Black Friday is one of the biggest shopping days of the year. Here are the best Black Friday tips for 2020 and how to curb extra Black Friday spending. Black Friday can be a day to get some good stuff that you need, but it can also be a day where you blow all your money on impulse shopping. How do you make the best of Black Friday?
We asked some personal finance bloggers for their best Black Friday hacks to help you get the best bang for your buck and time without getting too caught up in the temptations that surround the biggest shopping day of the year. So, the best advice for Black Friday shopping is to shop smart, and without further ado, here are some tips that will get you the most out of Black Friday:
7 Black Friday Hacks
- The best tip we can offer for Black Friday, and it may be an obvious one, is to have a plan for what you are shopping for. Use the power of the internet to research any item on your list ahead of Black Friday and make sure you are getting the best deal. Just because it’s a Black Friday deal doesn’t mean it’s the best price. Do your homework.
- Check out websites such as Slickdeals.net. There are people on there doing most of the legwork for you and posting the best deals.
- Have a plan. There are deals everywhere on Black Friday, obviously, but just because something is on a crazy good deal doesn’t mean you should buy it. Scope out what you need ahead of time and find the best deals for it, and avoid making any impulse purchases that you’ll regret a few weeks later.
- Don’t use Black Friday and that something is such a great deal to justify spending. Instead, be very pragmatic about your purchases. What are things you buy regularly that you may be able to get a deal on during Black Friday? What gifts will you be buying for the holidays? What is the normal price of these items and is there a better price during Black Friday? There are lots of deals during the holiday shopping season. If you’re not deliberate with your purchases, it’s easy to spend way more than you planned and regret spending so much.
- Your Black Friday preparations should begin several weeks before. Start with making a list of the things you need to buy and do your research by clarifying the technical specifications for electronics, identify the models you prefer, compare prices, warranties, return policies, and determine how much you plan to spend on shopping.
- Don’t forget to keep all receipts from your shopping expeditions so that you can return items if you do have buyer’s regret. I wouldn’t recommend counting on rebates; they often have difficult and complicated rules that are designed to have a high rejection rate. If you are planning on applying for one, keep all the paperwork and receipts in a specific place so there is less of a chance of you misplacing it.
- Can you afford it? That is the first question you should be asking when evaluating Black Friday deals. A deal is only a deal if you can afford it. Keep on repeating that to yourself as all the Black Friday deals start popping up on your feed and you pass all those enticing ads.