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Top 5 Tips to Get the Best Online Deals on Black Friday

Top 5 Tips to Get the Best Online Deals on Black Friday

With Black Friday just around the corner, we are all looking to save big this Christmas. Since Brexit, the UK has seen prices slowly rising – or in the case of the Toblerone, products shrinking – meaning we could be facing one of the most expensive Christmases on record.

Traditionally an American holiday, we inherited Black Friday back in 2013 and through the physical fighting for TV’s and sleepless nights staring at loading screens – the country will be needing deals more than ever.

From previous years of Black Friday chaos, we all know that the high saving products sell out the quickest. The demand for deals is so high that retailers have now taken to starting their sales more than a week early and offering special quick-fire deals each day leading up to Black Friday. In the retail rush of Black Friday here are some quick tips to help you bag the deals you need.

1. Be Prepared

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    Black Friday is not for the last-minute impulse buyers, being prepared will get you exactly what you want and the more preparation you do before the less likely you are to encounter the dreaded site crashes and ‘sold out’ signs.

    Before Black Friday, make lists of products you need, their retailers and your budget is a perfect way to make sure you don’t overspend and stray off to products you may not need. Having the knowledge of the retailers you want to shop with before the day gives you the chance to create any accounts and sign up to e-mail updates or notifications if you choose to use apps to shop.

    2. Be Aware

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      In the lead up to Black Friday, there have been many reports of scams and hidden terms and conditions.

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      The best way to fight these are to make sure you know the website you are buying from is safe. Check that there are no hidden fees and that the returns policy is still the same as it usually is.

      3. Be Quick

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        The early bird certainly catches the worm when it comes to Black Friday. Many retailers start their online deals at midnight and to catch the best deals may mean refreshing the pages a few times until you get through.

        Last year online transactions peaked at 00:04 on Friday, however at 3am sales dropped off, leaving many deals still available and no site crashes to slow your purchases.

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        4. Be Patient

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          Something you are going to need a lot of on Black Friday is patience. If you are joining the early morning rush of shoppers, expect those websites to crash a lot of times.

          Not only do you need patience on Black Friday but also knowing that Cyber Monday is just around the corner and what items you aren’t successful in on Friday could re-appear on Monday

          5. Be Online Savvy

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            Gone are the days of in-store shopping. Online is dominating the retail market and 2016 is the year that Black Friday has worked to push its online presence.

            Once you know what retailers will be offering online discounts, you can start downloading apps, searching for additional discount codes and spend time going through comparison sites. The possibility of online shopping is endless and most importantly you don’t even have to get out of bed.

            Conclusion

            All in all, Black Friday is set to be huge this year. With the UK seeing rising prices after Brexit and the US reeling from their new President, people are going to be shopping hard this year.

            Christmas may be a tough time for many people’s wallets meaning more and more will revert to Black Friday for saving money at the festive period in 2016. Get prepared for the digital mayhem that could ensue and be ready for the perfect deals.

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            More by this author

            Jess Melia

            Jess is a passionate writer and journalist. She shares about motivational and learning tips on Lifehack.

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            Last Updated on July 20, 2021

            Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

            Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

            Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

            Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

            Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

            In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

            Break Free of Your Finances

            Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

            When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

            Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

            Though it seems hard to believe, it is really very simple to get financial freedom.

            To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

            While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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            Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

            1. Stop Unnecessary Spending

            We often spend money inwardly, instead of objectively.

            For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

            To stop this habitual spending, log down all your spending over the course of a month.

            Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

            This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

            2. Plan a Monthly Budget

            This is a great opportunity to get serious.

            Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

            Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

            3. Cut-up Credit Cards

            Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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            If not, you may want to consider ridding your life of the burden that credit cards bring.

            Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

            Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

            4. Increase Savings

            There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

            It’s good practice to save up to 15% of your income.

            Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

            Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

            5. Invest Wisely

            Consider investing in funds.

            Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

            To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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            Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

            6. Invest in Gold

            There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

            You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

            Another way to invest in gold is through ETFs (Exchange Traded Funds).

            These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

            With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

            7. Stash Emergency Funds

            Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

            If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

            Make it hard to get your cash.

            Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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            8. Find Fabulous Mentors

            Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

            If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

            There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

            9. Be Extra Patient

            Patience is the key of financial success.

            Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

            So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

            Financial Freedom for All

            Anyone can achieve financial freedom, regardless of their financial circumstance.

            Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

            Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

            Featured photo credit: rawpixel via unsplash.com

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            Reference

            [1] Hartford Gold Group: IRA Retirement Accounts

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