Snag The Best Black Friday and Cyber Monday Holiday Deals!

Posted by Marian
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The sky is the limit when you shop on a Black Friday and Cyber Monday! The excitement is up for the shopping spree, so are you ready?

It’s only a matter of days until retail shops dial up the discounts. And while there are some epic deals to snag, it can be easy to blow your budget and buy more than you can really afford to.

So, how exactly can you avoid overspending and get the most of this shopping adventure? We have a couple of tips to get you all set up:

Set a Limit

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Setting a spending limit is a good idea anytime you go shopping, but it’s especially important during Black Friday and Cyber Monday.

Why? Retailers will be advertising sales all over the place and without a plan in place, sales make us act quickly and spend more than we should. You know how this happens when we get too emotional or dramatic with our purchases – and buy even if we don’t even need it.

To help you combat the impulse to hit the buy button when you see a killer deal, set a spending limit for yourself.

Look at your budget and how much you can realistically spend without putting yourself in a tough financial situation. Be specific with your limit and write down the exact amount you can spend during the sales. Make yourself a promise that you won’t go over that amount, no matter how big the discount is.

Create a Shopping List and Stick to It!

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So, all you have to do is set that spending limit, and then create your shopping list.

No matter what you’re shopping for, make a list of each item you intend to purchase and then do your homework. Research the different retailers that sell the item and what their sale dates are to optimize your spending. Keep in mind that retailers will be adjusting to the volume of online traffic this year and that might mean deals will become available before the traditional sale day.

Figure out which retailers offer the product you want to buy, and what their sale date is. When the sales prices are released, you can comparison-shop to find the best deal on exactly what you’re looking for.

Unsubscribe (For now!)

I know this can be tough – but you have to do it now or for the meantime. As we get closer to the sale season, retailers will be upping their email game. These messages usually feature steep discounts, flash sales, or limited-time offers—all of which make it hard to stick to your super-thoughtful shopping list or spending limit.

Trying to ignore these emails can be challenging—who wants to miss out on a deal?

So rather than trying to rely on self-control, just hit unsubscribe from all retailers emails right now, before temptation has a chance to sneak in.

Hey, don’t fret! You can always re-subscribe later, but taking a break from the constant advertising in your inbox will make sticking to your budget much easier. And really, who doesn’t love a cleaner inbox?

Keep Track of Your Spending Habits

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Once you start shopping, it’s important to track your spending so you know whether or not you’re staying within your budget.

Many of us won’t be shopping in stores this year, so a strategy is key to keeping you from overspending.

One option is to keep a running tally of each purchase you make. Add up your spending as you shop, so you can see how much is remaining.

If you’re planning on shopping in-person, an easy way to track your total spent is by using cash. And just like with online shopping, once you’ve hit your budgeted amount, it’s time to quit shopping and do something else!

Beware of Fake Deals!

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Be extra careful of fake or scam deals. Beware offers that are too good to be true. Most major retailers and websites have similar deals, especially on the hot items. Check pricing at other stores and websites and beware of prices that are significantly lower.

Also, just because it is on social media doesn’t make it true. Beware of offers on social media. Many complaints to BBB are from customers who made a purchase through a website they found on social media and never received their order.

Research on retailer websites before making a purchase. Go to BBB.ORG or do a quick Google search if you are not familiar with the website to see what others are saying about the company. If you cannot find information about the website, it probably hasn’t been around very long.

Understand the Return Policy

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How long do you have to return the item? Do you need the receipt? Does it have to remain in the packaging? The return window begins when you purchase the item, not when you give it as a gift.

Shop Only from Reputable or Known Retailer Sites

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Shop sites you know and trust. Look for the item you want on websites you already know and trust. Even if the item costs a little more, it may be worth the peace of mind knowing the order will arrive as expected.

Use Your Credit Card for Security

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Credit cards give consumers added protections if a purchase goes wrong. Beware of sellers that ask for payment with a gift card.

Check Delivery Times

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Double check delivery times and return policies. COVID-19 has extended some delivery times. Before making a purchase, understand when the item is expected to be delivered and the return policy.

Don’t be Pressured to Buy Expensive Gifts

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While giving gifts may be a really important part of your holiday tradition, try not to put too much pressure on yourself. This has been a financially challenging year for so many. Instead of stretching it or spending more than you can afford, give yourself permission to skip shopping this year and instead focus on what’s really important to you.

Whether it’s spending time with your loved ones or taking care of yourself financially and emotionally, focus on what matters most to you. If you can’t afford to shop the sales this year, don’t worry! The deals will be there next year, and the next, and the next.

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