Ah, yes. It’s the week of Thanksgiving! A time of giving thanks, being with family, and overt consumerism. Y’all know what I’m talking about. Black Friday is just around the corner!
Without a doubt, Black Friday is the most popular shopping day of the year. However, the popular shopping day also leads a lot of people into the dark alley of debt.
Fortunately, there are things you can do to avoid going into debt this Black Friday. As such, I’ve come up with a few simple rules for you to follow as you do your shopping!
After all, the last thing you want is for your binge shopping to unhinge your financial goals.
But before we get into that, here are a few resources for you!
If you’re serious about taking control of your finances, then you need to check out Dave Ramsey’s The Total Money Makeover! This is easily the best personal finance book out there. Learn how to get out of debt and build wealth so you can give generously!Try Audible and Get Two Free Audiobooks
Also, my readers can get two FREE audiobooks from Audible! Just click the link above to start your free trial!
And if you’re looking for a free resource, check out my FREE 23-page eBook! Just enter your email address below and I’ll send it right to you!
Now, I present to you 5 things you need to do before Black Friday!
5 Things You Need to Do Before Black Friday
Before I begin, I just want to say that I’m all about taking advantage of Black Friday deals. But only if you have the money to do so.
After all, Black Friday does give us some pretty good deals! If you play your cards right, you can save a lot of money on Christmas presents.
But if you find yourself going into debt just to save a few bucks, then you’re not really saving any money at all.
Therefore, I present to you 5 things you need to do before you start your Black Friday splurge.
1. Have a Budget
Do you want to know the key to financial success? Budgeting. No joke! Having a monthly budget is the single most important thing you can do!
And the same is true during the holiday season. You need to have a plan for how you approach your shopping.
If you go into Black Friday without knowing how much you want to spend, then you’ll end up breaking the bank.
Therefore, plan ahead of time how much you’re willing to spend. Set your spending limits ahead of time to avoid going broke.
2. Do Some Research
Do you know exactly what you want to buy on Black Friday? If not, then you need to do some research.
Every retailer known to man makes their deals known ahead of time. Go grab the Sunday paper and start pouring over the deals!
Also, if you’re looking at some big-ticket items, compare them with multiple retailers. That way, you can make sure you get the best deal.
3. Avoid Overspending
I don’t know who needs to hear this. But if the only way you can buy something is by putting it on a credit card, then you can’t afford it.
Otherwise, you’ll have a case of post-holiday blues once the credit card bill comes in.
No matter how much you (or someone else) want something, don’t put yourself in debt. Trust me, that $15 air fryer can wait if you don’t have the money for it.
4. Try Going Later in the Day
Most retailers have their door-busters every morning during Black Friday. However, this isn’t always worth the danger of facing the crowds.
Instead, try going out later in the day. This way you avoid the worst of the crowds. Plus, there are still some pretty decent sales even later in the day.
If you do go early in the morning, just make sure you come prepared. Also, I’m an advocate for kindness. So please be kind to your fellow shoppers!
5. Plan to Shop for Others Before Shopping for Yourself
Now, I don’t think it’s necessarily wrong to spend a little money on yourself. But this is the time of year we celebrate giving, right?
Hopefully, your priority is to go out and save some money while shopping for your loved ones.
This is more of a mindset thing. Go out and think of others before yourself. Afterwards, you can start to think of a few deals you want to take advantage of as well.
It’s not wrong to enjoy Black Friday! However, just make sure you don’t spend beyond your means.
Come up with a plan and stick to it. Enjoy shopping for the people you love! And if it’s within your budget, grab a little something for yourself as well!
Don’t walk away with buyer’s remorse. Stick to your budget and you’ll come out on top!
Don’t forget, if you’re deep in debt, it’s probably not the best idea to go shopping on Black Friday. Instead, start working on a plan to get out of debt!
A great place to begin is with my FREE eBook! Just enter your email address below and I’ll send it right to you!