Sheri here –
Thanksgiving is just around the corner; but overshadowing it are the holiday shopping ads AND the big kick off: BLACK FRIDAY.
Traditionally, the retailers make about 40% of their sales in the last couple of months of the year. And Black Friday is one of the biggest shopping days in the brick and mortar stores and online.
EVERYONE rolls out their best deals.
Some stores will open late on Thanksgiving afternoon and you can shop online anytime. That can be a blessing or a curse.
As you may know, I worked in the retail industry for a long time – in a Corporate Finance Organization and the holiday sales were nurtured. The numbers were closely watched, starting on Black Friday through the after Christmas Sales.
If you are a business owner, you probably already have a holiday sales plans in place to entice your customers to grace your business with some of the money they will spend this year.
Right after Black Friday is Cyber Monday, where the online shopping sales abound.
Frankly, it can all be quite overwhelming!
Create your holiday shopping plan
Now, is the time for you to plan your holiday shopping strategy. Use Black Friday and Cyber Monday to YOUR advantage. That’s right PLAN is the operative word. Create your plan to harvest the best bargains you can, preserve your sanity and nurture your pocketbook.
You might want to use a gift budget worksheet to help plan both your giving your holiday entertainment plans.
Money strategies for Black Friday
Here are a couple of quick ideas to help you do a little advanced planning for Black Friday.
- Decide on your budget before you start and stick to it!
- Spend cash or use your debit card and avoid building credit card debt.
- Make a list of what you are looking for and the people you are shopping for.
Have a great week!
P.S. If you’d like more tips for saving money, download my free eBook “101 Ways to Save Money”. Just click this link.