Black Friday: 9 Essential Steps To Prepare Now
Master Black Friday savings with these 9 essential preparation steps to snag the best deals without overspending.
Are You Ready for Black Friday? 9 Steps You Should Take Now
Black Friday marks the official kickoff to the holiday shopping season, offering massive discounts on everything from electronics to home goods. With retailers like Amazon, Best Buy, Walmart, and Target rolling out deals weeks in advance, preparation is key to scoring the best savings without falling into overspending traps. This guide outlines nine essential steps to ensure you’re ready, drawing from proven strategies used by savvy shoppers. Whether you’re eyeing video games, smartphones, or smart home devices, these tips will help you navigate the chaos and maximize value.
Step 1: Create a Budget and Stick to It
The foundation of successful Black Friday shopping starts with a realistic budget. According to the National Retail Federation (NRF), average holiday spending per person is projected to hit record levels, around $902 in recent years, covering gifts, decorations, and food. Without a plan, it’s easy to overspend amid the excitement of deep discounts.
Begin by assessing your finances: Review your income, bills, and savings goals. Allocate a specific amount for holiday shopping, such as $300 for gifts and $200 for personal treats. Use a simple spreadsheet or app to track planned purchases versus actual spending. Break it down by category—electronics, clothing, toys—to avoid impulse buys.
- Calculate total holiday expenses, including non-Black Friday items.
- Set spending limits per store or category (e.g., $150 max at Best Buy).
- Build in a 10-20% buffer for unexpected deals.
Pro tip: Use cash or debit instead of credit cards to enforce discipline. If using credit, pay off balances immediately to avoid interest eating into savings.
Step 2: Make a Shopping List
Impulse purchases derail budgets—stick to a curated list of needs and wants. Prioritize must-haves like gifts for family or essential upgrades, such as a new laptop or TV for holiday movie nights.
Research wishlists from recipients via surveys or casual conversations. For yourself, identify pain points: Does your phone battery die too fast? Is your home theater outdated? Cross-reference with historical Black Friday deals to predict discounts.
| Category | Must-Have Items | Budget Allocation | Target Stores |
|---|---|---|---|
| Electronics | TV, Headphones | $250 | Best Buy, Amazon |
| Smart Home | Robot Vacuum, Doorbell | $150 | Amazon, Walmart |
| Gifts | Video Games, Toys | $300 | Target, Kohl’s |
Refine your list weekly as early deals emerge, but delete items if they exceed budget.
Step 3: Research Deals Early
Black Friday deals start weeks before the big day—the day after Thanksgiving, typically late November. In 2023, promotions began mid-November, extending through Cyber Monday. Sign up for retailer newsletters from Amazon, Walmart, Target, and Best Buy for exclusive early access.
Use deal aggregator sites and apps like Slickdeals or Honey to monitor price histories. Look for patterns: TVs often drop 40-50%, smartphones 20-30%. Compare current prices against all-time lows using tools like CamelCamelCamel for Amazon.
- Focus on doorbusters: Limited-stock items like PlayStation bundles or Samsung TVs.
- Check carrier deals for phones (e.g., Google Pixel savings up to 21%).
- Verify price matching policies—Target and Walmart often honor competitors’ ads.
Step 4: Know When Black Friday Is and Plan Around It
Black Friday falls the Friday after Thanksgiving. Retailers extend sales: Amazon’s week-long event through late November, Walmart from early October, Target through December. Cyber Monday follows for online-focused deals.
Plan your schedule: Online deals mean no lines, but popular items sell out fast. Set calendar reminders for major events like Kohl’s Early Access (early November) or Best Buy’s gaming sales.
Brick-and-mortar fans: Stores open midnight or early morning, but crowds peak. Opt for smaller locations or curbside pickup to save time.
Step 5: Sign Up for Rewards Programs and Apps
Loyalty pays—literally. Join free programs: Amazon Prime for faster shipping and exclusives, Walmart+ for early access, Target Circle for personalized deals.
Browser extensions like Capital One Shopping or Rakuten add cashback (up to 10-15%) automatically. Apps notify of price drops and stack coupons.
- Rakuten: 5-10% back on Amazon, Walmart.
- Honey: Auto-applies promo codes.
- Ibotta: Rebates on groceries and gifts.
Step 6: Organize Payment Methods
Streamline checkout to snag fleeting deals. Update saved cards on retailer apps, but prioritize low-interest options. Venmo is now accepted at Amazon.
Consider buy-now-pay-later like Affirm or Klarna for big-ticket items, but only if you can pay off quickly. Pre-load digital wallets like Apple Pay for speed.
Step 7: Prepare for Online Shopping
57% of shoppers go online. Ensure fast internet, clear browser cache, and multiple devices as backups. Create wishlists on retailer sites for one-click adds.
Test checkout processes pre-sale. Use incognito mode to avoid dynamic pricing hikes. Enable two-factor authentication to protect accounts.
Step 8: Understand Return Policies
Deals sour without returns. Amazon: 30 days; Kohl’s: up to 180 days; Target: 90 days with exceptions. Save receipts digitally via apps.
Check restocking fees on electronics (often 15%). Extended warranties from retailers beat manufacturer ones for cost savings.
Step 9: Avoid Common Pitfalls
Steer clear of FOMO— not every ‘deal’ is. Ignore ‘limited time’ hype if it doesn’t fit your list. Watch for bait-and-switch tactics.
Shop sober (literally and figuratively) to curb impulses. Take breaks to reassess carts. Post-shop, review spending to refine next year’s strategy.
Top Black Friday Categories to Watch
Leverage these hot areas for max savings:
- Electronics: TVs up to 50% off (Samsung, LG), consoles like PS5 bundles (11-25% savings).
- Cell Phones: Google Pixel (21% off), Samsung Galaxy (18% off).
- Smart Home: Echo devices (56-68% off), Roomba vacuums (42% off), Ring cams (50% off).
- Home Theater: Fire TV (50% off), Bose soundbars (30% off).
Frequently Asked Questions (FAQs)
Q: When does Black Friday 2026 start?
A: Black Friday is always the day after Thanksgiving. Deals often begin two weeks prior and extend through Cyber Monday. Check retailer sites for exact 2026 dates.
Q: Are Black Friday deals only in stores?
A: No, most are online now, with 57% of shoppers preferring digital. Early access via apps beats crowds.
Q: How can I get the best electronics deals?
A: Monitor Best Buy and Amazon for TVs, gaming monitors (up to 40% off), and bundles. Use price trackers.
Q: Is Cyber Monday better than Black Friday?
A: Cyber Monday excels in online/tech deals; Black Friday for everything else. NRF data shows similar spending.
Q: What if a deal sells out?
A: Price match policies and extended sales (e.g., Walmart through December) provide backups.
References
- 100 Black Friday Electronic Deals From Best Buy and Amazon — The Penny Hoarder. 2023. https://www.thepennyhoarder.com/save-money/black-friday-electronic-deals/
- Black Friday vs. Cyber Monday: When to Score the Best Deals — The Penny Hoarder / National Retail Federation. 2024. https://www.thepennyhoarder.com/save-money/cyber-monday-vs-black-friday/
- 8 Surprising Facts You Didn’t Know About Black Friday — The Penny Hoarder. 2023. https://www.thepennyhoarder.com/save-money/surprising-black-friday-facts/
- Are You Ready for Black Friday? 9 Steps You Should Take Now — The Penny Hoarder. 2023. https://www.thepennyhoarder.com/save-money/are-you-ready-for-black-friday/
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