How to Save the Most on Black Friday
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How to Save the Most on Black Friday

Posted on Wednesday, November 13th, 2013 at 7:00 am
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Don't get overwhelmed by all the sales.  Here are some tips to help you save money on the Black Friday sales.Black Friday is the biggest, craziest, shopping day of the entire year. It is easy to get overwhelmed by all the sales. Here are some tips to help you save the most on Black Friday (and all its extended sales).

How to Save the Most on Black Friday

More than Friday
Several years ago, the Black Friday sales were one-day, only. Today, many stores choose to extend their Black Friday sales. Some begin the week before. Others continue the sale through the following week. Many stores now are open on Thanksgiving Day (something that many consider to be controversial).

Let’s not forget Cyber Monday, either! Those sales now begin as early as Thanksgiving Day, and may extend for a few weeks after Black Friday. The key point here is that you can no longer assume you will get the best deals on Black Friday itself. There may be better deals on Thanksgiving or on Cyber Monday.

Be well informed
Want a “sneak peek” into the sales that a certain store will be having? Sign up to get their email. Last year, many stores gave customers who received the store’s email a preview of what their Black Friday sales would include. Most of those emails gave clear information about the days and times that the store would be open for business.

Make a battle plan
Is there a certain, special, item that you absolutely must buy this year? If so, it would be worth your time and effort to “do your homework”. Find out which stores will be selling it. How many will they have? Will it be offered to all customers, or only the ones who were the first in line (and who received a ticket for it)?

It is also a good idea to find out exactly when the store you select will be open. For example, if they open on Thanksgiving Day, and you show up on Black Friday, the store could have completely sold out of the one thing you really wanted to buy. Call the store and ask if you can use a coupon with the sale, or if you can use a loyalty card discount with it. Did the store run out of the item? Ask for a raincheck.

Avoid impulse shopping
Stores realize that people will be very motivated to make purchases during the Black Friday sales. They will put out more displays than usual and will load the check out area with small, colorful, things that you wouldn’t typically feel the need to buy. Avoid the temptation to impulse shop, and you will end up saving some money.

Not all sales are good sales
There are certain times of the year when things like household electronics, appliances, laptops, small kitchen appliances, and video gaming consoles go on sale. If you aren’t intending to buy one of those items as a Christmas gift, it might be more economical to hold off on buying it. Wait until the month the price typically drops, and buy it then instead.

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Good Tip: Saving money is important – especially if you have a lot of expenses like bills to pay, loans to pay off, and all the other things that drain your bank account. Figuring out a way to save money can feel tedious to some, and like a punishment to others. U.S. News suggests that you try one of these money saving challenges. The “No Eating Out for a Month” Challenge This one is self-explanatory. The goal is to avoid eating out for an entire month. This might be super easy for people who enjoy making meals at home. People who really enjoy dining out, or ordering food to be sent to their home, may struggle with this one. It’s worth a try because spending money on take-out is more expensive than buying groceries. The Pantry Challenge This one is a variation of the “No Eating Out for a Month” challenge. The goal is to use up all of your groceries before you buy more. It forces you to try and remember why you bought a food or beverage that you don’t know what to do with, and gives you the opportunity to find a way to use it. The one exemption to this challenge is the foods that have expired. Don’t eat them! Throw them in the trash. The “No Spend” Challenge Make a goal to avoid spending money during an entire weekend. The only exemption in this challenge is that you are allowed to pay bills. This challenge is interesting because it requires creativity. You must be creative and find workarounds for problems that you would typically solve by spending money. You may have a different outlook on spending after finishing this challenge.