Black Friday is almost upon us. Many stores will claim to offer you deals for a steal while others will offer valuable sales on something that you have been eyeing for a while.
However, before you begin your hunt for the best deal, knowing these financial savvy tips can actually help you save money.
How much are you willing to spend?
We all have a price. But there is a limit to how far we can go with our spending, even on Black Friday. Therefore, before setting out to catch the latest deal or end up purchasing something you will regret later, make sure to set a Black Friday budget of things that you want. Make your list and check it twice - especially if you are buying in store to avoid any distractions.
Check deals before Black Friday
Preparing for Black Friday happens weeks before the actual day. This will give you ample time to search for deals, compare prices and to see if there has been an increase in pricing for an item on the day with the claims of it being on sale. As much as you would like to get an item you have been eyeing for a fraction of what it costs, stores are also looking for ways to get a return on investment. Therefore, keep an eye out before spending your money.
It's the final countdown
Remember that you will not be the only one on the hunt for great deals that will be happening on Black Friday. The last thing you would want is finding the item you have been eyeing out of stock or being swamped at a store.
If you are shopping online, try to wake up earlier to get in on the good deals before they disappear. If you are planning on going to a store, know what time they open and when they close. It will be better to get there while it is still early before the bulk of shoppers.
There will be long queues and the occasional speed walking as you try to out-walk the person next to you for an item you have on your list. Therefore, dress appropriately. Anything that is light and doesn't match the colours of the employees of the store will save you a lot of drama on the day. If possible, tag team with a friend or a partner to make finding items easier.
To save you from temptation, leave home with a water bottle and having eaten a meal to avoid making impulse purchases of food you do not need.
Keep that wallet closed
Of course, the best way to save money is to not spend any. Spending 24 - 48 hrs prior to making a purchase on an item can put things into perspective. It will also help you see if what you have been wanting to purchase was really going to be a worthwhile investment or money spent on something that will become a regret purchase later.