Black Friday – is it worth it? (And shopping tips!)

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Big deal days like Black Friday (24th November 2023) can produce some fabulous bargains, but sometimes it’s not all what it seems. So, to answer ‘Is Black Friday worth it?’ take a look at the things you’ll want to be thinking about, and how you can get the most from it.

Make a list

If you’re hoping that Black Friday will give you some great deals on the things that you’ve been looking to buy for a while, or to bag some bargain Christmas gifts, then make a list of what you’re after before the day arrives. This will make it easier to sift through the deals, and help you to avoid impulse purchases on things that you hadn’t considered before.

 

Consider need vs want

This brings us to my next point – once you’re armed with your list, use it to keep focussed and differentiate between the items that you genuinely need and those you want. While it’s great to take advantage of discounts, make sure that you’re not just buying things because they’re on sale. Ask yourself: Do I need it? Do I love it? How much use will it get? Will it improve my life?

 

Do your research

Some retailers are guilty of inflating the original prices a few days before sales begin, to make the discounts seem more substantial. So a couple of weeks beforehand, go through your list and write down the average prices for the things that you’re after. It’s essential to do your research, compare prices across different retailers and read reviews to make sure that you’re actually getting a good deal on a quality product.

woman on computer

 

Set a budget

Work out in advance what you’re willing to spend so that you’re able to quickly take advantage of fleeting offers on the day, knowing for certain that you won’t be regretting it afterwards. It can be really easy to get caught up in the excitement of Black Friday, and other sales, which can lead to overspending. So, set a budget beforehand and stick to it to avoid unnecessary strain on your finances.

 

Consider timing

This time of year, Christmas can take a big chunk of our money, so think about whether a November sales day is actually a great time to be splurging. If you’re planning to buy gifts for friends and family, then taking advantage of Black Friday deals could save you money on the things that you would have bought anyway. But, anything extra might be a stretch when money is needed for the festive season, so consider whether it may be best to delay some purchases into the New Year instead.

 

Compare online to in-store

With the rise of online shopping, lots of Black Friday deals are available on the internet, but there are also lots of deals available in-store only. So consider which is more convenient and cost-effective – if you’re hitting the high-street, use your phone to compare prices with online deals before making any purchases. (Though don’t forget to factor in delivery costs too!)

christmas shopping centre decorated

 

Check the return policies

Before making any purchases, make sure that you check the return policies of any retailers that you’re buying from. Sometimes items bought in the sales (including Black Friday) may have different return conditions. And if you’re buying gifts for Christmas, you’ll want to check that these items can be returned in January if need be. Some retailers also charge postage back for returns unless items are faulty, so make sure that you’re aware of their terms.

 

Consider alternative sales

Though there’s a lot of hype surrounding Black Friday, there are lots of other sales throughout the year, such as Cyber Monday, Boxing Day, and end-of-season sales. So consider, with the expense of Christmas around the corner, whether Black Friday is the best time to be spending. It will also depend on what it is that you’re buying – sometimes waiting until Cyber Monday can be a good move, especially for tech-related products. And, Boxing Day sales often offer heavily reduced Christmas items, if you’re willing to wait.

 

So, is Black Friday worth it?

If you approach Black Friday with careful planning and consideration, you can get some great deals and perhaps a good head start on your Christmas shopping. So, it can totally be worth it – as long as the things you’re purchasing are items that you intended to buy anyway. Just get that list ready, set a budget, do your research and make sure that you don’t spend beyond your means.

Want to save even more money on your Christmas shopping? Check out my article – Christmas on a budget: How to save money on your gift shopping.

woman shopping with bags

 

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