Black Friday

Black Friday - We're all in line or online, with credit cards in hand, because of it. Where did Black Friday come from and how do you spend wisely during it? We’ve got some tips to help you spend wisely and come out a winner this Black Friday.

Black Friday originated in the United States and traditionally marks the start of the holiday shopping season. It falls on the day after Thanksgiving and often involves significant discounts and promotions from retailers, both in-store and online.

The term "Black Friday" is believed to have originated in the 1960s, referring to the idea that retailers move from being in the red, operating at a loss, to being in the black, operating while making a profit, due to increased sales.

As it relates to debt, It's important to be cautious with Black Friday deals to avoid accumulating unnecessary credit card debt. Set a budget and stick to it. This will help you manage your expenses wisely.

Enjoy these 10 tips to help you spend wisely during Black Friday:

1. **Set a Budget:** Determine how much you can afford to spend and stick to that limit.

2. **Make a List:** Identify the items you genuinely need or have been planning to purchase.

3. **Research Prices:** Compare prices across different stores before making a purchase to ensure you're getting the best deal.

4. **Prioritize Purchases:** Focus on high-priority items rather than impulse buys.

5. **Look for Deals Early:** Some Black Friday deals start before the actual day, so keep an eye out for early promotions.

6. **Use Cash or Debit:** Consider using cash or debit cards to avoid accumulating credit card debt.

7. **Check Return Policies:** Be aware of return policies in case you change your mind about a purchase.

8. **Online Shopping:** If shopping online, be cautious of shipping costs and delivery times.

9. **Avoid Impulse Buying:** Stick to your list and resist the temptation to buy things on a whim.

10. **Stay Informed:** Sign up for newsletters or follow social media accounts of your favorite stores to stay informed about upcoming deals.

Remember, the goal is to make purchases that align with your needs and budget, rather than being swayed by the excitement of discounts.