Keeping your budget intact on Black Friday

BIRMINGHAM, Ala. (WIAT) — Black Friday shopping has become almost like a sport over the years, but with the evolution of deals, shoppers can put their budgets majorly at risk if they don’t read the fine print.

“If you’re going to play the deal game, make sure you and your budget come out on top,” said Stanton Davis of Avadian Credit Union.

Here are some tips to protect yourself financially and ensure you’re getting the best deals available.

  1. Establish a plan: It’s better to go in knowing which deals you’re after so you don’t overspend. It will also help you be time efficient while you’re out shopping. You can search ads, retailers and products here.
  2. Don’t feel pressured to buy because it’s Black Friday: Many don’t know that Black Friday sales start at the beginning of that week and continue throughout December. Only rush to get a deal if there is a limited quantity and it’s a deal you can’t pass up!
  3. Know that the lowest-price deals are not always the highest quality items: Especially with electronics, those deals are derivative models created specifically for Black Friday. It may have fewer features and lower specs than standard models, especially when it comes to televisions. You can always find the product you want and ask the retailer if there’s any wiggle room on the price.
  4. Resist impulse buying: Doorbuster deals are designed to get you in the door with the hopes that you’ll spend more money. If you choose what you want ahead of time and show up with only cash to spend, it will cut the urge to impulse purchase.
  5. Research store policies: Seek out price match and return policies at the retailers you know you’ll shop at. More retailers are expected to price match specific online and in store deals this year. However, some stores may suspend their exchange or return policies because it’s Black Friday, so make sure to read the fine print.

Copyright 2015 WIAT 42 News

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