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Common Black Friday Shopping

Blunders

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Since the early 2000s, Black Friday has supplanted the Saturday just before Christmas as the busiest shopping day of the entire year. There are several

reasons why Black Friday draws in a lot of consumers. First, it is the beginning of the Christmas shopping season and secondly, many significantly discounted items are offered during this time. For example, it is not surprising to find Black Friday TV deals where units are sold at 40 percent less of their suggested retail price.

Get updates on black Friday TV deals this 2012 here. The objective of Black Friday is to encourage customers to check out the stores and purchase items that they may or may not need. Once you are inside the store, it is very easy for you to make costly mistakes. Here are some common Black Friday errors so you can avoid making them yourself. Blunder #1: Shopping without a solid plan Heading to stores during Black Friday with no idea of what you would like to purchase can lead to you losing a lot of money because you will be coaxed into purchasing things that you do not actually have need for. Mistake #2: Not deciding on a budget Even with having a well-thought-out list of things to buy, you can easily get caught up in the shopping spirit once you see other deeply marked down items. Therefore, besides having a list of things to buy, you must also establish a budget and actually stick to it.

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Blunder #3: Getting a higher priced substitute Stores will not be able to make money by selling $300 LED TVs the whole day, which is why many of them only offer limited supplies of deeply discounted items. Once these door busters are gone, stores typically present you with other products, which are still marked down, but still are pricier than the one

you want. Simply put, if the door buster is gone, do not buy the higher priced alternative. Mistake #4: Spending for expensive and unnecessary warranties A lot of stores offer overpriced extended warranties as a hedge against damage. But, you should bear in mind that most appliances and electronic devices are already sold with 1-year

warranties. Research your warranty options to avoid paying needlessly for a redundant warranty. Mistake #5: Neglecting exchange policies In most cases, you can't exchange a purchased item for another after the Black Friday sale is over, even if they have the same amount of discount. So make sure that anything you get at a Black Friday sale is a product you truly like because getting a replacement usually costs a lot of money. Blunder #6: Disregarding little deals Do not simply search for door buster specials. Lining up for several hours to save $100 on a laptop is not really a great deal, if it means passing up on the chance to save 500 dollars from other products elsewhere.