BBB tips to avoid a stressful Black Friday weekend
Monroe, LA — Black Friday is considered one of the biggest shopping weekends of the year. Millions of shoppers, having researched for weeks, visit their favorite retailers and wait in line for hours to score big and save money on their holiday wish list items.
According to the National Retail Federation, 147 million people plan to shop Black Friday weekend. Additionally, in a survey conducted for NRF by BIG insight, 70.4 percent of adults said they plan to spend more, or at least the same, as they spent last year on holiday shopping.
Better Business Bureau has these tips to help consumers save time, stress and money on this busy shopping weekend:
- Plan ahead. Take time to printout or clip ads for items you are interested in buying to help outline your shopping day in advance.
- Create a budget. Know whom you are buying gifts for and how much you are willing to spend. As you buy gifts, keep track of the cost and avoid impulse purchases to prevent over-spending.
- Research products. Just because an item is in high-demand and being offered at a low price, doesn’t mean the product is worthwhile or right for you. Thoroughly research any product you’re interested in purchasing to see how it is performing in the marketplace.
- Don’t be misled by tricky advertisements. Read the fine print on all advertised sales to make sure you are truly saving money, and bring the ad with you. Watch for discrepancies in advertised prices and the prices on the shelf. Verify the real price before checking out.
- Ask about return policies. Many stores have a30-day return policy, but it is important to read the terms and conditions associated with each purchase. And remember that the refund policy usually applies to the day you purchase the item not when you give the item as a gift.
- Think twice about store credit cards. Some retailers will offer additional savings to entice consumers to sign up for their credit card. However, these cards often times carry high interest rates or annual fees. If you do not plan on shopping at a particular retailer very often, the credit card might not be financially beneficial for you.