Extramile Finance

Black Friday is around the corner. The bonanza happens to be on November 27 of this year. November 30 is declared as Cyber Monday.

Most people turn up shopping during Black Friday. It is a time of raining deals, and people deep dive into the shops and discounts. It’s been 2 full years of the pandemic hit. Hence, it would be different this year – the first time post-pandemic.

Due to nationwide lockdowns and COVID-19, the events were not the same as they were in the past. The event got cancelled during the peak Covid time.

In the UK, it is a special event. Many retailers offer different discounts on different items. But how can you save additional money even on Black Friday deals?

The right route to Black Friday

Regardless of the discounts the retailers offer, there are certainly more tips that will help you save an extra bit from your pocket.

These deals are tempting for everybody. People who do not have a job also wish to spend money here.

Nevertheless, they have no option with them. In such cases, they avail themselves of loans and shop during Black Friday. They usually avail of 12-month loans for unemployed direct lenders. Once they avail themselves of the loans, they go shopping and satiate their shopping spree.

However, it is advisable for such people to follow these tips not to spend more money as they have availed loans. If they overspend their borrowing, they will get stuck in a debt quagmire.

The below graph shows the Buyer’s shopping pattern during Black Friday:

Source: The Statista

Tips to save money

If you wish for some additional savings and discounts during this time, read the points, and implement them during your shopping.

1.Start your research beforehand

Even before Black Friday starts, initiate your research. And find out where the good discounts are available.

According to a consumer group, 25% of Black Friday shoppers do not read the reviews of the products that they are going to buy.

They indulge in impulsive shopping and shop for different products. And this, in turn, becomes heavy on their pocket, and they tend to spend more.

It is important to research beforehand and check what you want. Look for the things that they have and what is the original pricing.

2.Prepare your buying list

Making a list is very important. If you do not do it, you may end up buying stuff that you do not need.

The first task is to list down the important thing. Once this list is over, come to the things that are luxury items. Preplanning always helps to save you money.

It also makes it easier to understand your shopping pattern. Once you make a list and go shopping, you can have a backup plan if that thing is not available.

Along with the main list, prepare a wish list as well. Sometimes the main things that we require are not available. In such cases, go after fulfilling your wish list tasks.

3.Set a budget

Budgeting is crucial to shopping. And if you will not budget, you will overspend. Set a limit to your shopping and then step out of your house.

For instance, if you have set a budget of 100 pounds for two days, stick to it. Without budgeting, you may shell out extra money and end up buying unnecessary items.

Black Friday is a tempting event that can make you shell out extra money, which is not even required.

4.Use the right credit card

Credit cards are an excellent option to do shopping. But sometimes credit cards may make you shop more as you cannot see the money.

Every card has a different limit and different terms and conditions. Once you buy on Black Friday deals, use the card that gives you enough time to pay back the amount.

Also, check the interest rate that the card is applying to you. Some cards may apply a high-interest rate while others have 0%.

In this case, credit cards follow the path of private money lenders. In the UK, every lender is different and charges different interest rates. A similar trend is observed in the card industry.

5.Set up online accounts in advance

Before going to a retailer for Black Friday, set up your accounts in advance. This will help you to save your shipping details beforehand.

Sometimes, during rush hours, you need help saving your details. This can make your desired item go out of stock.

Hence, adding your billing and shipping details to your account is advisable. But you cannot be lenient here.

Set a strong password that will save you from any kind of fraud. Another tip is to keep different passwords for different retailers. Do not keep one password for every retailer.

6.Sign up for newsletters

Newsletters are an excellent way to stay updated. Not all newsletters may be the preferred way for many shoppers.

With this, you keep on getting the latest information and updates. It may be irritating sometimes to get a massive number of emails in your inbox, but you may unsubscribe once the sale is over.

Many retailers offer different discounts through their newsletters, which you may never want to miss.

7.Look out for early bird discounts

Early bird discounts are very important for every customer. This does not apply to everybody.

People who rush and contact the lender in the initial phase take benefit from it. These deals are worth running and putting in your time.

Do not take your eyes off such deals and get the best opportunity available. Due to the pandemic, these two years have made people wait longer for it. Hence, this year is the time to cover up for the past two years.

8.Check for discount codes

To have bigger discounts, keep on checking different codes. Sometimes websites offer several coupons and codes that are ahead of these black Friday deals.

They offer discounts on already discounted items. Keep track of all the social media platforms and tap them at the right time.

9.Use a cashback website

A cashback website is an integral part of these Black Friday sales. Along with the offer discount, you may get sure cashback as well. These websites are advantageous to most buyers.

Conclusion

Black Friday is an excellent opportunity to save your money and get all the things that you want. Make the best of shopping.

However, on the other hand, do remember about your savings too. Do not overindulge in overspending. If you control your spending habits, you will be able to utilise your money effectively.