12 TIPS FOR GETTING THE MOST OUT OF BLACK FRIDAY

Thu 24 November 2022:

Retailers near you will soon be preparing for Black Friday! Retailers, both online and offline, are getting ready to provide amazing offers to customers all around the world. Deals entail savings, of course, but there are ways to maximize your black Friday savings in 2022. We’re going to provide you some advice so you may take full advantage of this Black Friday.

Tip 1: Create a Budget, Stick To It!

We can all get a bit trigger-happy on Black Friday. However, before handing over that plastic card and making the purchases, you need to know what you can afford to spend. The first thing we’d recommend is to start saving now. Secondly, ensure your budget is correct. You need to cover monthly expenses first, then variable expenses, and finally, what’s left over is what you can use. Don’t overextend yourself for Black Friday!

Tip 2: Figure Out What You Want Beforehand

Start considering what you want to purchase long before Black Friday even begins. It’s a great way to figure out what is a necessity and what is just a want. Knowing what you need to get on special means you’re building a plan, and further steps will help you refine and implement your plan successfully. When figuring out what you want, choose the main retailer you want it from, with two back-ups and when it becomes clear what the special is, choose whose offering it at the best price.

Tip 3: Use Cards That Earn You Rewards

Some of our store cards or bank cards have point and rewards systems. So if you want to make the most of your savings, why not earn some points at the same time? These rewards and cash-back points mean you’re earning while spending with the ability to use points at other online and offline retailers.

Tip 4: Research & Compare Prices

Don’t just waltz into Black Friday with a ‘winging it’ mentality. Instead, spend the month before Black Friday doing some heavy research on all the retailers in your area or online that you believe will have good Black Friday specials. Create accounts online, create wishlists, and see where the deals might exist. As you get closer to the day, you’ll find that some specials are released, and you have a taste of what’s coming. Use this to your advantage.

Tip 5: Ensure Returning Items Is Possible (In Case It Becomes Necessary)

Things sometimes don’t work. However, you only realise this a few days after the sale has ended. When shopping on Black Friday, ensure every item you’re looking at has a fair return policy. This goes beyond the fact that sometimes products are defective. You might also find a product at a better price, or even worse, change your mind about the need for the purchase. Keep all receipts, review all return policies, and exercise your consumer rights if necessary.

Tip 6: If It’s an Unnecessary Purchase, Ignore It

Just because something is on special doesn’t mean it needs to be purchased. You need to make a concerted effort to ensure all purchases you’re considering have merit. Don’t buy something that seems like a great deal even though it’s something you’ll never need or use. This is so important as it can save you money, time, and effort.

Tip 7: Try Keep It Online

In-person shopping on Black Friday is a nightmare. Some people take it a touch too far. If possible, keep as much of your shopping online as possible. Of course, this comes with its own caveat, like websites crashing and slow response times, but if you plan it just right, you’ll be able to take full advantage of this form of shopping.

Tip 8: Keep Up To Date With Major Retailers During Black Friday Season!

Take to social media and follow the significant retailer’s Facebook pages, Instagram accounts, newsletters, and anything else they’re on where you can find their specials. Through these channels, you might learn about some specials you didn’t even know about, and that’s where you can really benefit in the long run. Even more critical are the last-minute specials that get announced in anticipation of black Friday. You don’t want to be in the dark about incredible specials right before the doors open, do you?

Tip 9: Be Smart With Your Time

It might seem like you’ve got a ton of time. You’ve been camping out since morning or waiting in virtual cues. What could go wrong? So many things can go wrong. You must be prepared for websites crashing, long lines to pay, difficulty moving around stores, anything, and everything. That’s why it’s not only about being smart with your time. It’s about being realistic. Sometimes, doing it alone just isn’t going to work if you’ve got a long list of places to go.

Tip 10: Ask for Gift Receipts

Gift receipts make it easier for your gift recipient to return or exchange the item. They typically include a description of the purchase, but not the price.

You can request a gift receipt for online and in-store purchases so your loved one can make a hassle-free exchange or return. Some retailers, including Amazon, even make gift receipts available online or through their app after your purchase.

Tip 11: Check all store policies in advance.

It’s always good to know a store’s price-match and return policies. Analysts expect more retailers to price-match specific deals this year. Almost all the major retailers have some form of price-match policy, and they’ve been expanding them almost every year.

Some stores suspend their price-match guarantees on certain items during the Black Friday weekend, however, so read the fine print. Check the return and exchange policies for Black Friday sales to make sure that the store won’t charge a restocking fee for any item you take back.

Tip 12: Get Family Members To Help, Or Form a Black Friday Team

This might sound a little odd, but the thing is, black Friday is a hectic day, and it can be incredibly long. Of course, if you’re doing everything in physical stores, this gets infinitely more difficult. On the other hand, if you plan everything right and get some willing and able bodies to help you, you might be able to make the most of this insane day of specials.

So plan your purchases, set a budget, create a game plan for the day, and diversify your shopping between online and in-person shopping. While one person’s tackling online shopping, a group of others can hit the malls or major retailers.

Conclusion

Black Friday is one of the most hectic shopping days there is. So you need to be 100% prepared for what’s coming your way. Plan your shopping list in advance, create a budget, do some research, form a team and plan for the day, and more to make the most of Black Friday.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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