Black Friday 2018

Wednesday 21 November, 2018 Money Advice

Black Friday falls on 23 November this year, however, many retailers will be advertising ‘black Friday deals’ in the days leading up to the main event, Black Friday itself. This Black Friday, shop smarter, not harder! Don’t let yourself get sucked in by propaganda that appears online and in shop windows etc; instead be a man with a plan (or woman). Get those blinkers on and shop only for the things you need, you can fill two needs with one deed and shop these deals for your Christmas presents and save yourself a small fortune. With a little planning and research, you can get the most from the Black Friday Sales.

Create a shopping list

With a drastic increase in internet usage over the years, it is estimated that 98% of the UK’s shoppers plan to buy online as this is where you can access the best deals. Whether you choose to face the Black Friday frenzy in town or maybe you’d rather shop from the comfort of your own home, be sure to write a list of all the things you wish to purchase and stick to it. Sometimes it is hard to bypass a bargain when we see one, but we must remain strong and fight that urge to splash the cash; it’s about reminding ourselves of the difference between a want and a need.

Research the items you want to buy

Once you have your list completed you should begin researching your items well in advance to save yourself from making an impulse buy on something that you will regret. By doing this you can compare different brands that make these items and educate yourself on the reviews to ensure you get the best value for money. Which? Is a website which allows you to read product reviews to help make the best decision and see which products rate the highest.

Create a wish-list

Many websites will allow you to add items to a wish-list which keeps for a certain period of time. By creating a wish-list, by the time Black Friday comes around all the hard work is done and you have more of a chance of bagging the items you wish for. All you will have to do is access your wish-list and browse the items in it to check whether or not these items have been reduced in the sale. This way you’re avoiding a lot of the traffic onsite and have less chance of spending money that you don’t actually have as you are avoiding all other offers that flood the websites.

Focus on the price

Often in a sale it is so easy to get distracted by large percentage reductions which are usually size 52, Bold, Underlined, Italics on the display page of most websites. In this instance we must remember to pay attention to the price and not the saving! Sometimes it is easy to get caught up in the moment because something appears as a ‘bargain’ or ‘too much of a good deal to miss out on’. Do not be fooled. The purpose of Black Friday from a shopper’s perspective is to save money on goods that we would have paid full price for. Don’t assume that a deal is worth it just because of the big, attention grabbing sign. Most importantly, whether it is a bargain or not, make sure you stick to your budget! If you need help making one, you can read our blog on the best budgeting apps of 2018.

Which stores will be taking part?

Although we cannot predict exactly which stores will take part in this year’s Black Friday sale as every year the list of stores partaking grows, we can make an educated guess based on previous years and by pages which have already begun their sale. Some of the most popular stores which take part are;

  • Amazon
  • ASOS
  • Boots
  • Curry’s PC World
  • Topshop
  • Sky

From this small list we have access to discounts on technology and electrical appliances, cosmetics and beauty, clothes and even household utilities.

This Black Friday shop smart and save your bank balance!