10 Things to Avoid Buying on Black Friday

10 Things to Avoid Buying on Black Friday

You’ve waited all year. The infamous Black Friday shopping “holiday” where you stand in line for hours and spend your day doing all your Christmas shopping is right around the corner. While it may seem like you’re getting the best deal of the year, it’s just not always the case. Take a look at our list of what not to buy on Black Friday, and make sure that you are making smart financial decisions this holiday season.

  1. Brand Name HDTVs. TVs do go on sale quite a bit on Black Friday, but these low prices typically only apply to third-tier manufacturers. Brand name TVs usually see their best price of the year in January and February. This is because manufacturers often look to clear their stock so that they can put out new models in the spring. Doorbusters may be the exception, but there usually aren’t enough of those to go around. So, if you’re looking to buy a new brand name TV, you may want to wait until the new year to make your purchase.
  2. New Digital Cameras. Digital cameras are one of the most common Black Friday products. Just like brand name TVs, digital cameras will soon be replaced by a new line of 2015 products. Hold off until January or February to buy that new camera when it becomes an “old” model.  
  3. Toys. While many toys are typically discounted for Black Friday, they often see bigger discounts two weeks before Christmas. Retailers know that there is a high demand for toys on Black Friday, so they typically wait on discounts. DealNews says that you can save up to 63% on popular toys by waiting until the two weeks leading up to Christmas.
  4. Game Console Without a Bundled Item. Make sure that a console system is bundled with something else like a video game or accessory. Department stores usually have at least one bundled offer, and you may save money this way.
  5. Christmas Decorations. While Christmas decorations aren’t usually on anyone’s Black Friday wish list, it is often an impulse buy while you’re out shopping. Resist the urge and remember, deals on Christmas items will get better and better the closer we get to Christmas itself. The best deals are of course after the holiday, so you might want to consider purchasing your decorations for the following year when they are at their lowest price point.
  6. Jewelry and Watches. That sparkly necklace may make the perfect gift, but the holiday season is the most expensive time to purchase jewelry or watches. Consider holding off until the spring or summer (and after Valentine’s Day) when prices are generally down.
  7. Apple iPad or iPod. While you may think that the Apple iPad or iPod will make the perfect gift, it will set you back a few hundred dollars. It usually won’t see a discount until several months from now.
  8. Winter Apparel. Black Friday features plenty of sales and discount on winter clothing from various retailers. It would be smarter, however, to hold off on buying those items until you see much better clearance sales prices in January when stores start preparing for their spring clothing.
  9. Laptops. Black Friday ads love to include laptops, but they often won’t have all of the bells and whistles compared to a laptop that you may regularly want to buy. If you’re looking for a more equipped laptop, you may find better deals during the back-to-school months.
  10. Luggage. We’d love to buy luggage to prepare for our winter-getaway to a warmer destination, but February and March are usually the best time to buy luggage.
 Source: http://dealnews.com/features/10-Things-Not-to-Buy-on-Black-Friday/518931.html. Accessed Oct 4, 2013.