Showing posts with label black Friday. Show all posts
Showing posts with label black Friday. Show all posts

Tuesday, November 25, 2014

Black Friday Shopping Tips


Have you ever wondered why the day after Thanksgiving is often referred to as “Black Friday?”

As much as we’d like to think so, it’s not because our wallets go into mourning as soon as they notice the thrill of the hunt in their owner’s eyes. One theory states that the day was thus labeled because of the heavy traffic and stress that are synonymous with Black Friday.

The accountant’s theory is more enlightening. Retail stores used to operate at a financial loss until that fateful day, when they would record a profit. Negative amounts were recorded in red ink and positive amounts in black. In simple English this means that Black Friday, for many stores, was the day they actually made money on their merchandise. Your money.

There are many reasons not to catch the Black Friday fever. Sure, holiday shopping is on the yearly to-do list. But getting up at an early hour of the morning to shiver in line at your store of choice and then get jostled by ravenous crowds to wait in another line is reminiscent of Soviet Russia. Thankfully, there are better ways to do your shopping.

Besides the much-advertised Black Friday sales, many stores get the jitters earlier. You can find great bargains, calmly and peacefully, a few weeks before the madness begins. The Internet also provides an array of websites where you can check for bargains and compare prices on goods weeks before the shopping season officially kicks off.

You can even do all your shopping online, and save yourself the hassle – not to mention the gasoline. You’ll probably end up saving money too, since shopping online lets you select exactly what you know you’re looking for and your eyes aren’t drawn to every other item on display. If you’re worried about breaking tradition, start a new one. You’ll be happy to know that retailers have even coined a name for online shopping.

The first weekday after the Thanksgiving weekend is now known as Cyber Monday. Doesn’t that sound a little less ominous than Black Friday?

Wednesday, November 27, 2013

Reinventing Holiday Shopping Rules!

Retailers are reinventing the rules on holiday shopping. You should, too!

Follow your favorite retailer business pages on TwitterFacebookPinterestGoogle ShoppingYahoo! Local, and Patch.com to find great deals and expanded price-matching opportunities, and gain some creative gift-giving ideas. 
  • Review Yelp and Foursquare resources for local retailer and product insight through consumer review. You never know when you'll stumble upon a good tip or deal! 
  • Download mobile apps from your favorite brands and keep current on the latest deals that may fit your needs. 
  • Shop with retailers who have dropped the layaway account fees charged in prior years. Those small fees can add up if you buy at a range of stores.
  •  Take advantage of loyalty shopper offers, which generally include early access to Black  Friday sales deals.
Here's something to consider: Before you start your holiday shopping, crunch the numbers on last year's expenses like; gifts, decorations and even food. This should help you determine about how much you'll need to save for next year! 

Pen Air FCU's  Christmas Club Accounts are the perfect solution to help you build up the savings you need to make your 2014 holidays happy and debt-free! Our Christmas Club Accounts allow you to save all year long and your funds become available in November each year! Visit Penair.org for more information or swing by a branch near you!