Here’s how you can get the most out of Black Friday
Every year, millions of Canadian shoppers look forward to the annual Black Friday sales weekend to take advantage of deals from retailers in both Canada and the US. In fact, a Leger survey conducted across Canada in 2021 found that 54% of respondents have participated in a Black Friday sale.
This year, Black Friday falls on November 25 – which is just around the corner! So, to help you get a head start on your planning, we outline some strategies to get the most out of one of the year’s biggest shopping events.
Make a list of what you want to buy.
The first step to maximizing your Black Friday shopping experience is to get organized and make a list of the items that you want to buy. This can help you monitor prices and keep you from overspending.
Set a reasonable budget.
Taking the time to determine how much you can afford to spend on Black Friday is a responsible way to control your finances. So, it’s a good idea to set a reasonable budget before shopping – and to stick to it!
Track current prices to see if you are getting a good deal.
When you know what items you want to buy and have set aside a sensible budget for them, a smart move would be to find out what price they are currently going for. This way, you’ll be able to spot a good deal when the Black Friday sales weekend rolls in.
Stay ahead of the crowd by signing up for store newsletters.
Stores often first announce Black Friday deals and discounts in their email newsletters, so being on their mailing list will allow you to know early what kind of savings you can get.
Use the right kind of credit card for your Black Friday purchases.
A good Black Friday credit card will allow you to benefit from rewards when shopping in Canada and save you from a foreign exchange fee if you’re transacting with a retailer outside of Canada.
For instance, the Home Trust Preferred Visa offers 1% CashBack Rewards on all eligible purchases with no cap, even when shopping online. You can also use the Home Trust Preferred Visa for purchases made in US dollars with no foreign exchange fee, whether you’re spending while abroad or shopping online at home. What’s more, these two versatile benefits are all yours for no annual fee!
With a little planning and a Home Trust Preferred Visa, you’ll be on your way to maximizing your savings this Black Friday shopping weekend. Learn more by visiting hometrust.ca/credit-cards/preferred-visa-card.
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