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Friday, November 18, 2016

The Financial Do's & Don'ts Of Black Friday Shopping

By Paul Martinez


Regarded by many as the biggest shopping day of the year, it's no surprise that people will be lined up for Black Friday deals. Some shoppers are focused on technology, while others want to get their hands on the latest toys. Whatever the case may be, it's important to understand how to save money. If you're on a tight budget this holiday season, here are some of the biggest financial do's and don'ts that will help you during this time.

DO plan your shopping trips for Black Friday. The first thing to know about Black Friday is that deals will vary across different retailers. In order to get the most out of this day, from a financial standpoint, you should hit as many stores as possible. This is where a bit of planning can prove to be useful, since you can determine which deals are best. This is just one of many shopping tips that companies like Bobby Jain Credit Suisse can offer.

DON'T focus so much on shopping at physical stores. Black Friday expands beyond brick-and-mortar outlets, as ecommerce has become a major player in recent years. Retailers have taken notice of this and, as a result, continually put forth deals for shoppers to take advantage of. This is true on Black Friday as well, so you can save money even if you don't feel like going out to shop. This is another great way to save money, according to Bobby Jain CS.

DO carry circulars and flyers from competing retailers. The reason for this is that retailers want your business. What this means is that they will most likely adjust their higher prices to match the lower rates of their competitors. There are exceptions to this rule, however, which is why you should research a store's policy on the matter as early as possible. By doing so, you'll find it easier to save money while shopping on Black Friday.

DON'T forget about other popular shopping days. Let's say that you were unable to take part in Black Friday; this doesn't necessarily mean that you're out of luck. There are other shopping days that have great deals to take advantage of. Look at Cyber Monday, for example, which is quite popular for those on the ecommerce front. Even if you aren't able to stay active on Black Friday, there's a chance that good opportunities won't be far.




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