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13 ways to make the most of Black Friday this year

Mediafeed Logo By Robyn Goldfarb of Mediafeed | Slide 1 of 11: Black Friday is the busiest shopping day in the United States. As Black Friday has evolved throughout the years, and with the addition of Cyber Monday, the actual day has become less of a focus. Many stores have deals throughout the whole month and extended weekend. While many decry the demise of Black Friday, especially since Amazon’s big Prime Day has better deals on Amazon-branded items, there are still a lot of great deals to be had.Reducing prices on new and exciting toys and gadgets are how many Americans are able to afford gifts for each other before the Holiday Season. Many people rely on Black Friday sales to be able to get their kids and loved ones the things they want. Black Friday 2020, especially, is going to be a really helpful for the millions of Americans who have lost their jobs or are underemployed. I remember my parents buying the newspaper before Black Friday and waking up at 5 am to be able to get us toys and other things we needed. One year my sister and I got a Razor Scooter (remember when those were a new thing!?) thanks to a 5 am Walmart trip. They probably would not have been able to afford it had it not been for that sale. They were all the rage back then and “everyone” had one! We were so thrilled and could barely wait for Hanukkah when it was gifted to us.Black Friday can be a day to get some good stuff that you need but it can also be a day where you blow all your money on impulse shopping.If you are spending money that you don’t have than you CANNOT AFFORD IT. This is true for credit cards as well. If there is no money in the bank to pay it off immediately than you are not able to afford it. Even if you are getting cashback, points or rewards. You have to evaluate every “deal” by recognizing that you are borrowing money for it. Are you willing to borrow money for this “amazing deal”? Chances are NO.If you budgeted and planned for the shopping that you are doing on Black Friday than you are good to go! For many people, like myself, this is a chance to get things that we really need at a price that we can afford. If you celebrate X-mas or Hanukkah by giving gifts than this really can be an amazing opportunity to get the people you love things that they want.This can also be a time to stock up on things that you may need, like clothing, winter gear or baby stuff. BUT its not worth it to buy things you MAY need if you have to borrow money on the credit card to do so. Don’t forget that stores have put lots and lots of effort into making you think you need something you don’t and into thinking you can afford things that you really can’t afford. They want you to believe that the deals are amazing- but remember: a deal is only a deal if you can afford it!

Here's how to hit the best deals on Black Friday

Black Friday is the busiest shopping day in the United States. As Black Friday has evolved throughout the years, and with the addition of Cyber Monday, the actual day has become less of a focus. Many stores have deals throughout the whole month and extended weekend. While many decry the demise of Black Friday, especially since Amazon’s big Prime Day has better deals on Amazon-branded items, there are still a lot of great deals to be had.

Reducing prices on new and exciting toys and gadgets are how many Americans are able to afford gifts for each other before the Holiday Season. Many people rely on Black Friday sales to be able to get their kids and loved ones the things they want. Black Friday 2020, especially, is going to be a really helpful for the millions of Americans who have lost their jobs or are underemployed. 

I remember my parents buying the newspaper before Black Friday and waking up at 5 am to be able to get us toys and other things we needed. One year my sister and I got a Razor Scooter (remember when those were a new thing!?) thanks to a 5 am Walmart trip. They probably would not have been able to afford it had it not been for that sale. They were all the rage back then and “everyone” had one! We were so thrilled and could barely wait for Hanukkah when it was gifted to us.Black Friday can be a day to get some good stuff that you need but it can also be a day where you blow all your money on impulse shopping.

If you are spending money that you don’t have than you CANNOT AFFORD IT. This is true for credit cards as well. If there is no money in the bank to pay it off immediately than you are not able to afford it. Even if you are getting cashback, points or rewards. You have to evaluate every “deal” by recognizing that you are borrowing money for it. Are you willing to borrow money for this “amazing deal”? Chances are NO.

If you budgeted and planned for the shopping that you are doing on Black Friday than you are good to go! For many people, like myself, this is a chance to get things that we really need at a price that we can afford. If you celebrate X-mas or Hanukkah by giving gifts than this really can be an amazing opportunity to get the people you love things that they want.

This can also be a time to stock up on things that you may need, like clothing, winter gear or baby stuff. BUT its not worth it to buy things you MAY need if you have to borrow money on the credit card to do so. Don’t forget that stores have put lots and lots of effort into making you think you need something you don’t and into thinking you can afford things that you really can’t afford. They want you to believe that the deals are amazing- but remember: a deal is only a deal if you can afford it!

© Marcos Calvo / iStock

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