There are so many great deals to be found during Black Friday. That means you want to make sure you budget so that you have extra money to take advantage of these awesome deals. Whether that means making a list of the items you want or withdrawing money from your Christmas savings account, there are ways to budget for Black Friday shopping.
Make a List of the Items You Want and a List for Things You Need
Once you have your hands on the Black Friday ads, make a list of all the items you want and the items you need. Obviously, the items you need are going to be more important. For example, towels and clothes would be more important than a new TV. Total up each list of items and consider whether or not you’re going to be able to afford everything. If not, focus on the most important things.
Put Back Money Each Week
In the weeks leading up to Black Friday, put back as much money as you can. You can even divide up the amount of money you need from the tip above into the number of weeks left before Black Friday. This will make it much easier to determine how much money you need to save.
Utilize Your Stockpile
One of the best times to utilize your stockpile is during the months of November and December. Because you’ll have a lot of extra expenses, why not eat from your stockpile and save money? This can save you several hundred dollars over the course of two months, depending on the size of your family.
Cut Expenses for the Month of November
Throughout the month of November, cut all the unnecessary expenses. For example, skip the daily coffee from your favorite coffee joint. You can also eat out less, watch movies at home, etc. You’d be surprised at how much money you’re spending on items you really don’t need.
Withdraw Money From Your Christmas Savings Account
Last, but not least, if you’re going to be shopping for Christmas gifts, withdraw the money you need from your Christmas savings account. If you’re the type that starts saving for Christmas in January, you’re going to have the money you need to buy gifts at awesome prices.
You don’t have to break out the credit cards on Black Friday. There are ways to budget your money so that you can get the items you need. Whether you cut unnecessary expenses or eat from your stockpile, you can come up with the money you need.