With Black Friday finally here, the temptation to surrender to the shopping gods is sometimes too hard to resist. For many, it is an opportunity for tactical early Christmas shopping and receive mega discounts from some of our favourite brands. Many will be sitting on their phones and tablets deliberating over the extra pair of shoes that they may (or may not) need. Behold, we want you to maximise your spending and saving and here are some of our top tips to make the most from Black Friday deals.
It’s only a saving if you were going to buy it anyway
Do not give into the lure of Black Friday sales and spend just for the sake of spending. If you desperately needed a new pair of trainers or jeans, then this is a sensible time to buy. However, if you are now buying things that you never considered, this is where you are going to get sucked into the Black Friday deals and spend more than you needed to.
Ways to avoid impulsive spending including setting yourself a budget of x amount and not leaving the house with any more. Equally, you can prioritise various things such as gifts or a new jacket, and therefore not give in to any other temptation.
Good research online is key to maximise your savings on Black Friday. It is worth looking at a range of different websites because the actual deals and savings available will range from retailer to retailer. In fact, some retailers will also match prices too – so if you want to buy everything in one place such as John Lewis or Debenhams, be sure to check their price match policy.
If you are a keen Amazon customer, use free comparison sites like camel camel camel which can show you if the same product is cheaper elsewhere.
If you find that you are doing a large order with one specific provider such as Amazon or ASOS, try using your cashback account too. There is no reason why retailers will not include cashback and this could give you an extra 5% on your overall savings, which on a £1,000 purchase would give you £50 back into your account (source: allthelenders).
Buy online, give yourself space and time
One can feel pressured to buy on the spot when in a beautifully decorated store. But if you buy in person, you may not know whatever deals are available elsewhere or if further discounts are available online. Take time and buy online – this is a good mantra!
Treat products with caution
Some products, specifically tech and electronics, will be cheaper on Black Friday for a reason. Maybe because they are outdated or very unknown brands – but again, this should not be something that you should be drawn into. Consider the life cycles of various tech products like mobile phones, speakers and headphones and if new ones are being released in January or early next year, they will likely fall in price anyway and by even more than the Black Friday discount.
In addition, be cautious of any counterfeit brands trying to jump on the Black Friday bandwagon. New websites and adverts will pop up on your Facebook and Instagram but do not be seduced. Be sure that they are not too cheap for a reason (such as being knock-offs) and make sure that any website you use is secure.
Check the return policy
It’s one week later and you’ve received that you bought shoes that don’t fit well and you have completely overspent on pretty much everything. Before any large purchases, double check the returns policy since some companies may not accept returned items that were purchased on Black Friday. Check what options you have available to you in house you want to return any goods.
Some of the best deals:
John Lewis: Will be price matching any deals you see from any other retailers.
Nike: Will be discounting all of their shoes by 30% this Black Friday
KFC: Will be handing out free portions of chips if you download their app