Comment on Black Friday: Shop it or skip it?

Black Friday: Shop it or skip it?

A solid 70 percent of Americans plan to shop on Black Friday this year, according to a recent NerdWallet study conducted by The Harris Poll. But the nature of a day centered around shopping can almost inevitably lead to overspending. Here are three ways to tell whether participating in Black Friday is really right — or actually wrong — for you. CONSIDER WHAT YOU’RE BUYING: Black Friday, the day after Thanksgiving, is known for long lines, big crowds and low prices. And while the shopping holiday often does deliver unbeatable deals on things like electronics, certain items are cheaper at other times of the year. Clothing is generally a bargain on Black Friday, but some clothing reaches its lowest price off-season, according to Charlie Graham, founder and CEO of Shop It to Me, a sale alert app. “If you’re really penny-pinching, you can find better deals when items go on clearance outside of Black Friday and Cyber Monday,” Graham says of some apparel. Think buying swimsuits at the end of winter or sweaters in the middle of summer. TIP: Consider the items you want this Black Friday and write them down.

 

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