Black Friday has become one of the biggest shopping days of the year for one simple reason: it is a chance to snag great deals on items for the entire family. Because there are so many sales it's challenging to stay focused on only buying what you need without getting too distracted. We recommend planning way ahead of time, to curb impulse purchases and ensure that you're only buying things that you truly want or need. While Black Friday might look a little different this year, it is still important to go into your online shopping with a game plan. Here are our tips and tricks for winning Black Friday this year.
Do Your Research
It's important that you make a list of wants and needs and then do your research on those items to find the best products out there. This way you can check specific sites for sales and make sure you're getting the best product. We also recommend researching what these companies did last year for Black Friday to help you estimate the savings you can expect and not get your hopes up on a company that doesn't offer any deals. It is also usually a good idea to compare pricing for the things that you really need or use regularly at a few different companies (if possible) to see if there is a better deal out there.
Use the 30 Day Method
The 30 day method is a great way to think about spending all year around, but it can be especially helpful when gearing up for a big spending day like Black Friday. This method involves putting money for potential purchases into your savings account and then thinking about those purchases for 30 days. If, after 30 days, you still decide that you want or need the items, then you can take the money out of your savings account and use that money to purchase the items. But if you decide that you don't need the items, then that money stays in your savings account! This is a great way to curb impulse purchases and ensure that you're only buying the essentials.
Make a List and Check it Twice
We always recommend making a list of all the things you're looking to buy and ranking each item in order of importance. You could even make a full spreadsheet with information on where to buy each item, the sales that you can expect, the hours of the sale, and a backup option for each must-have item. As you make this list is also a good time to return to the 30 day method and set aside the money for each item.
Check on your Subscriptions
This is also a good time of year to cash in on better deals on subscription services. Sometimes the ones you are already using will offer limited time specials that you can sign up for. You could also find similar services that offer free or discounted introductory periods that can help you save money for weeks or months after Black Friday!
Be On the Lookout for Early-Bird Discounts
While most of the deals will become live on Black Friday, many stores start their sales at midnight the night before. It's good to make note of when the sales start because you might get an extra discount for being one of the first customers to purchase the item. This way you can also ensure that you will get all the items on your wish list before they sell out.
While there are many tactics that can help you keep your head above water this Black Friday, these are just a few of our major tips and tricks to help make sure you win this year, and get some great deals on the things that you need.