Love it or hate it, Black Friday is one of the biggest shopping days of the year. It's called Black Friday because for many retailers, it's the day that they start turning a profit (while trying to minimize the losses the other three quarters).
I love to get a good deal, so I've shopped many a Black Friday both in-store an online.
Here are a few tips for Black Friday shopping:
- Organize your Christmas List BEFORE Black Friday - make sure you know what gifts you've already purchased and determine who's left on your Christmas list
- Create a Budget (and Stick to It) - Know how much you plan to spend before you get caught up in the deal frenzy. Make sure you stick to your budget. If you know it might be hard for you, bring cash only.
- Create a List of Desired Deals and Prioritize - I usually list the prices of desired items at all stores and then choose which store I plan to shop and then have a backup store, in case of inventory shortages. You can check out a preview of all the Black Friday ads here.
- Create a Store Master Plan - if you plan on hitting several stores, you will need a game plan. Check store opening times to see if you can hit several stores when they open. Of course, if you're trying to get a "hot" item, you will need to visit that store first and wait in line.
- Read the Fine Print - some deals will only have a limited number per store. If the fine print states, "As least 2 per store", it's not likely you're going to be one of the lucky few. Also, some deals are only available during a specified time period. You want to make sure you make your purchase when the item is on its deepest sale.
- Price Match (bring your ads) - some stores, like Walmart and Target, allow you to price match (although read the fine print on matching BF deals). You could save time by shopping all the deals at one store.
- Shop with a Partner - Not only is shopping with a partner more fun, but it can also save time. When I go to Kohl's on Black Friday, the checkout line is usually wrapped around the store. One person can get in line while the other shops, and then switch. You'll have PLENTY of time for both of you to shop.
- Shop Online - many stores also offer their Black Friday deals online. You may be able to get many of the same deals in the comfort of your own home, without the crowds.
Do you shop on Black Friday? If so, how do you snag the best deals?