Control

We want to remind you to be in control during the Black Friday shopping frenzy. We know most of you are aware of the retailer’s intentions, but it bears mentioning. Retailers will do anything to get you to buy their product, so it’s important to understand the sale without becoming a victim of deceiving ads.

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