It's almost time for the biggest shopping weekend of the year. From Black Friday all the way through Cyber Monday, this is a time when some really great shopping deals can be had if you know how to go about it. It also happens to be the busiest time of the year to go shopping.
Everyone and their mother will be out looking for bargains and this means there's a high chance what you want could sell out…fast. This also means there will be a lot of excessive spending going on. But! You can still shop the sales and get the things you want without derailing your financial goals
1. Make a list of things you want to buy
First things first, what are the things you want to buy? Are you shopping for holiday gifts, gaps in your closet, or electronics for your home? Make a list of everything you are trying to buy on Black Friday and narrow it down to the things that you really need.
2. Create a budget for each item
Now that you have created a list of things you'll be hunting for on Black Friday, it's time to assign a dollar amount to each item. This should be the maximum amount you will allow yourself to spend on each item. Print this list out and keep it in your wallet next to your bank card this way you don't get side tracked in the heat of the shopping moment.
3. Keep your eyes open for the ads and compare prices
Ads for black Friday will start popping up weeks before the big weekend, so be on the lookout. Hip2Save and BlackFriday are excellent resources. Going through the ads will help you determine what stores you need to hit up for the best deals based on the items you have on your list. Alternatively, if you know specifically where you want to buy your items, check out the retailer's website frequently to see when the ads post.
4. Plan out your shopping trip
Planning = success. Your plan should include what days you are going to shop, how early you need to get there, where you want to go first, and how you're paying. This way you can certain you'll be getting the items you have on your list. You don't want to have done all the prep work of budgeting and ad research for nothing.
Does this all sound like too much? Some people love the thrill of the hunt and others prefer to just stay in their jammies and buy online. You do you, just make sure you get a deal.