How To Shop Smart On Black Friday

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christmas-presentsAre you thinking about the fantastic after Thanksgiving deals while stuffing your face with turkey, stuffing, and cranberry sauce? Also known as Black Friday, the after Thanksgiving deals are a very popular tradition in America. Long before you can set the table for dinner, retailers are promoting their deals. It has become so popular that security is often doubled in stores and some deals start almost as soon as the turkey is out of the oven. If you are planning to hit the streets to take advantage of these deals, here are some tips on how to shop smart for Black Friday.

Make A List, And Check It Twice

Before you start to grab everything on the shelf with an amazing discounted price, you need to have a plan and that starts with a list. Whether it’s a gift for someone or for yourself, creating a list will help you stay on task and reduce frivolous spending. There will be temptation everywhere once you step foot in a store, so sticking to your plan will be crucial to getting everything you want on your list.

Do Your Homework

The ads are already everywhere so doing your research won’t be hard, but it’s important to do it. Once you have made your list of everything you hope to buy, check the prices online at various stores. This will ensure that you are going to the right store for the best price. Take note of the correct model number and take pictures of the item if necessary. Some have found that retailers will feature products that look similar but have different features.

Have a Backup Plan

The one thing about this popular American tradition is just that – popular. Have a backup plan if the item you want disappears from the shelves before you can get there. Add your backup items to your wish list to help you stay on tasks. You might also want to consider taking some little helpers with you. If you plan to go to a big department store, you can divvy up your list among your family/friends to help you (and them) get everything on your lists.

Follow Your Budget

We cannot stress enough how important it is to create a budget and stick to it. It’s easy to justify your spending when you see how much you are saving. Don’t let that cause you to stray from your budget. It might also be best to avoid using credit when shopping. It’s easier to spend when you can’t see it depleting your account or leaving your hands. Opt for cash or a debit card to keep you on task.

The holidays are a time for giving, so don’t let overspending turn you into a Grinch. If you need help creating a budget you can actually stick to, one of our Member Advisors would be more than happy to help.