SOC-972_Get your budget in order before holiday season kicks off_V1-R1_1280x720_05.png

Everyday Finances

4 tips to score big Black Friday deals without overspending

Oct 29, 2024

Madison-VonSosen.jpg

Written by

Black Friday weekend is one of the biggest shopping events of the year. But it's easy to get swept up in the excitement and overspend or miss out on the best bargains. To help you score the best deals without busting your budget, here are a few tips to make your Black Friday shopping successful, stress-free, and wallet-friendly. The last thing you want is to get so caught up in the excitement that you rack up too much credit card debt.

SOC-965_5 big back to school expenses and how to save money on them_V1-R1_1280x720_01.png

1. Make a list and plan ahead

Before the Black Friday chaos hits, make a list of the items you genuinely need or have been eyeing for a while. Whether it's a new tech gadget, home appliance, or Christmas present, writing down what you're looking for will help you stay focused and avoid unnecessary purchases. This way, you can avoid the temptation of flash sales on items you don’t really need. (That dinosaur-shaped ladle may be 70% off, but be honest with yourself, your utensil drawer is already overflowing). 

SOC-708_WTFinance What is Debt Creep_V1-R1_1280x720_04.png

2. Do your research

Once you have your list, take some time to research which retailers are offering the best deals on those items. Businesses often release previews of their Black Friday deals, allowing you to compare prices ahead of time. This way you can be sure that you’re getting the best deals on the items on your list.

Sign up for store newsletters and loyalty programs, as many retailers give exclusive early access or additional discounts to members. With a little preparation, you'll know exactly where to shop and when, saving you time and money on the weekend.

SOC-965_5 big back to school expenses and how to save money on them_V1-R1_1280x720_02.png

3. Get all your Christmas shopping done

One of the best ways to save money on Black Friday is to use the weekend to get all your Christmas shopping done. Retailers offer big discounts on everything from electronics to clothes, toys, and home goods. This is a great time to buy everything on your holiday list. By knocking out all of your holiday shopping in one go, you’ll avoid the last-minute scramble (and overspending) that often happens closer to Christmas.

24_SOC-526_FinancialAdviceFromFathers_Blog-Interstitials_V3-Main.jpg

4. Set a budget

Before you start shopping, set a budget for how much you can afford to spend on Black Friday, especially if you’re shopping for Christmas presents. With so many deals, it’s easy to get carried away, but by knowing how much you can spend, you can avoid getting stressed out. Stick to your budget, and you'll feel good about your shopping adventure.

Black Friday can be a great time to snag deals, but the key to saving money is being strategic. With a little planning, a focused shopping list, and a set budget, you can take advantage of the discounts without feeling the financial pinch later and digging yourself into too much debt. Get ready for some smart spending and enjoy a holiday season that doesn’t break the bank!

Author Information

Madison-VonSosen.jpg

Written by

Madison works as a Marketing Copywriter on Achieve's Growth Creative team. She creates content across multiple platforms, including crafting emails and blogs.

Related Articles

1.jpg

Everyday Finances

Your debt-to-income ratio tells lenders how much money you can borrow. Find out how it works.

Jackie Lam

Author

5.jpg

Everyday Finances

If your bills are getting out of hand, debt resolution is one way to take control of your finances and defeat your debt.

2.jpg

Everyday Finances

Meta description: A home equity loan could turn your home’s value into money you can spend to improve your life. Find out how.

Jackie Lam

Author

Achieve Logomark

Achieve is the leader in digital personal finance, built to help everyday people move forward on the path to a better financial future.

Footer Trust Pilot Marker

TrustScore 4.8/5

Footer BBB Marker

.

Personal loans are available through our affiliate Achieve Personal Loans (NMLS ID #227977), originated by Cross River Bank, a New Jersey State Chartered Commercial Bank, Equal Housing Lender. Loan applications are subject to credit review, underwriting criteria, and approval. Loans are not available in all states and available loan terms/fees may vary by state. Loan amounts range from $5,000 to $50,000. For loans $35,000+ must have a minimum 660 credit score. APRs range from 8.99% to 29.99% and include applicable origination fees that vary from 1.99% to 6.99%. Repayment periods range from 24 to 60 months. Example loan: four-year $20,000 loan with an origination fee of 6.99%, a rate of 15.49%, and corresponding APR of 19.54%, would have an estimated monthly payment of $561.60 and a total cost of $26,956.80. To qualify for a 8.99% APR loan, a borrower will need excellent credit, a loan amount less than $12,000.00, and a term of 24 months. Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to pay off qualifying existing debt directly; or showing proof of sufficient retirement savings, could help you also qualify for lower rates. Funding time periods are estimates and can vary for each loan request. Same day decisions assume a completed application with all required supporting documentation submitted early enough on a day that our offices are open. Achieve Personal Loans hours are Monday-Friday 6am-8pm MST, and Saturday-Sunday 7am-4pm MST. $6,000 savings: Average savings claim for personal loans are based on 2023 data for 2, 3, and 4-year terms on funded debt consolidation loans for $21,600. Savings will vary based on several factors, subject to credit approval and other conditions. Any savings will be reflected in the offer.

Home Equity loans are available through our affiliate Achieve Loans (NMLS ID #1810501), Equal Housing Lender. All loan requests are subject to eligibility requirements, application review, loan amount, loan term, and lender approval. Product terms are subject to change at any time. Offers are a line of credit. Loans are not available to residents of all states and available loan terms/fees may vary by state where offered. Line amounts are between $15,000 and $300,000 and are assigned based on product type, debt-to-income ratio, and combined loan-to-value ratio. Minimum 640 credit score applies for debt consolidation requests, minimum 700 applies for cash out requests. Other terms, conditions and restrictions apply. Fixed rate APRs range from 8.75% - 15.00% and are assigned based on underwriting requirements; offer APRs include a .50% discount for automatic payment enrollment (autopay enrollment is not a condition of loan approval). Example: average HELOC is $57,150 with an APR of 12.75% and estimated monthly payment of $951 for a 15-year loan. 10, 15, 20, and 30-year terms available (20 and 30 year terms only available for cash out requests). All terms have a 5-year draw period with the remaining term being a no draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and typically include origination (2.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied and combined loan-to-value ratio may not exceed 80%, including the new loan request. Property insurance is required and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral. Contact Achieve Loans for further details. Monthly savings claim is based on average monthly debt savings from originated loans for 2023. Monthly savings varies based on each loan situation and can be more or less than $800.

Affiliated Business Arrangement Disclosure: Achieve.com (NMLS #138464) and Achieve Loans are both wholly owned subsidiaries of Achieve Company. Because of this relationship, your referral to Achieve Loans may provide Achieve.com a financial or other benefit. Where permitted by applicable state law, Achieve Loans charges: 1) an origination fee of 2.50%, and 2) an underwriting fee of $725. You are NOT required to use Achieve Loans for a home equity line of credit. Please click here for the full Affiliated Business Arrangement disclosure form.

Resolution is available through our affiliate Achieve Resolution (NMLS ID # 1248929). All estimates for Achieve Resolution’s services are based on prior results, which will vary depending on your specific enrolled creditors and your individual program terms. Not all Achieve Resolution clients are able to complete their program for various reasons, including their ability to save sufficient funds. Achieve Resolution does not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. Achieve Resolution does not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Achieve Resolution’s services are not available in all states, including New Jersey, and their fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. The use of Achieve Resolution services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements Achieve Resolution obtained on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S.12-03825.

This article is sponsored by Achieve. Paid advertisement, actual member of Achieve. Member’s endorsement is a paid testimonial. Individual results are not typical and results will vary.

© 2024 Achieve.com. All rights reserved. NMLS #138464