Let’s face it: many people in America are thankful at Thanksgiving because the next day is Black Friday. The deals, the sales, the dollars saved… it’s a shopper’s dream! The long lines can be worth the work when you save 50% on a flat screen for your spouse’s Christmas gift. But that competitive crowd and bombardment of discounts can actually tempt you to spend more than you should.
Here are some tips to help you get through Black Friday, so you can be thankful that you had a plan, saved money, and got what you needed:
If shopping on Black Friday doesn’t seem like a worthwhile event, but you still want to save money, consider talking to your friends and family about options besides gift-giving. For example, you could get together and see a play or plan a day trip. These kinds of events and plans can help you stretch/defer gift-giving, so all the money doesn’t have to be spent at Christmas.
If you don’t have a budget in place, talk to your Money Coach at 888-724-2326 to get helpful tools and resources for holiday spending.
If you’re trying to get better finances, consider the following action steps. Step 1: Try something simple that can help you boost your finances, and turn it into a daily or weekly habit. For example, putting your change in a jar to save up for something special. Step 2: Track how you spend your money […]
This holiday season, many mall-bound Americans will probably shop, not realizing just how much they’re spending until it’s too late. Over $600 billion was spent during the winter holidays last year,1 and the average American spent $766 alone for online Thanksgiving items (not including travel!). That’s a 21% increase from the previous year!2 Don’t let […]
Did you know that yearly expenses for a pet can cost from $200-2,000 and sometimes more, according to the ASPCA? Welcoming a pet into your home has an impact on your finances. The following table, presented by the ASPCA, calculates the probable costs for common pets per year: 1. Premium brand dry kibble 2. Exam, […]
Once you’ve created a budget with your Money Coach and started to take better care of your finances, you may find some extra cash in your pocket each month. It’s like the good ol’ days when your grandma used to send cards with cash in them. But take care! Don’t let the excitement of extra […]