Hey, friends! Today we welcome back Kyle, our semi-monthly contributor from Rather Be Shopping, who has for us today a valuable post on Black Friday shopping. Thanks, Kyle!
I have to admit that I use to shop on Black Friday regularly. Inevitably, I would wake up at 5 a.m. and head for the mall with a few items on my “want” list. Sometimes I was successful, but more than not, I came home empty-handed and really saddened by humanity. But I did learn a few things. In particular, I learned that some items are terrible buys on Black Friday. Here are five of the worst.
~ Name-Brand Televisions
While the Black Friday ads are pumped full of door busters on new TV’s, the truth of the matter is that most stores only have a handful to hand out. After those are gone, the deals aren’t that great especially on name brand models. If you do finds deals, they will almost always be on 3rd tier brands that you’ve never heard of.
If you are in the market for a new TV, your best bet is to wait until mid to late January as stores try to take advantage of the buzz around the Super Bowl by offering some big discounts and coupons.
~ Digital Cameras
New camera models come out in February, which always encourages retailers to clear out inventory in January and early February. The result? Big sales on last year’s model, up to 50% off if you do your research. So if you can be patient and wait, avoid looking for deals on cameras on Black Friday and get a better deal early next year.
~ Toys, Yes I Said Toys…
This one actually makes a lot of sense from a supply and demand perspective. Parents often go armed with a toy buying list on Black Friday looking to find a deal on the “hot toys of the season”. Well, guess what? Retailers are quite aware of this and tend to not offer big toy discounts on Black Friday and play on the fear of parents who are concerned they might not find the “hot toy” before retailers sell out. Hence they are more than willing to pay full price.
Your best bet? The price tag on toys notoriously goes down as we get closer to Christmas. If you can be patient, you’ll get the best price on toys during the week leading up to Christmas morning.
~ Christmas Decorations
While Christmas decorations might not be at the top of many Black Friday shopping lists, they can often creep up on you in the form of impulse purchases. Things like the crystal nativity scene you notice when standing in line or the cute ornaments you can’t live without. Keep in mind that they will almost always carry a full retail price tag. These impulse purchase can really blow your budget if you’re not careful. Obviously, your best bet is to buy for a HUGE discount right after the holiday as stores are clearing out inventory.
~ Exercise Equipment
Research at Rather-Be-Shopping.com over the past five Black Friday’s has shown that deals from stores like Sports Authority and Dick’s Sporting Goods are not much different than the rest of the year. The best time to buy a treadmill, weight set, or elliptical machine is in late January when many people have given up on their New Year’s resolution of losing weight or getting in better shape. Shop Craigslist or second-hand stores like Play-It-Again Sports for the best deals.
My absolute favorite way to find great Black Friday deals without leaving the comfort of your warm bed is to shop on eBay a couple days later. Many wanna-be entrepreneurs snatch up the door busters only to turn around and sell their loot on eBay for a small profit. If interested, I recently wrote in detail about this Black Friday hack.
About The Author: Kyle James operates Rather-Be-Shopping.com which has been helping families save money with coupons since 2001. He also writes a Blog which talks about creative ways to make your money go further every month.