How to Avoid Overspending & What Not to Buy During Black Friday Sale Event 2023

Black Friday can be a tempting time to buy things you don't need, simply because of the deals available. Here are a few tips on how to avoid overspending and not fall into the trap of buying too many things during this year’s Black Friday sale event (2023) just because they seem like a good deal.

Black Friday sale, the biggest shopping event of the year, will official start on Friday, 24th November 2023 this year, but rumours about what deals you can expect to find on this year’s Black Friday event are already circulating.

Those looking to bag Christmas presents for their loved ones will be spoilt for choices as the event kicks off with massive sales and great deals from well know retailers and high-street shops. It can get a bit hectic leading up to the big Black Friday 2023 sale event with so many retailers offering different promotions, so it’s good to go into it with a plan and having as much information as possible (read Black Friday sale event guides).  

And while Black Friday can be a great opportunity to bag some fantastic deals, there are also some items that are better to avoid buying during this sale event.

Here are a few things you might want to skip:

  1. New release electronics

    If you're eyeing a new release gadget or electronic device that was just launched, it's unlikely that you'll find a significant discount during Black Friday. Retailers know that these items are in high demand, so they are less likely to offer deep discounts on them.

  2. Christmas decorations and gift wrap

    While Black Friday is a great time to buy Christmas gifts, it's not the best time to buy decorations and gift wrap. Prices on these items often drop significantly in the days leading up to Christmas, so you may be able to save more money by waiting.

  3. Winter clothing

    Winter clothing may seem like a good buy during Black Friday, but the best deals on these items often come in January or February when retailers are trying to clear out inventory to make way for spring merchandise.

  4. Large appliances

    While there may be some good deals on large appliances like refrigerators and washing machines during Black Friday, it's worth doing some research first. Prices on these items can vary greatly, and you may be able to find a better deal at other times of the year.

Overall, it's important to do your research and make a list of the items you want before Black Friday so that you can focus on getting the best deals on the things you really need.

ensure you stick to your budget and avoid overspending during Black Friday

While the prospect of discounted items can be exciting, it is important to ensure you stick to your budget and avoid overspending during Black Friday. Here are a few tips on how to avoid overspending during Black Friday:

  1. Set a budget

    Before you start shopping, decide how much you can afford to spend. This will help you avoid impulse purchases and keep your spending in check. It's important to keep in mind that while some items may be on sale, you still need to be able to afford them.

  2. Prioritize your list

    Once you've set your budget, it's time to start planning your purchases. Make a list of the items you need or want to buy, and prioritise them according to your budget. This will help you focus on the most important items and avoid overspending on things that you don't really need.

  3. Research prices

    Before making any purchases, research the prices of the items on your list. This will help you identify the best deals and avoid overpaying for items.

  4. Use price comparison tools

    There are many price comparison tools available online that can help you find the best deals on the items you want to buy. Use these tools to compare prices across different retailers and find the best deals.

  5. Avoid impulse purchases

    It's easy to get caught up in the excitement of Black Friday and make impulse purchases. When you start shopping, it's important to be mindful of your budget and resist the temptation to overspend. Stick to your list and avoid impulse purchases, no matter how good the deal may seem. Keep in mind that just because something is on sale, it doesn't necessarily mean it's a good deal for you.

  6. Use cash or a debit card

    Using cash or a debit card can help you avoid overspending, as you can only spend what you have. Avoid using credit cards, as it can be tempting to overspend and end up with debt.

  7. Wait for Cyber Monday

    If you're not sure whether a Black Friday deal is really worth it, consider waiting for Cyber Monday. Sometimes, deals are even better on Cyber Monday, and you'll have had more time to consider whether you really want the item.

  8. Consider alternatives

    Before making a purchase, consider whether there are any alternative products or brands that could meet your needs. You might find a better deal or a better product that you hadn't considered before.

  9. Avoid browsing

    Don't spend hours browsing websites or stores for deals. This will increase the likelihood of making impulsive purchases that you don't need.

  10. Take a break

    If you find yourself getting overwhelmed or tempted to overspend, take a break from shopping and step away from your computer or phone.

  11. Stick to your priorities

    Remember your priorities and focus on buying what you actually need or want. Don't be swayed by the hype of the sale or the fear of missing out on a deal.

Black Friday can be a great opportunity to get some amazing deals on a range of products, but it's important not to fall into the trap of buying too many things just because they seem like a good deal. Stick to your budget to avoid overspending by planning ahead, making a list, and resisting the temptation to impulse buy, so you can enjoy the sales without putting your finances at risk.