Black Friday 2012 Shopping Strategies
The day after Thanksgiving is considered by many to be the official start of the holiday shopping season. With an estimated 147 million shoppers expected to participate in Black Friday this year, many stores are attempting to entice these shoppers with more sales and earlier opening times. While there are a number of excellent reasons why you should avoid the entire Black Friday hype and skip the crowds at the shopping centers altogether, there are a few simple steps that consumers who decide to participate can take to reduce spending.
Make A List: The reason for all the great deals that stores offer on Black Friday is to entice consumers in the door where the retailers expect they'll end up making impulse purchases. By having a specific list of what needs to be bought and sticking to it, consumers will avoid spending more than they anticipated. Lists are a great way to avoid impulse purchases.
Use Price Match: Consumers can take advantage of stores which offer Black Friday price matching. This allows the consumer to do all their shopping at a single store rather than drive around to multiple stores around town, saving them both gas costs and time.
Avoid Credit Card Use: Consumers who don't have the money already in their bank account to purchase the items on their shopping list shouldn't buy them. Great discounts on Black Friday aren't really discounts at all for those who end up paying by credit card. The interest charges while paying off the purchases will usually eat away any discount the consumer may have received on Black Friday.
Take Advantage of Layaway: More stores are offering layaway options where consumers can pay for purchases over time at no additional cost. For those that don't have the money on hand to buy all the things on their list that they absolutely need, the layaway option is better than placing the purchases on a credit card where the consumer will incur large interest charges.
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