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Top tips to grab the best Black Friday deals

Top tips to grab the best Black Friday deals

Category: Money Saving

Updated: 23/11/2016
First Published: 23/11/2016

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Black Friday is fast approaching – to be quickly followed by Cyber Monday – and many retailers are already getting in on the action with a week-long bargain extravaganza. But how can you make sure you grab the best deals? It can be easy to get swept up in the hype, so we've compiled a few top tips to help you keep your head while saving a fortune over the next few days.

· Do your homework. Or in other words, research, research, then research some more. Black Friday sales are chock-full of big ticket items reduced to bargain prices, but make sure you know exactly what you're looking for before you take the plunge. That cut-price 60" TV may seem like a bargain, but if it won't fit in your home or the brand doesn't live up to expectations, it won't be such a steal after all.

· Compare prices. In a similar vein, make sure to compare prices between retailers, as you may be able to find something even cheaper if you spend the time to look around. And, if you're buying online, make sure to factor in delivery costs (you may want to be on the lookout for extra vouchers or codes that can offer free delivery).

· Set a budget – and stick to it. It's all-too easy to get carried away with these kinds of flash sales, but there'd be nothing worse than getting caught up in the excitement only to realise that you'd be struggling to make it to next payday. So set a budget and ruthlessly stick to it.

· Make a list. It can be a great time to stock up on Christmas gifts, so make a list of the things you're looking for and try not to be tempted by extra goodies, and always ask yourself whether you'd buy it if it wasn't on offer.

· Be prepared. If you've got favourite retailers you want to hit on the big day, make sure to sign up to their email lists so you'll get notifications about their offers – and you may even get early bird access to their best online deals for being a loyal customer.

· Think about how you'll pay for it. If you're buying online you'll probably be using plastic of some kind, and you may want to use a credit card. Not only will you get added protection from Section 75 of the Consumer Credit Act, but if you opt for a cashback credit card, you'd get something back with every spend. Alternatively, a 0% purchase card would mean you needn't worry about interest adding to the bill for the set term, allowing you to spread the cost of your bargain buys.

· Consider the true cost. This means don't just look at the headline price – if you're ordering online you'll need to think about delivery costs, and the potential cost of returning the item, too (see below). And, if you're paying on credit, make sure to consider the impact of interest if you won't be able to pay it off right away and haven't got a 0% deal – it can all add up, and could mean it isn't quite the bargain you thought it would be.

· Check the returns policy. Even if you go in with all the best intentions, there's always the chance that you buy something on impulse and end up with a serious case of buyers' remorse. Prepare for that possibility by checking the returns policy before you buy, as that way, at least you know you can get your money back if you regret it later.

· Don't buy for the sake of it. Remember that a bargain is only a bargain if you can afford it and were going to buy it anyway – only buy what you need and can comfortably afford. Above all, stay calm and don't get caught up in the frenzy!

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.