Summary

• The single most important step that you can take is to create a wish list of what you really need on Black Friday.
• Students can significantly benefit from the Black Friday deals in Canada.
• It is better not to take credit cards for shopping. Try to take cash with you or prepaid cards with you.
• Invest in your future on this Black Friday and earn a $500 scholarship from Edison College.
• Black Friday sales are a double-edged sword. On the one hand, it can help you get good deals. On the other hand, these sales can easily force you to do impulse buys.
• Your decisions need to be objective and carefully taken so that you can save yourself from buyer’s remorse.

How to Find Best Black Friday Deals?

To find some of the best deals, you can use websites like RedFlagDeals and other such websites. There are also several apps that track deals; one of them is Flipp.

It can also be very helpful to track the history of products. Sometimes, retailers significantly increase the price before Black Friday in Canada and then reduce it to create the impression of a larger deal.

To resolve this problem, you can use websites like CamelCamelCamel.com to track product prices on Amazon. You can also use browser extensions like Capital One Shopping and Honey to track prices of the desired items.

However, the single most important step that you can take is to create a wish list of things that you really need. Be specific. Then make a budget for the listed items. Once you determine the maximum limit of your spending, it becomes easier to control your finances.

It is also crucial to differentiate between wants and needs. Those who do not take care of this caveat can easily get into the trouble of high debt during this shopping season of the year.

Start as early as you can. Some retailers announce their expected Black Friday much earlier. Do some research on the competitors to try to find out the ‘sweet spot’ on price and quality.

If you know the brand and you track the prices, then it becomes easy for you to decide about the purchases during this season.

How Can Students Benefit from Black Friday?

Students are usually on a tighter budget, especially those who live on college campuses and without their families. Perhaps this is why students should plan to take advantage of Black Friday deals. 

Students can significantly benefit from the Black Friday deals. There are a few items like books, software, electronic items, household items, and subscriptions that students usually require, especially if they are living in dorms.

Students can benefit from annual subscriptions even if they miss the Black Friday deals. Many companies continue to offer deals on Cyber Monday and New Year’s Day.

If you are a student and you want to visit your family in another city or you need to go to your country, Black Friday is a good time to look for a deal. You can also book Christmas vacation flights during the Black Friday time.

But just like others, students also need to do some research before Black Friday comes. They also need to be aware of the overspending trap because some companies lure customers with ‘buy now, pay later,’ and this can be very problematic for students.

How to Protect Yourself from Overspending?

Black Friday sales are a double-edged sword. On the one hand, it can help you get good deals. On the other hand, these sales can easily force you to do impulse buys.

Companies do a lot of research on marketing strategies. This is an ideal time for companies to lure customers to their stores, increase their sales, and make better profits.

It is better not to take credit cards for shopping. Try to take cash with you or prepaid cards with you. If possible, take your partner or friend with you and ask them to keep your credit with them so that you can ‘resist’ impulse buying.

Many retailers lure customers with slogans like ‘limited stock.’ Beware of these marketing gimmicks, and do make an on-the-spot decision. Otherwise you may make wrong conclusions.

Sometimes, we buy products that we do not even use once. This happens when we do not objectively analyze whether we even need this product at all. This especially happens while you are in stores and you see people picking up products right in front of you. Be careful about such sudden decisions on Black Friday sales.

Remember a lot of people get into debt traps due to impulsive shopping habits. Your financial health is important, so use your credit card carefully. No product is worth enough if it pushes you into debt.

Conclusion

It is good to make use of Black Friday sales. However, your decisions need to be objective and carefully taken so that you can save yourself from buyer’s remorse.

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