After Thanksgiving dinner, what do you do? Do you clean up and help with the dishes? Do you sit around and talk to family? Do you watch football? Or do you head out shopping, hoping to score a few Black Friday deals? Before you shop, make sure to do your research. Those Black Friday sales events might not be as great as you think.
20%, 30%, 50% Off!
In the weeks before Black Friday, stores release their lists of door-buster discounts. Often they'll advertise popular items for 50-75% off. However, shopping experts warn that it's foolish to plan your holiday purchases around those door-buster deals. Often, a store will only have 10 or 15 of an item available. Most people lining up in the pre-dawn cold won't see those deep discounts. Meanwhile, many other products actually rise in price on Black Friday. Retail prices of watches, jewelry, televisions, and popular toys go up during the holiday season. That means that 30% off on Black Friday may actually end up costing you more than a 25%-off sale offered the week before.
After tracking prices year-round, some shopping experts have concluded that Black Friday doesn't offer the best deals on anything. Watches and jewelry are at their least expensive in March. Televisions drop in price immediately after the Super Bowl. Toys are cheapest in the two weeks before Christmas. Boots are at their lowest non-clearance prices in September and October. If you enjoy Black Friday sales and the thrill of shopping in a crowd, you may still want to hit the mall after Thanksgiving for the fun of it. Just do your research before you go, so you can tell if the deals you see are true discounts.
Watch the following videos for more about the tradition of Black Friday and tips to avoid over-spending during the holidays.