10 Ways to Save Money During Black Friday

Print Friendly

10 Ways to Save Money During Black Friday

  1. Don’t Shop – Honestly, don’t use Black Friday as an excuse to cast aside discipline and spend money! There is no law that says you must shop on the day after Thanksgiving. We never go shopping on Black Friday (just don’t ask about Cyber Monday)!
  2. Research – Details about the various sales that will be available can be found all over the Internet. Of course I would suggest checking out my Black Friday 2010 page first ;-). Also, you have time to look at reviews of the various products as well as making sure that the price represents significant savings.
  3. Make a List – Having a list will help you to stay focused and avoid being distracted by every red tag and blinking light in the store!
  4. Bring a Copy of the Circular – Many sites (like my link above) will provide scans of the full Black Friday ads for most stores. To be sure you pick up the right item (especially after shoppers make a mess of the inventory and signs), you may have to compare it to the circular. Having it with you, or at least on your phone, will help you greatly.
  5. Develop a Budget – If you must shop on Black Friday, then you need a budget. Since you have already done research and created a list, it should be easy to hold your spending in check!
  6. Know the Layout of the Store – Most of the time, people will line up for these sales hours in advance. There will be a stampede of people willing to run over anyone in their way to get to their products. So you will not have time to casually browse the aisle looking for the items on your list. Know where they are and the most efficient way to get to them ahead of time.
  7. Develop a Plan – Besides having a list, you need to develop a plan. This will include what to do if one of your desired items is sold out.
  8. Don’t Go Alone – If your list includes stops at more than one store, then you hit one and have your shopping partner go to the other. If it’s all in the same store, split the list and grab items at the same time!
  9. Plan the Best Route – For those who have to go to multiple stores, be sure to plan your shopping sequence. You may have a store on your list that opens at 5am, while another begins the day at 6! Pay attention to these details in order to save the most time and gas.
  10. Pay Cash – Using cash (or a debit card), is a good idea for most people on every day of the year, not just Black Friday! This will ensure that you stay within your budget and avoid going into debt over a moment of weakness. It’s probably best to use your debit card as a credit card so you can get the same credit protection that credit card users enjoy.

What are your tips for saving money during Black Friday?


Comments

  1. says

    This list is perfect Khaleef – I especially love #1 :)

    Actually, this is the first year my wife and I won’t go shopping on Friday. We’ll take advantage of Cyber Monday for sure though. (Only for a couple items because of free shipping)

    This year we’re sticking to our budget by getting our relatives giftcards. I know there are some people who don’t like this idea – but most of our family likes gift cards. This helps us stay within the budget and everyone’s happy :)

  2. says

    Khaleef, Very good set of tips.

    Also, bring your cell phone. You can use the red laser app to scan the barcode of any item in a store. It then checks online for you to see if there are any better deals. That way you don’t have get on your laptop!

  3. Lisa Firits says

    Thank you for taking your time and sharing your tips.

    I also plan when it comes to Black Friday. It’s always crowded and packed. But i don’t buy everything. I always compare and research on where to get that specific item for less. Sometimes you can make good bargains on sites like http://www.BarterQuest.com. And you don’t even have to leave the house for that ;-)

  4. says

    @ Tim, I’ve never been shopping on Black Friday! I just can’t imagine going through all of that for a couple of products! But I do love Cyber Monday.

    If you plan to spend a certain amount on a person, I have no problem with gift cards. The only thing is when someone is comfortable buying a $10 or $15 gift, but not comfortable giving that amount in a gift card – because it seems too small.

    @ Car Negotiation Coach – I’ve never heard of red laser. Do you know what platform it runs on?

    @ Lisa, I like the idea of not leaving the house on Black Friday.

  5. says

    I don’t usually go shopping on Black Friday unless there is something we were going to purchase anyway, and I can get a good deal on it on Black Friday. For example, one year we needed a new receiver for our home entertainment system after our old one died. I was able to buy one that normally cost $150 or so for only $75. I think that was worth waiting in line for a little while. Plus, it was kind of fun waiting in line with a bunch of other people – it was a festive atmosphere – and the store was giving out donuts and coffee to people in line. I actually had a good time!

    My tip – if you’re buying a popular item go to the store a day early and find out where those particular items sit – or will be sitting. Plan how you’ll get to that area when the store opens. Also, if they’re giving out tickets for that item, get there plenty early to wait in line and get your spot.

    • says

      @Peter would you ever wake up at 4 a.m. and go to the store to get a good place in line? I’ve never done it, but I’m trying to find out if anyone has.

  6. says

    I am doing #1. Not shopping at all. I can’t stand crowds, and I really don’t enjoy shopping anymore. I guess it’s because we do the envelope system, save as much as we can, and want to stay out of debt. Shopping has lost its appeal.

Leave a Reply

Your email address will not be published. Required fields are marked *