Black Friday & Cyber Monday: 5 Things You Need To Know
I made my first Black Friday purchase last year (true story).
Was it planned? Nope.
What did I buy? An Instapot.
Do I use it? ……
Bri?......Okay...I’ve used it twice and once I had the setting wrong and two pounds of meatballs sat on warm for 8 hours (who’s ready for a good ole’ serving of food poisoning!?). Not my finest hour.
SO, I don’t want you to have an Instapot moment, nor do I want you break out in hives full of FOMO.
TWO THINGS YOU NEED TO KNOW FIRST:
#1. Those retailers KNOW that FOMO works my friend and they are positioning those ads to play those strings. Knowing this...puts you ahead of the game.
#2. Knowledge is power. And in this case, you gotta know before you go. If you want to make it out alive without a credit card hangover in January, this is important.
Alright...let’s get started. Here are the 5 things you need to know before you step foot into a store on Black Friday or crack open that keyboard on Monday.
#1. KNOW YOUR HOLIDAY GIFT LIST
Okay, I know. This sounds so silly but so many of us scribble out a list of people and call it a day. That means we end up coming back from our shopping trip with 1 gift and 5 things for us. This is what should be on your holiday list:
Who you are buying gifts for
The intention for the gift (what do you want to say?)
Ideas of what that gift could be
#2. KNOW WHAT THOSE GIFT IDEAS COST
This is where the sales can take advantage of you. Do your own research and compare prices to know what the item would cost if it wasn't on sale. Why? Because sometimes the marketing is so good, we think we are getting an awesome deal when we aren’t.
#3. KNOW WHAT YOUR % BREAK POINT IS
What the heck is that? In short, once you know what you want to buy and what it costs, determine how deep of a discount it needs to have before you will buy it. I know this sounds weird, but when we don’t know this…we end talking ourselves into spending more and that adds up. Know your boundaries!
#4. KNOW IF IT IS WORTH THE STRESS
Listen, I am not a parent to humans so I have NO IDEA how much pressure it can be to know your child wants this ONE THING. Pink Lady stares at me when she wants a treat and I think that is frustrating so…I’m not saying I know how it is, I’m just saying I want you to really consider if it is worth the stress navigating Black Friday sales. This is more for those who would rather be at home not those who just love the hustle of the post turkey sale (you brave souls!). And mama’s...I’m really talking to you because you are the magic makers, the doers of all things and usually the most stressed out and tired.
#5. KNOW THE NON HOLIDAY THINGS YOU NEED
What!? I know...can you even believe I’m writing this? We all have things in our lives that we need to replace or we want to upgrade etc. but we don’t do it because they cost too much and it’s stressful to do the research. This usually results in us waiting until we absolutely have to replace it and that isn't often the most convenient (flashback to our dishwasher dying and 3 months later we finally found one). I think everyone should have a list (especially if you own a home) for things that you know you will need to replace or upgrade soon etc. This list should have the item, preferred brand (if you have one) and the average price. When you have this running list...it’s easier to see when there is a sale that fits your threshold. AGAIN, determine how much you are willing to pay for these items the same as you would for a holiday sale.
THE MORAL OF THE STORY….
You gotta go in prepared.
If you find yourself saying “I’ve always wanted one of those...” or “I would probably use that someday...” abort my friend. Those are not strong enough reasons to make the purchase.
It isn’t how much you save, it’s how much you spend.
If you can’t pay for it outright or pay it off when your credit card statement comes, then my friend, you can’t afford it. And you actually aren’t getting the deal you thought you got. If you are putting it on a credit card that you can’t pay off...remove 20%+ off of your “‘deal” because that’s what you’re gonna be paying in interest.
YOU GOT THIS!
Livin’ & Lovin’