If you’re the type that waits until the last minute to buy holiday gifts for friends and family, you may want to consider Black Friday shopping.
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That’s because Black Friday promises deals and sales on everything from travel to technology at big box retailers across the country. So what deals are worth seeking, and which ones should you skip?
Tablets and the latest-generation smartphones may be all the rage, but, for many of us, a laptop still qualifies as a top gift. If you’re in the market for a new one, then Black Friday is your day. That’s when you can see significant savings across the board, such as 11″ models as low as $99 and larger 15″ screens for around $300. 1
2. Electronics and Gaming Consoles
Looking to score an Xbox , but need a larger TV to accommodate its high-def graphics? You’re in luck. On Black Friday, both are expected to be on sale. 1 Savvy shoppers can expect to find deals on large-screen TVs. Gamers will likely find good offers on “bundles” or a game console plus games and accessories.
3. Video Games, CDs, DVDs
If you need a few lower-priced gifts, plan to video games and DVDs. 1 Most major retailers are expected to slash prices on these items. You’re likely to find Blu-ray titles and video games much cheaper.
4. Household Appliances
While a new dishwasher might not be at the top of some folks’ wishlists, the household appliance bargains can’t be denied; with some models even being listed at 40% off or more. 1 Be on the lookout for large appliances such as washers and dryers, dishwashers, refrigerators, ovens, and even quality coffee makers, which will be dropped in price.
5. Hotel Rooms and Resort Stays
While the holidays are a time many folks are thinking of staying home with family and friends, it might behoove some to indulge in a little wanderlust. That’s because discounted hotel rooms and resort stays are typically offered for a limited time between Black Friday and Cyber Monday. 1 In 2015, Orbitz offered 20% off hotel rooms booked over the Black Friday and Cyber Monday weekend, and Marriott ran promotions offering 25-30% off rates at select properties. Before you book, however, make sure you read the fine print, as there are often select windows of time in which you must travel.
Don’t Forget Cash-Back or Rewards Items
In an ideal world, everything on your loved-one’s wish list would be on sale. Sadly, that’s not the case. The good news? You can maximize your spending on non-sale items by using a cash back credit card to get a better return on your purchases. Whether your item is “on sale” or not, with a rewards credit card, you could save bit on your purchases.
What to Beware of on Black Friday
With deals in almost every aisle of the store and promotions across retailers’ websites, it’s hard not to get caught up in the potential Black Friday savings frenzy. One area in which to proceed with caution: buy one, get one free promotions. Unless the buy one, get one promotions are for something on your list, keep in mind that even with the so-called savings, if you end up with something you or your gift recipient will never use, it’s money lost.
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What Not to Buy on Black Friday
Avoid purchasing winter gear, like apparel. While you may find a few discounts, they won’t be as great as what will likely be offered in January, February and March when winter clearance sales occur to make room for newer inventory. 1