Budgeting 101 – navigating the Black Friday frenzy

While the temptation of hot deals can be hard to resist, it's crucial to navigate this shopping frenzy with a well-thought-out savings strategy.   

Here are Dodl's top saving tips to help you get more bang for your buck this Black Friday.  

 

1. Set a budget—and stick to It!  

It's like giving yourself a shopping challenge! Set a reasonable budget for your Black Friday escapades and make it a personal mission to stay within those financial boundaries. If you’re looking for some tips on how to approach your budgeting, check out our blog post.  

 

2. Be the early bird   

The early bird catches the worm, or in this case, the best deals. Set your alarm clock, grab a cup of coffee, and hit the stores or online sales early. You might just bag that PlayStation at half the price while others are still hitting the snooze button. 

 

3. Channel your inner detective  

Investigate prices before the big day. Retailers might sneakily raise prices before dropping them on Black Friday, making it look like a better deal than it actually is.  

 

4. Don't forget Cyber Monday  

The party doesn't end on Black Friday! Leave some wiggle room in your budget and explore Cyber Monday deals as well. Many online retailers extend their sales, giving you a second chance to grab that desired item at a discount.  

 

5. Team up for bulk buys  

It may be a good idea to get together with your friends or family and embark on a Black Friday adventure together. Some deals are better when you buy in bulk, so share the costs and split the loot.  

 

6. Quality over quantity  

Black Friday can be overwhelming with the sheer volume of deals screaming for your attention. Take a moment to pause and ask yourself, ‘do I really need that giant novelty teddy bear?’ Opt for quality over quantity, and invest in items that you actually need.  

 

7. Cash-in on cashback rewards  

If you're going to spend, why not try and earn a little something back? Take a look at the rewards offered by credit cards or cashback apps. It's like getting a mini rebate on your shopping spree.  

 

8. Price match like a pro  

Before jumping into your purchases, do your research – you might discover that the exact same product is offered at a more budget-friendly price just a short walk or a few clicks away.  

 

9. Dodge the deceptive deals  

Stay vigilant for suspicious emails, fake websites, or crazy offers promising jaw-dropping discounts that seem just too good to be true. Stick to trustworthy retailers, double-check URLs for authenticity, and never share sensitive information unless you're 100% sure of the source.

 

This Black Friday, take care as you venture through the jungle of discounts and deals. With a solid savings strategy, you can conquer the shopping shambles with confidence, leaving you with more money in your pocket for the things that matter.   

🔔 Though we hope this article helps you on your budgeting journey, it shouldn’t be taken as personal advice. If you need help with your finances, you should speak to a suitably qualified financial adviser.