We're going to try and convince you of something before we go on and tell you exactly how to get the most out of the Black Friday and Cyber Monday deals: you don't need to go out and battle other people in order to get good prices. There's absolutely no need for you to wait hours for a store to open its doors. There's no need to go into overcrowded places to find the best deals.
And so we issue the following rules you are to follow if you wish to make the most out of the Black Friday and the Cyber Monday deals:
1. Take Time Into Consideration
"How come?" you ask.
The first thing we want you to take into account when thinking about getting the best deals is the amount of time that getting those deals require. If a deal requires you to wait idly for hours, it better be worth the hours. Time is a valuable asset, no doubt, so taking it into account surely seems like the wise thing to do.
How to know if a deal is worth our time.
To know whether or not a deal is worth your time you've got to establish how much your time is worth. For example, your time should at the very least be worth minimum wage, therefore, for every hour a deal asks you to wait idly, you should save at least that much. Now, we don't think everyone's time is worth the same amount. How much your time is worth, that's for you to decide, but what we want you to do is to actually make that calculation. You may think an hour of your time is worth $100, you may think it's worth $300. We don't know, and so we can't decide for you whether or not it will be profitable.
2. Make A List
It's understandable if you think "they say this for everything and anything that we ever want to do! They're always telling us to make lists!" It's true. We do. There's a reason for that. Lists are great tools for achieving things. Lists help us determine what we want, what we need, what we definitely shouldn't go for (we all have our weaknesses), and well any other thing that we want to put down to a list. Lists help us organize our own thoughts and understand them better.
So make a list of the things you need. Make a list of the things you want.
3. Determine Your Budget
Sure, there'll be many things on sale at prices that you'll be inclined not to say no to, but keep in mind that we all have our limits, and we should respect them. Especially when it comes to our spending limit. The worst thing you can do is to bite more than you can chew since most likely you'll be using credit and the "great deals" you got will become void through interests. Nobody wants that. Interests are the devil.
Keep in mind how much you can actually afford to spend while shopping for deals. Make calculations, come up with a number, and keep that number in mind.
Nowadays "Black Friday Deals" is just a figure of speech. A lot of places anticipate the date with great deals that you can take advantage of in advance. So start now (yes, right now). Once you've done your list, take a look online. Look at what they have at Walmart (online) and Amazon.
Some of the things on your list might actually already be on sale.
This is a very difficult thing to do, but we've come up with something that might prove useful to you. If it doesn't fit with the way you do things, the way you like things to be, then prioritize a different way, but if you're clueless as to how to determine what you should look for more thoroughly from the things of your list then consider this:
Crosscheck them to see if there's something they both have in common: something that you want and you also need.
If there is, that should be the main focus of your deal searching endeavor. If there isn't, we think the best way to approach this is to look for the things you want more thoroughly. Why? Because the things you need, you're going to buy anyway. We think you should only spend a few minutes browsing for the things you need and get them at whatever discount you encounter them. If they're not on sale, well tough luck, you need them anyway, don't you?
Keep in mind that if you don't need to buy them right now and they're not on sale or the discount isn't very significant, then you might want to skip on buying them since they too affect your spending budget. You can get them later. Browsing for them this Black Friday is only a way of not missing an opportunity to save, rather than it taking a focal point of your hunt for good prices.
Now onto the things you want. How to prioritize that? Oh well, that's a tough one. What we actually recommend is for you to follow your heart. The thing you want the most is the thing you should look for more thoroughly to see if you can get a great deal on it. If you've searched and searched and come to the conclusion that it simply isn't on sale, then stop wasting your time on that one and move onto the next one.
6. Shop Big
The places that offer the greatest deals are places with a lot of inventory like Walmart and Amazon. Your hunt for deals should definitely start there and use their prices as a way to measure deals offered at other sites.
Remember that Black Friday was originally created for stores to sell the things they needed to get rid off in order to make space for new items in their inventory and then Cyber Monday was created as an attempt to try to sell whatever they couldn't on Black Friday. Thus, most of the deals you find should (in theory) be on things that are to be replaced by others such as TV's or phones for which new models have come out or at least been announced. However, this might not be true anymore, so just keep an eye out for great deals, look for the things that you want, don't forget to browse for things you need, and enjoy the hunt!