The world has gone Black Friday crazy. It's quickly becoming one of the biggest shopping days of the year, with retailers slashing their prices in an attempt to get your business – and there are some fantastic deals to be found. So, are you making the most of it all?
If you haven't started yet, it could be time to get in on the action. Chances are your inbox is being inundated with emails of the latest discounts and special offers, and although a lot of them won't be useful in the slightest, you could find some diamonds in the rough. Take a quick look to see what's on offer, and then all you've got to do is figure out the best way to pay for all your bargains.
First up, your savings. Now, we're not suggesting that you blow your savings on things you don't need, but if you've been saving up for something specific and manage to find it at a bargain price, it could be a great way to go. Then there's the chance you can get all your Christmas shopping done in a single day – again, you'll probably have built up a savings pot for this very purpose, and if that's the case, now's the time to crack into it.
Ideally you'll have an easy access account that you can instantly withdraw your cash from for this kind of occasion, but just make sure to check the small print. A growing number of easy access accounts have withdrawal restrictions, such as only allowing a certain number of penalty-free withdrawals each year, but if you double-check, you'll be good to go.
Or, what about putting your purchases on a credit card that offers 0% interest on purchases? It could be a great way to spread the cost of your bargain buys without needing to pay more in interest. Alternatively, a cashback credit card could be ideal – if you're only making small purchases and will be able to pay the balance off in full next month, using a card that gives back a proportion of your spend means you get something for nothing. Double the bargain bonus!
Of course, you don't only have to shop on Black Friday to hunt out a bargain. Tracking down vouchers and discount codes means you can make fantastic savings all year round, and as we all know, there's nothing better than saving a bit of cash. In fact, the money you save could be put straight back into a savings account for future bargain purchases – it's a nice little cycle!
So, if you're yet to get on board with Black Friday, now could be the time to start hitting those online shops…
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.