Black Friday & Cyber Monday deals are aplenty but does the house really need another TV or kitchen gadget?
Financial Tip Friday is brought to you in partnership with the 1st National Bank of Dennison.
The non-stop TV ads, youtube ads, amazon live ads, and newspaper flyers showing all of the Black Friday and Cyber Monday deals are able to make one think a house remodel is a necessity, however, think twice before purchasing.
Black Friday & Cyber Monday Tips
1. Make a list of needs before viewing ads
2. Make a list of gifts for family and friends before viewing ads
3. Budget how much is allotted for spending
4. Perform a search for deals of what’s on your list
5. Stick to the list or replace items within your set budget
Plan ahead for next year by opening up a savings account for your family and automatically putting over $10 per paycheck and watching the account grow. That way whatever is in the account is how much money is to be spent on gifts for the Holiday season for others as well as a treat or two for yourself. Saving money for the office party white elephant gift, teacher and bus driver presents or an amazing pop-up deal is a smart way to stress less during the holidays.
According to Business Insider here are the following top sales items throughout the year:
January
- Furniture
- Christmas items
- Linens
- Electronics
- Frozen Food
April
- Cars
- Snowblowers
- Jewelry
- Cruises
May
- Mattresses
- Spring clothes
- Refrigerators
- Party supplies
June
- Gym memberships
- Travel deals
- Laptops
July
- Amazon Prime Day
- Tools
- Grills
August
- School supplies
- Camping gear/luggage
September
- Airplane tickets
- Cars
- Bikes
- Sunglasses
- Computers
- Jeans
- Patio furniture
- Perennial plants
- Lawnmowers
October
- Denim everything
- Fire pits
- Outdoor entertainment
- Fishing gear
November
- Electronics
- Cookware
- Beauty products
- Appliances
- Wedding Dress
December
- TV
- Small appliances
- Toys
For help with savings, spending and investing, speak to a local banker to help set up a solid foundation!
Black Friday & Cyber Monday Tips