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Can you really make a saving on Black Friday?

Be clever with your cash logo

 

Black Friday sign

Out of nowhere, Black Friday has become the big day for deals. Sales here, vouchers there, it can be easy to get caught up in the frenzy.

 

The truth is, the hype behind the day is the biggest thing we’re being sold.

Many of the shops and websites will shout “BLACK FRIDAY ONLY!” and plaster huge price markdowns, but in my experience you should approach it all with caution.

 

The offers might look tempting, but more often that not, shops are trying to get you to buy stuff they can’t shift at full-price. Last year many of the deals were end of stock clearance or had already been at the reduced price for a while.

 

Be careful too of shops attracting you with show-stopping offers but very limited stock. There might not be much else worthwhile buying.

But that’s not to say you can’t make a saving and with Christmas around the corner it can be a top time to cross some names of your gift list.

I’m confident there will be decent discounts up and down the high street and online. You just need to be able to see the bargains buys from the dud deals.

Here are my top five tips to help:

Know what you want

If there are things you are looking for in particular find out where it’s on sale and what offer they’re running.

I’ve got a deals page on Be Clever With Your Cash with all the big Black Friday offers, so that’s a great place to start.

Know what you need

Yes, £50 off a cordless vacuum might sound great, but does your existing hoover do the job? And do you really need more shoes?

You’re not saving money if you’re spending it on things just because they’re in the sale.

Know what you can afford

I’m a sucker for a reduced label so I’ll set myself a budget. If it’s more than I can afford, it’s a no, even with a huge discount.

Know the price you’re willing to pay

Once you’ve made a saving on comparing your grocery shop with mySupermarket, make sure you make a saving on your other purchases too. My faves are:

  • CamelCamelCamel – Everything you need to know about Amazon prices
  • Idealo – Find the best price for most other things

Know your rights

If you’re worried about missing out on a deal, finding out the returns policy could help you buy now, decide later.

You have 14 days to return anything you buy online, but shops have different policies. They don’t have to give you a refund, so make sure you ask before paying.

Once you get your shopping home, do a little more research and if you decide not to keep it you can take it back. Just make sure you keep the receipt!

Will you be looking for deals this Black Friday?

bTkhz-qN_400x400Andy Webb shares his money saving tips and deals on his blog Be Clever With Your Cash. He writes about the best ways to make the most from your money and has just been named the runner up for Moneyblogger of the year at the Santander Media Awards.

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