How to Save Money and Avoid Impulse Spending on Black Friday

Black Friday is a time for massive discounts, endless marketing emails, and tempting offers that seem too good to pass up. But how do you ensure you're actually saving money? The sales frenzy can be overwhelming, especially with the festive season just around the corner. Whether you're shopping for gifts or a treat for yourself, it's easy to get swept up in the hype. However, Black Friday is designed to make you feel like you're saving when, in reality, you may not be. With the right planning and mindset, you can shop smarter and avoid impulse spending.

Let’s look into how to navigate Black Friday without breaking your budget or regretting your purchases.

1. The Psychology of Black Friday: Know the Tricks

Retailers use psychological tactics to increase sales during Black Friday. From "limited-time offers" that create a sense of urgency, to inflating the original price to make the discount look larger, the day is designed to pressure you into buying items you may not need.

Your Strategy: Before you make a purchase, take a step back. Use price comparison tools like PriceSpy or Google Shopping to check if the deal is as good as it seems. In some cases, waiting just a few days after Black Friday can reveal even better offers, or help you realize that the item wasn’t necessary at all.

2. Impulse Spending: Pause Before You Click

Black Friday thrives on FOMO (fear of missing out). Flash sales and countdown timers create a false sense of urgency, pushing you to make quick decisions instead of thoughtful ones.

Your Strategy: Before the sales start, create a list of items you genuinely need or have been planning to purchase for a while. Whether it’s gifts, a kitchen gadget you’ve researched, or winter clothing, stay focused on your needs. If it's not on your list, don't add it to your cart.

Pro Tip: Implement a "pause rule" to avoid impulse purchases. Take 24 hours before you check out to decide if the item aligns with your priorities and budget.

3. Set a Budget and Stick to It

It’s easy to get swept up in the excitement of massive sales, especially when discounts appear to be too good to pass up. But overspending can lead to unnecessary financial stress, particularly with holiday expenses looming.

Your Strategy: Set a total budget before Black Friday and break it down into categories (gifts, home goods, personal purchases, etc.). Consider using a prepaid card or budgeting apps like Monzo or Starling to set strict spending limits.
Keep in mind, just because something is discounted doesn’t mean it’s a great deal—especially if it wasn’t part of your planned budget.

4. The Emotional Side of Spending

Often, shopping isn’t just about the deals. For many of us, it’s a way to escape stress or add excitement to our day. Black Friday capitalizes on these emotions, offering a quick dopamine hit that can feel rewarding in the moment but often leads to buyer's remorse later.

Your Mindset: Before hitting "buy," ask yourself: Am I shopping out of excitement, boredom, or stress? If the answer is yes, try healthier alternatives, like taking a walk, watching your favorite movie, or spending time with friends.

5. Don’t Ignore the Fine Print

The excitement of Black Friday often makes it easy to overlook key details, such as return policies or hidden delivery charges. Many retailers impose stricter rules during Black Friday, such as shorter return windows or no returns on sale items.

Your Move: Always check the return policy before making a purchase, especially for big-ticket items or gifts. Stick to trusted retailers with clear policies, secure payment options, and avoid unfamiliar websites to protect your purchase.

6. Cashback and Loyalty Perks: Make the Sales Work for You

Shopping online this Black Friday? Cashback sites like TopCashback and Quidco can help you save even more. Many retailers offer additional cashback during the event, which can add up significantly over time. Similarly, loyalty cards and store-specific points programs can provide extra discounts and rewards for your spending.

Your Strategy: Plan your purchases wisely by checking if your favorite stores are offering cashback or loyalty points during the Black Friday sales. Make your spending work harder for you by taking advantage of these perks.

7. Think Long-Term: What Will You Value in January?

The rush of Black Friday can tempt you into prioritizing short-term gratification over long-term value. But before you click "buy," ask yourself: Will this purchase still feel worthwhile in a month or a year?

For instance, investing in energy-efficient appliances or practical home upgrades can save you money in the long term—unlike trendy gadgets that often end up collecting dust after a few weeks.

8. Stay Safe Online

With so many transactions happening online, Black Friday presents a prime opportunity for scams. Fake websites, phishing emails, and "too good to be true" offers can jeopardize your personal and financial data.

Your Move: Stick to trusted websites, avoid clicking on suspicious links, and always ensure the payment page is secure (look for the padlock symbol and "https" in the URL). If something feels off, trust your instincts and walk away to protect yourself from fraud.

9. It’s Okay to Skip Black Friday Altogether

You don’t have to participate in Black Friday at all. If the pressure and hype feel overwhelming, it’s perfectly fine to skip the sales. Instead, focus on saving for the things that truly matter or use the day as an opportunity to declutter and sell unused items for extra cash.

This year, let's shop smarter, not harder. Step into the festive season with your budget (and peace of mind) firmly in check by making thoughtful, intentional choices.