Shopping bags

Shopping on Black Friday

Do You Really Save Money on Black Friday?

Black Friday, the day after Thanksgiving, has become one of the most important days of the year for retail sales. Retailers often offer discounts, sales, and deals to lure holiday shoppers.

Not All "Doorbuster Deals" are Created Equal

Unless you are close to the front of the line, your chances of getting a "Doorbuster" are pretty small. "Doorbusters" are particular items with a discounted price that are meant to get shoppers in the door. Stores usually carry a limited quantity of discounted items even though there might be a few hundred people in line.

Not Everything is on Sale

Remember, not everything during Black Friday is on sale. When you see something priced to sell, you may be tempted to buy it, but try and stick to your budget and only buy what is on your list.

Don't Forget About Cyber Monday

Cyber Monday, or the Monday following Thanksgiving, is like Black Friday but for online retailers. Here is why Cyber Monday could be even better for your wallet:

  • You don't have to wait in line, deal with crowds, parking, or pay for gas.
  • You often have the same inventory available online as you do in-store.
  • You still get to take advantage of Cyber Monday sales and discounts.
  • Shopping online allows you to compare prices and scan reviews.
  • Shopping online allows you to use shopping portals, sites like Ibotta or Rakuten Rewards (formerly Ebates), that offer users extra cash-back on purchases.
  • Many retailers offer free shipping, which saves money.

Remember, it's easy to overspend on Cyber Monday too. Make sure to do your research, read reviews, and have your budget in hand. When Cyber Monday arrives, you can "add to cart" with ease.