Whether you were one of the millions of Black Friday shoppers in the U.S. last year, or you are joining in for the first time, being well organized is key. A good plan will help you prioritize and check items off your list. Here are six tips to seize big savings the day after Thanksgiving:
- Do your homework - Jot down your gift list so you know what you need to purchase. Then take the very important step of determining your budget. Get a jump on sales by signing up for email alerts at your favorite retailers and liking their Facebook pages.
- Compare prices, products and deals - Research the normal retail price of the items you want, the best sale price to date, then the best Black Friday advertised price at each store in your shopping area. Keep in mind the best deal isn’t always on Black Friday.
- Make a game-day plan - By making the list, you can determine where each item you want will be the cheapest and what time the stores are planning to open. Then, you can map out the most practical travel route.
- Avoid crowds if you can - Many department stores have limited-time offers, or items only available until they are sold out. If your list includes those items, you may feel the need to be at the store early. However, that’s not always necessary. If you don’t have a particular need for hot-ticket items, arrive at the store a few hours after opening to avoid the morning rush. To avoid crowds altogether, shop online. Some big-name stores have specials that will take place online at the same time as they do at the actual stores.
- Use your smartphone - Instead of carrying lists and advertising flyers for each store, simply install checklist apps. You’ll have all your gift lists and prices in one convenient place. Upload flyers when needed to double-check or dispute prices.
- Stick to your plan - Be sure not to let the frenzy of the day affect your judgment. Don't buy on impulse or under pressure and decide in advance what you want and what you can afford. No matter how big a bargain something may seem, once you’ve spent your budgeted amount, put the credit card away.