Personally, I like to save money. Then again, who doesn’t? I have found a successful recipe for black Friday shopping that will give you the upper hand when competing with your fellow shoppers for those incredible deals, keeping you in the black (financially speaking).
The best strategy for perceptive black Friday deal seekers starts with planning. Begin collecting advertised specials at least a week in advance. Most stores will do mail outs and coupons well ahead of time.
Visit your favorite retailers to get in store advertisements and stock up. Take at least 2 hours to go through all of the advertisements and choose the best deals ahead of time. Keep these items stored in a folder that you can pick up and walk out of the door with when the time comes.
One not so well known black Friday shopping tip is that merchants will honor other stores coupons on black Friday. They do this because they want to keep you captive and ensure spend your money with them exclusively.
When I pick my poison, I prefer Walmart for a one-stop shop. I collect ads from competitors like Best Buy and Target and bring those black Friday specials into Walmart each year, and each year they will match or beat any advertised price. This makes my black Friday shopping experience quick and easy.
Get there early
When I say early, I mean early. I tend to camp out in Walmart (because it is open 24 hours) starting at 12:00a.m. in order to take advantage of the best deals. This also gives me an optimal spot in line when the chaos ensues. I take a few hours, wander around, load up my cart with the specials, and am normally the first or third person in the check out line each year. By the time most folks are rolling out of bed to get their black Friday shopping started, I am typically done.
Use a reward card
Most banks offer a cash back rewards card for purchases with a Visa or Mastercard logo allowing for flexible spending. I recommend getting and using a rewards card for black Friday expenses. This way, you will be able to collect even more savings by taking advantage of the rewards from your credit card, in addition to the savings black Friday offers. In addition, many merchants offer rewards cards specific to that store. No matter where you shop, take advantage of any opportunity to earn points that you can spend throughout the year.