4 Black Friday and Cyber Monday Tips for responsible shopping
This year’s Black Friday falls on the 26th of November 2021. This shopping frenzy is characterized by heavy discounted items that are in most cases irresistible to pass on. With marketer’s heavy emphasis on this day and its follow up, Cyber Monday, one has to be wise about their spending during this period. For this reason, we’ve come up with 4 Black Friday and Cyber Monday tips for responsible shopping.
Make a list of what you actually want and need on Black Friday
When the clock strikes midnight on the day Black Friday starts, a lot of items go on sell. Most of which are things you didn’t even think about, but the sheer fact that something is on sale is tempting enough. DO NOT GIVE IN!! And again, we say, “Do Not Give In!”. Once your list is made, you can now split that list into two – your wants and needs list. It is very imperative to distinguish the two. You do not want to have any regrets for passing on a very good deal of something that you needed. All because you spent all your money on your wants (or things you never even wanted).
Have a Black Friday and Cyber Monday Budget
This cannot be emphasized enough. You need a budget for your Black Friday and Cyber Monday shopping. There’s no need to be ballin’ out of control because of one day’s or three day’s sale (Cyber Monday inclusive). Set aside how much money you’re going to spend during the period. The fact that Black Friday and Cyber Monday fall during Pay week, it can be tempting to think you have all the money you can spend. Reality check – You don’t! There’s life after the shopping frenzy and it may feel like a long period till the next pay day.
Have a figure in mind of how much you want to spend and write it down on paper or in an Excel sheet. Add the list items you wrote previously – both wants and needs list under this budget. You probably have an idea of actual prices of these items, so use that price or at least a 10% discount, just to be safe. This tip will save you both your time and money when the day to spend on your shopping comes.
Make sure a deal is a deal
Do your research of looking up the prices of the items you want to buy before Black Friday. Just because an item has a discount sticker on it does not mean the price is lesser than the usual one. If you like to shop online, look out for retail reviews of Black Friday and Cyber Monday deals. Most of these reviews will help you find the cheapest deals and in most cases, even comparisons.
In its recent investigation, the consumer group Which? cited that 9 out of 10 Black Friday deals are the same price or cheaper in the six months before the day. You might not be as thorough as Which? but you can even check from shop to shop for the items you want to buy a few days before Black Friday. If that doesn’t work this year, you can be more diligent next year. Doing so makes for Black Friday and Cyber Monday tips for responsible shopping.
Do not over do it!
Remember, Black Friday and Cyber Monday comes before the most expensive month of the year – December. Plus, school fees are still coming in January. Because of that, the months after that are pretty much rough with scarcity of money in the economy. Reserve some money for your Christmas sales that are around the corner. Or better yet, there are always discounted products after Christmas when old stock hasn’t been sold.
Do not let the temptation of an additional good deal during Black Friday and Cyber Monday lure you into bad debt. Be smart with your money and spend responsibly. What other Black Friday and Cyber Monday tips for responsible shopping would you give someone looking to spending this Black Friday?