Over 170 million Americans shop during Black Friday weekend.
How much does the average person spend? Roughly $335 says The Washington Post.
The biggest spenders are millennials, who spend roughly $419.52 per person.
Black Friday is a huge shopping weekend because prices are the lowest they’ll be year-round. With gift-giving season upon us, this is the best time to buy. I’m doing all of my shopping in the month of November since Black Friday prices are frequent at most stores all month-long.
Here are 10 Black Friday shopping tips you must read to save the most money!
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1. Get cash back on online purchases
To maximize your Black Friday savings, you need to use cash back websites like Rakuten.
Rakuten gives you cash back for shopping at your favorite online stores such as Amazon, Target, Walmart, TJ Maxx, and hundreds of other popular stores.
Here’s my Rakuten dashboard that shows where I’ve used Rakuten in May/June. Every little of savings counts.
Rakuten even has a free browser extension that automatically applies the best coupons to your purchases and activates cash back. There are so many times I forget to use Ebates when I’m online shopping – so the Rakuten button reminds me every time I go online shopping. It’s a must.
Yes, I actually use Rakuten. It’s effortless to use and I save money on almost every purchase I make online.
Create an Ebates account here. Make an online purchase of $25 and get $10 as a welcome bonus! So easy.
2. Get cash back on in-person purchases
Another great cash back app that you may have heard of before is Ibotta. I’ve been using Ibotta since I first became a full-time blogger and I’ll continue to use it as long as I’m shopping.
Ibotta is a free app that gives you cash back for making purchases on things like groceries, clothes, toiletries, and much more, which can all be very helpful when traveling. This is especially awesome for Black Friday weekend and the rest of the holiday season because you can save even more money. You can get cash back at hundreds of stores including Target, Walmart, Walgreens, grocery stores, gas stations, etc.
Ibotta even has a welcome bonus of up to $20 for new users! It’s super easy to redeem your welcome bonus.
How to redeem your $20 welcome bonus:
- Click this $20 welcome bonus link here. Bonus will automatically apply, no code needed. Enter your email address.
- Download the Ibotta app on your phone and complete registration.
- Redeem 10 offers within 2 weeks of signing up. Any Brand and Any Item offers are excluded from the Welcome Bonus. You’ll know if an item is under Any Brand or Any Item because underneath the photo of the item, it’ll say Any Brand or Any Item. This step gives you $10.
- Redeem a mobile shopping offer and get $5.
- Redeem a secondary welcome bonus and get $5.
If you’re downloading Ibotta on your phone, the app will ask if you have a referral code. Use Lwyxxrb and you’ll get $10 for signing up.
3. Read Black Friday Ads
I used to go Black Friday shopping with no plan at all until I discovered that there are different sales going on depending on what day and time it is.
It’s crucial that you check Black Friday Ads before you do any shopping because you need to find out exactly the best time to shop.
If Black Friday Ads never get sent to your house, no problem. All you do is type in on Google: Black Friday Ad *store name here*.
BlackFriday.com has every major store’s Black Friday ad.
For example, Michaels has a 30% off entire purchase (including sale items) on Thursday from 6PM-Midnight. On Friday from 7AM-Noon you get 25% off, Friday Noon-10pm 40% off all regular price purchases. Saturday 8AM-Noon 25% off entire puchase and Noon-10PM 50% off any 1 item.
I’m doing some serious yarn and craft shopping this Black Friday season at Michaels. I don’t shop on Thanksgiving Day, so I’ll probably end up going on Friday morning.
4. Create a shopping list before you shop
A shopping list is seriously the smartest thing you can do before Black Friday weekend.
The shopping weekend is filled with thousands of amazing deals that make buying things seem like the smart thing to do, which makes it extremely easy to overspend.
Start a shopping list by:
- Writing down a list of people you are shopping for
- Each person’s interests or things they might like
- Your maximize budget for each person
- Stick to it!
Make good use of Black Friday savings and get a gift for each person.
If you’re shopping for someone who is a minimalist and doesn’t want more things in their house, you can opt to gift them an experience instead. This can potentially make your dollar stretch much farther and make the gift even more special.
5. Create a Black Friday budget
Once you’ve created a Black Friday list, now you can budget for the shopping weekend.
It’s so easy to go overboard on Black Friday weekend, which is why it’s crucial to create a Black Friday budget.
What can you realistically spend during this major shopping weekend? What do you actually need or want to gift to loved ones?
It’s so easy to go into a store and say things like, “Oh, she’d love that, I need to get that for her, too!”
How many people are you shopping for? Maybe you want to spend $50-$100 for each person. I know some of you like to spend a lot more, so I’m simply throwing out a number.
Whichever dollar amount you choose, it’s important to stick to it for your sake. You made a promise to yourself, so commit to it.
6. Follow money-saving IG accounts
Instagram has so many amazing accounts with the sole purpose of helping you save money. I’ve found so many great deals just because of a few IG accounts! These profiles are especially helpful during a busy shopping season.
@BlackFridayAlert is dedicated to posting the latest Black Friday ad, deals, and glitches.
@TargetDealFinder shares the latest Target deals, sales, and clearance finds.
@FreeStuffFinder shares the latest deals and freebies at the most popular stores.
Also, I couldn’t NOT plug myself here. 🙂
Follow me at @fitnancials – I share fun infographics and visuals to help you save money + start a side hustle or full-time biz.
7. Honey (Finds the best discount codes online)
Honey is the BEST if you are online shopping on Black Friday.
Honey finds you the best discount codes on the internet, saving you soooo much time and money!
This is how much I love it – I went shopping on Fashion Nova the other day and pressed my Honey extension button. Honey found me a 40% off coupon. That seriously saved me SO much money by doing nothing.
Honey’s free for you to use and is a must if you shop online.
Although most things will be discounted for Black Friday weekend, you still never know if you’re getting the best coupon when you’re online shopping. Honey makes 100% sure that you’re getting the best coupon.
Sign up with Honey here (takes a minute).
8. Ask yourself 2 questions
Will I be happy with this purchase in 30 days?
Would I make this same purchase again?
This is such an easy question that I always ask myself with any purchase, especially gifts. It’s so easy to go overboard on gifts in the moment, but it’s especially important to think about the future.
I’ve bought gifts that sounded SO good in the moment, but I later regretted. I’d spend too much on an item even if I couldn’t afford it just to make someone else happy. This isn’t ideal if you have financial goals.
Instead, I do my best to buy gifts that are truly meaningful. Remember, ask yourself if you’ll truly be happy with this purchase in 30 days.
9. Shop online
I remember when Black Friday used to be insanely crazy (and even scary at times). Since retail started moving online, companies are making it more convenient and easier than ever to get Black Friday prices online.
When you shop online, you save money for several reasons:
- You lower your chances of buying random things since you’re not walking around a store.
- You can use Ebates + Ibotta to maximize your savings
- You get to see reviews of items and see if it’s actually worth buying (you can’t do this in-store when you’re trying to grab a product before someone else does).
10. Plan for the future
Do you have friends or family members with birthdays, weddings, or graduations in the near-future?
Most people think about shopping for Christmas only during Black Friday, but it’s wise to think even further into the future.
Do you need help with inexpensive (but amazing!) gift ideas? Check out the lists below.
- 25 Best Gift Ideas On A Budget
- 10 Unique Gifts For The Finance Savvy
- 10 Best Gifts For Travelers On A Budget
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What’s your best Black Friday money-saving tip?
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