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8 Simple Hacks to Be a Black Friday Power Shopper

8 Simple Hacks to Be a Black Friday Power Shopper

In case you didn’t already know, this year, Black Friday is on November 25th. Before you head out to the biggest shopping day of the year, we want to make sure you’re prepared. Whether it’s your first time Black Friday shopping, or you’re a seasoned bargain hunter, follow these sure-fire suggestions to find the best deals and have a positive Black Friday shopping experience.

Do Your Homework: Check Prices Early

While items are marked down on Black Friday, sometimes it’s hard to tell if you’re really getting that great of a deal. The whole point of the shopping event is to get unbeatable bargains, so it’s good to know how much items sell for normally.

Do some research on the items on your list. Check the weekly ads and in-store prices leading up to Black Friday, this way you’ll know if the sales are really that great, instead of making a spur-of-the-moment decision.

Use the Web

There are now several websites dedicated entirely to Black Friday deals. You can find out which stores will have the items you want, which places will have the deepest discounts, and double check which stores will be open and when.

You can also find some killer deals online, and if you’d prefer to avoid the crowds and long lines, you can do your shopping entirely online during Black Friday and Cyber Monday. Some people prefer to do their shopping online either for better deals or to avoid the craziness of in-person shopping. 2013 was the first time Cyber Monday overtook Black Friday as the biggest shopping day, and according to this survey, 47 percent of respondents say they plan to shop on Cyber Monday instead of Black Friday in 2016.

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The great thing is you don’t necessarily have to choose. Depending on what you’re looking for and how much time you have, you can take advantage of in-store and online deals and knock out your Christmas shopping in one weekend.

Get an Early Start

Don’t worry, I’m not telling you to wake up even earlier on Black Friday. Instead, take advantage of stores that open their doors to shoppers on Thanksgiving. If you don’t have any post-dinner plans, you can score some early bargains.

Also, some places have Midnight Madness, where they open their doors at – you guessed it – midnight. Check your local ads to see which stores in your area will open for Thanksgiving and/or Midnight Madness.

Stick to Your Budget

Even if items are marked down significantly, it’s still very easy to overspend on Black Friday. In 2015, the average Black Friday shopper spent $299.60. Planning ahead can help you save money instead of breaking the bank.

Make a list of your must-have items and come up with a figure you’re willing to spend. Then, take your list with you and stick to it!

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It defeats the purpose of markdowns if you go way above your budget and buy items you don’t need just to take advantage of a deal.

Have a Game Plan

Decide which stores you want to hit and plan your route before you leave the house. Keep in mind that there may be crazy traffic, and account for unusually long lines.

Most stores will send their ads out early or post their deals online. Keep up with these listings so you can prioritize where you need to go to get the items you want.

Double Check Store Policies

This essentially means read the fine print. Will a store price match? What is the return policy on sale items? Can you exchange items or do they only offer store credit?

Double checking store policies can keep you from ending up with unwanted items. Also, while Consumer Report predicts that more stores will have price-match policies in 2016, do your research, as they may not apply to certain Black Friday items.

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There’s an App for That

Navigation apps like Google Maps and Waze may help you maneuver around the throngs of people, but there are also some great shopping apps that can help you with those game time decisions.

Black Friday has a mobile app that will let you see store ads from your mobile phone or tablet, and there are some excellent price-match apps like Shop Savvy that will let you scan bar codes and compare prices instantly.

Divide and Conquer

Most people don’t Black Friday shop alone, but a savvy companion can help you hit more places in less time and find deals.

Enlist a friend to drive the getaway car, or if you go to a mall or location with lots of different stores, have him or her hit one while you take care of the other.

You may also want to enlist a companion to help you pass the time in line.

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Be Prepared

You’ve done your homework, you know where you can find the best deals and which stores you should hit, but you also need to be prepared for the unexpected. Make sure your phone is fully charged, pack snacks for long lines, make sure you have water, wear comfortable shoes, and dress in layers you can easily add or remove.

You’re in for a long night so plan ahead!

Bonus Tip: Be Safe

This one may not help you score an unbeatable deal but it will help you escape Black Friday unscathed. Use caution on the roads and in busy parking lots, don’t go to areas that aren’t familiar and watch out for fellow shoppers in crowded stores. Since 2006, there have been seven deaths and 98 Black Friday-related injuries. We know everyone is looking for a good deal, but it’s not worth getting hurt!

Follow these tips for a safe, successful Black Friday experience. But remember, it’s not all about searching for deals. Don’t forget to reflect on the things you’re grateful for!

Looking for more Black Friday shopping tips? Check out these 10 hacks to have the best Black Friday, ever!

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Featured photo credit: 1-0-1471600607127.jpg via media.lifehack.org

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Maile Proctor

Freelance Writer

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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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