Black Friday is a day that has come to represent a chance to obtain nice purchases at greatly reduced prices.
Here’s the deal, though. I have NEVER seen ANYONE save money by spending money. I have heard people say, “I bought this TV for $600, and I saved $300!” They did not SAVE $300 – they SPENT $600!!!!
It is an old marketing trick to tell the consumer about how much money they are saving when in reality they are spending a lot of money. In others, they want you to feel good about giving them your money!
On Black Friday, get a great deal for your money, but avoid debt! Most people that end up financing their Black Friday purchases will end up paying more in interest and finance charges than they “saved” on the purchase.
What are you going to be buying on Black Friday?