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Tips to Surviving Black Friday: What You Need to Know

By Elizabeth Fountain
November 24, 2021

Black Friday is a great time to save money, but the crowds and chaos can be overwhelming.

If you want to avoid the stress of shopping on Black Friday, then you should consider shopping online instead. It’s much easier to find deals from your couch than it is in a packed store.

But if you do shop in stores for Black Friday deals, make sure that you know what to look for before going into battle with other shoppers. Forward360 has compiled this list of tips so that everyone can have a more enjoyable experience during one of the most anticipated days of the year!

Set a budget – and stick to it!

Black Friday is a great opportunity for you to purchase the items that you’ve been wanting, but it’s also easy to lose track of how much money you’re spending.

One way to save yourself from getting overwhelmed with all available products and deals is by setting a budget beforehand. This will help keep your finances in check so that you know exactly where your money will go!

Explore some of these apps designed specifically for money management, making it easier than ever before to set a budget for purchases and stick with it!

Our top picks:

Pocketbook helps you to save smart and spend even smarter by giving you the tools to budget properly for bills and expense tracking. 

Pocket Book App

Frollo Set up a budget in minutes and match to your pay cycle. Frollo will track your progress so you’re always on top of your finances. 

Frollo Budgeting App

Money Brilliant Organising your money has never been easier. Spending reports, cash flow, bills, budgets, tax deductions, comparisons, money saving tips.

Money Brilliant

Humaniti categorises your spending, from groceries, to eating out, utilities, clothing and more.

Humaniti

Plan your Black Friday purchases ahead of time

Black Friday shopping can be a lot of fun, but it’s important to plan ahead so you don’t overspend.

The deals are great and you want to take advantage of them all! But if you’re not careful, the deals will get the best of your wallet.

Listing the specific items or products you are interested in purchasing and setting a budget is a good way to avoid overspending.

Don’t buy things you won’t use

A lot of people go out there and buy whatever strikes their fancy without thinking too much about what they’re really getting themselves into, you might be feeling the pressure to buy things you don’t need. Buying things impulsively without thinking of the consequences can be expensive. When you feel pressured consider whether or not an item might be worth it before committing those hard earned dollars first!

Only spend money you’ve put aside for Black Friday

It’s easy to overspend on Black Friday.

Many people get carried away with the hype and end up spending more than they can afford. This is especially true for those who don’t have a plan or budget in place before shopping. 

Put money aside just for Black Friday shopping and you won’t be tempted by impulse buys, nor will you spend more than planned. Set your limit ahead of time and stick to it! You’ll save yourself from financial stress after the biggest sales event of the year.

For more money management ideas, book a chat with one of our financial professionals to find out all you need to know about smart money management.

Elizabeth Fountain

Financial Advisor

Elizabeth Fountain has over 7 years of experience in the finance industry. Elizabeth’s goal is to make a difference every single day, and work alongside clients to transform hard work into real financial value. Whether you're an individual or couple on the road to financial freedom, Elizabeth will listen closely to your needs and find the perfect solution focused on your wealth and lifestyle goals.

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