4 tips on the best ways to avoid overspending on Black Friday
Although Black Friday is the perfect chance to pick up some great deals and take advantage of big savings, it can be easy to get carried away. Whether you’re browsing through offers for some of the best sales, or getting started on your Christmas shopping, here’s how you can avoid overspending on Black Friday, with our ...
4 smart shopper tips
- Set your budget
- Make a shopping checklist
- Buy only what you really need
- Stick to your spending limit.
1 - Set a budget - and stick to it!
With so many retailers offering big discounts on their products, it can be easy to find deals you weren’t even looking for. There’s no problem with that, so long as you’re prepared for the amount you’ll be spending.
Prior to Black Friday, set aside some time to decide a limit on how much you’ll spend on offers. This budget should include everything you’ve already got your eye on, and a little extra to cover those irresistible deals you stumble upon.
2 - Plan your Black Friday purchases ahead of time
Heading into Black Friday with a plan of what products you’re looking for and at which stores is a great way to be prepared. Not only will this give you the best chance of finding the deals you’re after, but it will help you avoid overspending.
Having a plan in place doesn’t mean you can’t spend a little extra, it just means you should have some money set aside for when those irresistible deals pop up.
3 - Don’t buy things you won’t use
An unbelievable deal on Black Friday can be a tempting reason to pull the trigger on a purchase, but ask yourself if you’ll really use the item.
A good deal is only good if you were considering buying the product at a higher price. If you’re spending money on items you won’t use, no matter the size of the discount, then you’re probably wasting money.
4 - Only spend money you’ve put aside for Black Friday
Being financially sensible on Black Friday means shopping within your means. To avoid overspending and financial stress after the biggest sales event of the year, Mozo recommends putting money aside in advance of Black Friday.
This goes hand in hand with your budget: choose an amount you can comfortably afford and get that money tucked away in the lead up. For example, if you’re planning on a $150 spend on the day, stash this away leading up to Black Friday. When the time comes to hit those deals, you’ll be ready and will have set your limit.
Head over to our Black Friday hub to get prepared for the biggest shopping event of the year.
A note on 'Best': Our use of the word 'best' for this article is by no means definitive. The deals published here are merely a selection of the top deals we have found in our research only. We recognise that the number of shopping deals and discounts across Black Friday are too numerous to review. We recommend that you also conduct your own research when shopping at any of these retailers.