Looking for ways to save money this holiday season and payoff credit card debt? Doing some research ahead of shopping can be a great way to prepare. Read through these Black Friday news articles to help your gift budget stretch.
- J.C. Penney posts Black Friday ad with deals on small appliances, clothing, Disney toys by USA Today
- Kohl’s, Macy’s turn to pop-up shops and Instagram-worthy displays to try to win the holidays by CNBC
- Target kicks off its Black Friday deals this week by CBS News
- The best Amazon early Black Friday deals: Here’s what’s hot by CNET
- How to Find the Best Black Friday TV Deals by Wirecutter
How to Use Black Friday News to Stay on Budget
Now that you have some Black Friday news articles, it’s time to put all that research to good use! Holiday debt does NOT have to be your reality. You can take precautions to help you avoid consumer debt.
Here is a great list of ways to stay on budget this holiday season:
- Make a holiday shopping budget. Track and manage all your seasonal expenses. Examples of these expenses include food, gifts, & special events. Determine how much you want to spend and what you do spend in each category. The goal is to stay as close to your budget as possible.
- Use the right payment method. Use cash, debit cards, or checks to make your purchases for the holidays. Spend only the money you have. Avoid using credit cards. This will prevent you from racking up large bills with high interest. You don’t want to spend the new year paying off unnecessary debt.
- Create a checklist. Plan a list of gifts ahead of time for your friends & family. Don’t buy to buy – only buy what someone wants. Buy them before the holiday rush. Always carry this checklist with you when shopping. Don’t be tempted by flash sales and bargains. This way, you will only purchase what you need.
- Challenge yourself. Giving feels good, but don’t overspend. Try spending less than you did last year on holiday shopping. Scope out deals & eliminate unnecessary purchases. Do not buy extra things just because you know that person will love them. Remember, it’s the thought that counts!
Take these tips and news articles with you as you plan for your holiday shopping needs!
If you struggle to pay off debt, ACCC can help. Schedule a free credit counseling session today!