3 Reasons you should Skip Black Friday Shopping

Black Friday is the day after Thanksgiving and traditionally the busiest shopping day of the year.  It has been noted as the first day of traditional Christmas shopping due to plenty of deals that are advertised. As Black Friday has evolved, stores have begun opening on Thanksgiving day and many of the sales stretch into the following week.

Although 30% of annual retail sales occur between Black Friday and Christmas, that doesn’t mean that Black Friday shopping is for everyone.  While your friends and family are checking out the Black Friday deals, I encourage you to skip Black Friday shopping this year.  Here are 3 reasons you should skip Black Friday shopping:

3 Reasons you Should Skip Black Friday Shopping

It isn’t in your budget

The first and most important reason that you should skip Black Friday shopping is that plain and simple it isn’t in your budget.  In 2015, the average consumer spent $299 on Black Friday shopping.  The figure was even higher in 2014 at a whopping $380.

Do you have an extra $300-$400 in your budget?  If not, Black Friday shopping will cause you to dip into your emergency fund or put the additional spending on a credit card.   If you do have an extra $300-$400 lying around, I am sure we can put that money to work by paying off high-interest debt and/or investing.

Related: How to budget like a pro in 20 minutes or less

You aren’t getting true deals

Sure you have checked out the Black Friday previews for large retailers online and seen a TV for 60% off but did you read the fine print?  Most of the best deals on Black Friday are doorbusters.  Typically the doorbusters are available in very limited quantities.  Therefore, you need to be prepared to wait in line for those for hours.

A study by NerdWallet found that 93% of retailers advertised items for the same exact price during Black Friday 2014 and Black Friday 2013.  Thus, the deals often times aren’t that great.  If it is an item that you really need, then you can watch the price throughout the year.

You will end up overspending

Honestly, I love getting a good deal.  That is why I try to teach you all as many deals as I can.  The main issue that I have with Black Friday is that so many retailers advertise their “good deals” that it can cause you to overspend.  In addition, the best Black Friday deals are limited.  Therefore, you may end up spending money on items that you didn’t originally shop for.

 

That is why it is so important to follow these suggestions if you are going to shop on Black Friday (or Cyber Monday):

  • Start with a Plan.  Grab a pen and paper and write down what you really need.  Do some scouting online to figure out which stores have the best deals.  Stick to your plan and only buy things that are on your list no matter what sort of deal is available.  Literally, live and die on your list even if you see something that may appear as a good deal.
  • Save your receipts.  Make sure you check the return policy for all of the stores that you shop at.  First of all, in the event the price for your item decreases, you want to be able to do a price adjustment so that you are paying the lowest price.  Secondly, in case you change your mind or find a better deal, you want to be able to return the items with no problems.  Many stores offer generous return policies for the holidays; however, it is always worth asking.  And for those stores that don’t have return policies, skip them all together.
  • Don’t be afraid to say no.  I understand that many families turn Black Friday shopping into a family outing.  You know, everyone wakes up at dawn in order to stand in line at popular retailers or to hit the outlet malls.  Although that may be a traditional outing in your family, there are plenty of other outings that your family can enjoy that don’t involve overspending.  A few outings that you can try as a family include a movie marathon, cooking contest with leftovers, or even volunteering at a local shelter.

Related: How to Enjoy Christmas without Going Broke

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Do you skip Black Friday shopping?  If so, tell us why and how you stay strong in the comments! If you are an avid Black Friday shopper, tell us how you will do better this year!

 

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16 comments

  1. I prefer cyber Monday shopping. For one, I can avoid getting trampled by the crazy crowds. Also, I’m a much better spender when I shop online b/c I can shop for cheaper alternatives and take time to think over my purchase before adding to cart.

  2. Completely with you on this Tia. If something breaks or needs to be replaced, then it’s fine to try and take advantage of black Friday, but if that’s not the case I think staying at home to eat some leftovers is a way better deal!

  3. I hate the lines and wait that comes with Black Friday anyway, but it’s true you always overspend and when you think about it, $300 unaccounted dollars most certainly could have gone elsewhere ! Thanks for the reminder 🙂

  4. So true about overspending. Sometimes thinking you are getting a good deal makes you buy all kinds of stuff you don’t actually want or need. Good read!

  5. I am skipping black Friday shopping. The amount of time you spend in lines and looking for a place to park is also valuable time you could spend doing something else. Plus I think there are better deals during the week before and after the holiday to meet store goals.

  6. Very valid points Tia. I’d recommend that anyone who does want to shop during Black Friday weekend should budget for it ahead of time. Yet and still, there are so many temptations to overspend so you have to be levelheaded.

  7. I hate the crowds at the malls and stores so I always avoid it. If I do any shopping it’s normally perusing through Slickdeals to see if anything that I like goes on sale. I really want to buy my wife a keyboard piano for Christmas so we will see if anything falls into my price range.

  8. All good reasons to not shop! I ordered a few pants for work on Thanksgiving and a tie from Target, but that’s it. I think with all the deals and promotions going on earlier in the week it made less people in general go out and shop on Black Friday.

  9. Cyber Monday is better to me in the grand scheme. Less lines and same deals.

    I did participate in black friday this time but it was towards investing in myself (classes). Would recommend that for anyone. : )

  10. I agree with you 100%! I had to stop myself from blowing my paycheck on Black Friday. I treated myself to a shirt I had been wanting a while on Lulu’s and Adobe was having a Black Friday deal on Creative Cloud, so I got that. It’s essential for my blog and my membership was up!

    Hopefully people who read this in the future will keep in mind that courtesy is always appreciated when shopping on Black Friday. I was working retail that day, and I went home in tears. Customers are so rude sometimes! Please pick up after yourself especially if you see a sales associate struggling.

  11. I love this article! I don’t do any Black Friday shopping and I don’t plan to start. I prefer to sleep in, and I do not like crowds. I would rather invest in myself and my business.

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