Black Friday will be here before you know it, and you’re probably bombarded with business flyers and marketing emails already. Whether you’re trying to save money, pay off debt, keep your credit card balance low, or avoid cluttering your home with more stuff you won’t use, you may be hoping be limiting your spending for Black Friday. Here are some tips that can help you avoid overspending on Black Friday:
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Set a budget (and stick to it!)
Before you start Black Friday shopping, take the time to budget. This can prevent you from spending more than you can afford. It’s important to remember your budget when shopping, so you stick to it. Having a shopping budget can help you avoid credit card debt.
Buy what you need
It can be tempting to shop for electronics, household gadgets, clothing, and other items when they are on sale. When you start looking at the Black Friday sales ads, remember to focus on what you really need to buy. Buying multiple âwantedâ items may cost you more than you expect.
Focus on quality over quantity
If your Black Friday shopping plan is to buy Christmas presents for loved ones, you might be struggling to come up with gift ideas. One tip that can help you avoid overbuying is to focus on quality over quantity. Instead of receiving a lot of freebies, buy one or two items that make sense. When you buy gifts with intent, your friends and family will see that you care.
Make a list
If you don’t have a list to follow, adding additional items to your cart can be easy. It’s a recipe for buying more than you need and spending beyond your budget. When you start looking at store flyers, make a list. This way you know which items you want to buy and which stores are selling them. Having a list can help save you money, and it can also save you time while shopping.
Some buyers may find it easier to control their spending by shopping online. When shopping in a store, it can be overwhelming at times. It can also be easier to act on impulse when you walk past additional sale items that weren’t on your original shopping list. If you think that buying only online can help you spend less, then do it! You can walk away from your computer or phone once you’re done shopping.
Unsubscribe from marketing emails
You are going to receive a lot of Black Friday and Cyber ââMonday offer emails. Many businesses will send multiple emails in a day because they know these marketing emails get consumers to buy.
You may need to take advantage of these discounts because of the marketing emails in your inbox. But if you’re trying not to spend the extra money, you don’t have to give in to these emails. It may be a good idea to unsubscribe from some of these marketing emails at this time. You can always join a mailing list in the future if needed.
If you’re not planning on participating in Black Friday shopping this year due to budget issues or if you’ve already finished your holiday shopping, take care of other activities. Having positive distractions can keep you from giving in and buying sale items you don’t need.
Have a plan for what you’ll be doing that day, and make sure you don’t sit in front of your computer or phone or walk around the store all day. Here are some ideas:
- Plan a comfortable movie or TV day at home
- Spend the afternoon relaxing with your family
- Enjoy an affordable activity (go to the museum, see a movie in the morning, go bowling)
- Have a chosen book to read
Participating in Black Friday shopping doesn’t have to be a bad thing. If you make a plan and stick to your budget, you can get what you need without spending too much. A smart way to earn rewards on your spending is to responsibly use a rewards credit card when shopping. Make sure you always pay off the balance in full to avoid expensive credit card interest charges.
Take a look at this list of the best rewards credit cards to learn more about the rewards card options.