5 mistakes to avoid this Black Friday

5 mistakes to avoid this Black Friday

Black Friday is one of the most awaited days for shoppers. This is when people try to save money on products they need, get the best deals, and spend most of the day in stores trying to make the most of this shopping event. However, exciting deals and discounts can make many shoppers overspend or get products they do not need. So here are some Black Friday mistakes you should avoid this holiday season:

Overspending

The first thing to do before you set out to shop is to set a budget. Anything beyond this would be considered an impulse buy, which should be avoided. Many people can go overboard and get things they do not need. The deals can be tempting and make buyers believe they would miss out if they don’t buy the items on sale. However, not sticking to a budget could mean instead of saving money on deals, you end up spending way more than you intended instead of saving money on deals.

Saving all your shopping for Black Friday

The holiday season can be overwhelming as people need to buy gifts for family and also get done with their shopping for the year. People can save all their shopping for Black Friday, adding to the holiday stress. The problem with this particular strategy is that there is no shortage of great deals on Thanksgiving and Cyber Monday, among other sales that stores host. Further, waiting to shop for everything you need on arguably the biggest shopping day of the year could lead to you missing out on essentials as stocks may sell out pretty quickly.

Not planning ahead

Going in without a strategy might not be a good idea, especially as sales attract heavy crowds and popular items can sell out in minutes. So it is essential to take the time to think about what you need and how you plan to shop on the day. You should not miss out on the following steps:

Setting a budget: Shoppers should figure out how much money they intend to spend during the sales. If necessary, you can start saving some money in preparation and go all out on Black Friday. However, you should try not to exceed your budget and stick to the plan to have an enjoyable holiday season ahead.

Making a shopping list: Knowing what you need to buy before going to the store is crucial in avoiding impulsive buying behavior. Unexpected purchases and overspending tend to happen when the list is vague.

Not checking for coupons

Coupon sites are a great way to save money on things you want, and the buyers can also use them to get items that do not come with a typical Black Friday discount. Coupons also allow the customer to get an additional discount on a current value, depending on the store policy. Reward apps and websites that offer coupon codes are also the best ways to know which store has the best deals.

Misusing credit cards
A lot of people use credit cards to pay for all their purchases during a sale, however, shoppers can end up maxing out the cards. This means that they may have to pay interest, and not all credit card companies offer low and affordable rates. Further, you should avoid overspending, especially when using a credit card, as this would mean having to pay the dues with money that you did not account for in your budget. If you decide to buy something on credit, make sure your plan includes paying off the dues on time to avoid letting shopping affect your credit score.

The very goal of a Black Friday that a consumer seeks to accomplish is to make the most of the otherwise inaccessible deals. This can make shoppers get carried away and go overboard with their purchases. So, they should stick to a budget and only get what they need.

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10 hacks to save big this Black Friday

As Black Friday, the biggest shopping day of the year is approaching yet again, it is best to keep your guard up. With exciting deals on appliances, gadgets, home decor, and apparel bombarded each day, you can get confused, and overwhelmed. Therefore, it is best to plan for the shopping season, so you don’t miss out on a good sale opportunity. Here are ten tricks to help you make the most of Black Friday.Set a budgetIf you wish to buy many items, try to save a little of your earnings every month. This will allow you to set a sufficient budget to meet your requirements. Make sure you stick to the budget. Overspending may lead to unnecessary debt.Get access to early-bird offersSeveral analysts have noticed that people who get access to early bird offers usually get the best deals. It is also seen that some products, once sold out, take time to arrive at the store for sale. Thus, it is always good to be prepared to hit the market at the right time.Check out products that are cheaper, closer to ChristmasDo not believe the advertisements blindly; that is because not every Black Friday deal is the same, and some items are cheaper as Christmas and New Year approach. Several retailers offer bigger discounts on electronics, apparel, toys, and other items in the run-up to Christmas.Stick to trusted websites and known brandsDo not shop on unknown websites just because they offer huge discounts on attractive products. You must be careful as these could be filled with hackers and scammers. You must always go to trusted websites or read the reviews on new ones that you just discovered. You should also make payments from a secured internet network that is personal and not public.Plan your purchaseIf you assess your needs and prioritize them before the Black Friday sale, it will help you have a smooth shopping experience. It will help you to spend wisely within a budget. Unplanned purchases may leave you in financial turmoil.Research and analyze storesDuring the shopping season, many retailers end up offering the same items at discounted prices. You have to do your research. Compare prices and offerings of different stores to enjoy maximum savings.Subscribe to mail newslettersRetailers are likely to send their catalogs, promo codes, and special discount offers through newsletters a week before the sale. Subscribing to their mailing lists may get you early updates on the sale time and offer details. This way, you will be able to maximize your savings on Black Friday.Be aware of cyber scamsBlack Friday is one of the major marketing events for online brands. Many shady websites try to make big money at the cost of a consumer. You have to be aware of fake deals and offers. Also, protect your personal financial information like credit card details, passwords, and OTPs. Shop on legitimate sites that have a padlock icon with a URL.Install and use applicationsSome retailers give you special discounts and share coupon codes if you use their applications. So ensure that you download and install them on your phone well in advance to get the best deals.Use social mediaIf you are planning your shopping by analyzing the market through social media, it is a wise decision. In this regard, retailers showcase their advertisements on social media platforms to promote their Black Friday sales. Black Friday is the most exciting shopping day of the year. However, there are other seasonal discounts too that are also available. If you follow the listed hacks, you are sure to get the best Black Friday deals and offers. Make sure you plan, prioritize your purchases and shop safely. Do not fall victims to cyber scams and fake deals.

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6 Cyber Monday Shopping Mistakes to Avoid This Season

Looking for a bargain? Cyber Monday is just around the corner, and major brands and retail outlets are gearing up to offer some incredible deals. It is a great way to save money, but it can also be a bit tricky. With so many good deals to choose from, it's easy to get carried away and make some costly shopping mistakes. Here are a few common mistakes shoppers make and some tips on how to avoid them. Opening suspicious links As we approach Cyber Monday, it's important to be cautious when browsing online sales. Cybercriminals often take advantage of the hype surrounding these events to introduce suspicious and phishing links in newsletters and on websites. These links may appear to be too good to pass up, and one will be tempted to sneak a peek into the early bird deals. However, this trap will grant unauthorized access to one's sensitive information, including passwords and financial details. The bottom line is never to click on links that keep redirecting to pages other than the mentioned offer. And even if one unknowingly clicks on a link, it is important to ensure one does not enter any sensitive information that can be scanned off the keystrokes. Shopping with unverified vendors Barring a few top retail websites that handle the logistics of the order, many vendors are actually not verified. They only provide handling, shipping, and delivery logistics for a few days during the shopping weekend. We are specifically referring to fake websites that pose as an intermediary to collect information provided while placing an order. One simple way to verify the authenticity of the vendor is by checking the URL. Websites like TrustPilot allow one to copy and paste such URLs to check if the link is legit and created per the protocols for publishing a website online. One must avoid visiting gimmicky websites and always shop with trusted vendors from which one has previously bought products online. This goes for services as well. Never agree to a subscription before confirming the authenticity of the website offering the deal. Shopping without a plan Shopping sale events can get out of hand if one does not have a plan. The sheer number of offers and unlimited range of discounts is the perfect excuse to go overboard. This is where one may end up buying something that is not useful or spending way too much on products and services that are unnecessary. Ideally, one must have a list of things to buy and filter out products categorically. Make multiple lists divided across 'must haves,' 'can purchase,' and 'can do without it' categories. This way, one can also decide on a total spending budget. Giving into the fear of missing out Know that there will always be a next time, a better offer up ahead. Never give in to the fear of missing out on a good deal available for only a day or two during the shopping weekend. This is especially true for the products or services one did not put on the original list. But surely enough, the brands and vendors have done a good enough job of enticing one to check out the deal. However, buying something simply because it's on sale or only available for a short period of time is not a smart strategy and a bad way to spend hard-earned money. If not this year, there is always another shopping event or special offer sale event where the same product will be available, even for a better price. So, never buy out of fear that the deal is simply too good to pass. Logging in late on the day of the sale Many shoppers are blissfully unaware of the fact that major brands and retail websites promote early bird deals long before the shopping sale event goes live. Where one lives also plays an important role in determining the time difference. Even though the sale timing is fixed, one may be staying closer or further away from the time zone mentioned in the sale. So, one will have to log in early or late to be on time for the sale. For example, shoppers from the west coast will have to log in at 9 pm Sunday to match the 12 am Monday opening deadline. If one waits, the good deals might get sold out before one even logs in on popular e-commerce sites. Buying luxury products during the sale We understand that the whole purpose of shopping on Cyber Monday is to buy some of the most luxurious branded products that are otherwise pretty expensive to own. It's impossible to pass up a deal where one can save hundreds of dollars on the latest MacBook Pro with the M2 chip. Or one may end up receiving a trade-in bonus for the latest Samsung Galaxy S series, where the exchange practically pays for the cost of the phone. But there are many luxury purchases that one should avoid online as scammers are always on the lookout for gullible shoppers who only look at discounts. Many surveys conducted to analyze these sale events conclude that 13% of the products sold online are counterfeit. So, avoid buying jewelry, high-end designer accessories, and even some gadgets online because these products can be counterfeited. There is no way of verifying its authenticity online.

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