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Black Friday is the biggest shopping day of the year. There are great deals everywhere.
However, it is also a day when people can accumulate debt.
With a couple of tricks, you can come out ahead and score some great deals too.
How To Get the Most Out of Black Friday
- Have a plan
What time will you wake up and get to the stores?
Which stores will you hit first?
You need to know all this.
Since you have time to plan in advance, look at ads and start planning. Sign up for store updates and apps. The ads will tell you the best deals too.
2. Know the doorbusters
Doorbusters only exist on Black Friday, and they usually sell pretty fast. Type “doorbustes” for your favorite stores in Google. Make sure you are up early if you want one of these deals. Know some sales start on Thanksgiving evening too.
3. Know which items are the biggest discounts
Items like televisions, smartphones, laptops, and other electronics usually have the best discounts. If these purchases are on your list, go for them first.
Items like winter clothing may be cheaper after the holidays.
4. Leave the kids at home
The day will be filled with long lines and crowds. The kids will be impatient.
Kids could also encourage you to spend more.
5. Avoid impulse buys
Black Friday will have a lot of temptations. Have a list, and stick to it.
Black Friday is for retailers to make money.
6. Use discounted gift cards
It is great to get a deal. It is even better to get a discount on a deal.
As usual, discounted gift cards can save you up to 50%.
You probably want to buy these early because some stores may be sold out on Black Friday.
Try these three gift card sites: Raise.com, Giftcardgranny.com, or Cardpool.com.
7. Know your budget and stick to it
The point of Black Friday is for retailers to get you to spend more money than you planed.
Have a budget and stick to it.
Many finance sites say to only use cash so that you stick to your budget. If you are financially savvy, rewards cards are will give you extra cash.
We suggest you use them as long as you stick to your budget.
Summary
Black Friday is a great time to get some great deals.
Retailers make a lot of money off this day though. They expect you to spend more than you planned.
So use these tips and come out ahead.
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