Josh Elledge - CEO, UpMyInfluence
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How to Score Black Friday Deals on a Tight Budget
With Black Friday and Cyber Monday only days away now, I want to give a few tips to those who don’t have a lot of cash to spend during the biggest savings event of the year.
Make a List
First of all, make a list now of the items you want and/or need that could potentially be on major markdowns this week. If you’re on an extremely tight budget, only put items you truly need on the list.
Examples would be kitchen appliances and homegoods you may have gone without for a while. Technology is another one to consider — do you need any tech upgrades for your phone or laptop? Remember, even parts for these items are going to be priced lower for Black Friday.
If you can make home repairs or upgrades to any of your devices, seek out individual parts rather than whole new items.
Shop Ahead and Competitively
Retailers are already teasing items and doorbusters now. Start shopping online for the best deals for the items you need and have them bookmarked. Remember, this year Black Friday will also be largely virtual. If you spot a deal that's offered this entire week, don’t wait until Friday to buy them.
If you see items within your budget and on your list, don’t hesitate. With supply chain issues ongoing, don’t wait if you see what you need now, because they may run out by the end of the week.
Set a Firm Budget
Honoring a firm budget is difficult during big savings events where you might be tempted to splurge a little more. If you know you’re on a tight budget, honor that and stick to the budget you set. Remember to stick to the list you made and avoid shopping off of it, too.
Remember that this is also an opportunity to shop for holiday gifts, so leave room on your list and within your budget for these types of items.
Don’t Forget Cyber Monday
If you’re working on Black Friday or don’t wish to shop in person, Cyber Monday is a massive savings event on its own. Start looking at online retailers, or retailers who also offer Black Friday deals, and plan accordingly.
Many online retailers will tease Cyber Monday deals in advance, too, so look around now for the items on your list. Remember, Cyber Monday also has early doorbusters, so plan to spend a little time shopping online on Monday morning.
