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Budgeting for Black Friday - something to start thinking about now


56 replies to this topic

#31 tracy0504  OFFLINE  

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Posted Aug 1, 2017 - 9:10 pm

Lol, my husband is pretty much cash only; every day he empties his pants and tosses it. Every so often I empty out wallets and vehicles. At least once a week we sort it by coin type in individual jars. The jars are in our bedroom. We used to save change for specific things; brought our first Wii when they were released with change. Now we go from year to year and use it strictly for Christmas shopping.

We've made a game of it and try to beat each years amount the following year; we easily have over $150 in quarters already. I also wrap as I go along because it needs to be wrapped for our credit union to accept it. This way we pay no fees using coinstar or anything.

That is awesome!!!! Maybe I will give it a try for next year...

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#32 ytmomof4  OFFLINE  

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Posted Aug 3, 2017 - 7:20 am

I save all year with Swagbucks,Shopkick, and saving catcher.i can usually get a pretty good chunk done with those

#33 tracy0504  OFFLINE  

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Posted Aug 7, 2017 - 7:17 am

I save all year with Swagbucks,Shopkick, and saving catcher.i can usually get a pretty good chunk done with those

 

 

I love Shopkicks...I started using it last year...unfortunately, I only take advantage of the kicks for walking in certain stores because I usually don't have the time or energy to scan items for more kicks...my goal was to try to earn enough to get a $100 Walmart GC, but that is not happening w/o doing scans...



#34 jesusluvu  OFFLINE  

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Posted Aug 7, 2017 - 7:53 am

I save all year with Swagbucks,Shopkick, and saving catcher.i can usually get a pretty good chunk done with those

I do saving catcher, but never heard of ShopKicks. Will have to investigate .... Thanks 



#35 ytmomof4  OFFLINE  

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Posted Aug 8, 2017 - 3:31 am

I love Shopkicks...I started using it last year...unfortunately, I only take advantage of the kicks for walking in certain stores because I usually don't have the time or energy to scan items for more kicks...my goal was to try to earn enough to get a $100 Walmart GC, but that is not happening w/o doing scans...




The scanning is time consuming and irritating if they don't even have the item.Unfortunatly I don't get a ton of walk in kicks but since I have been using Shopkick I have got $100 in Walmart cards it takes along time to accumulate enough.

Swagbucks is much better if you want to try it out send me a pm and I will send you a link

#36 shopping4my3son  OFFLINE  

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Posted Aug 26, 2017 - 6:10 am

I started following this in January but in reverse. So far so good. Made a budget with the amount to spen on each person we buy for so this should cover it. Just need to stick with it and not over spend.



. c74124463e7c8d62fcf096debfabe464.jpg


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Edited by shopping4my3son, Aug 26, 2017 - 6:11 am.

:cheese:

#37 jaymacfla  OFFLINE  

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Posted Sep 1, 2017 - 7:13 am

I tell everyone involved in Black Friday to start saving in July

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#38 julz0420  OFFLINE  

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Posted Sep 5, 2017 - 4:28 pm

Always run into stuff I dont plan for. Last minute must have gifts and stuff. LOL

 

For BF we have hubbys month commission check the week before Thanskgiving, yearly bonus also that week, plus paychecks and that's more than enough to get what I'm looking for and more lol. I also will use cards that offer good rewards on BF.


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and Lucas 6


#39 Elmck  OFFLINE  

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Posted Sep 5, 2017 - 5:33 pm

My budgeting has been lousy this year for some reason. It seems like we have had some major financial needs the last few months. I'm hoping I can save enough to cover what I would normally do. If not I will have to cut back. I have already decided not to do stockings for the grandkids ( their parents do them too) so its not really a need. i just need to really buckle down the next few months.



#40 len_mullen  OFFLINE  

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Posted Sep 6, 2017 - 2:43 am

I feel like an overwhelming theme for the people in my life has been that they wish they had saved more for the holidays. Some didn't start early enough so their finances took a big hit in December (or January when the credit card bills came due) and others couldn't manage to follow their budget. Personally I underestimated how many events we would attend and the cost for bringing dishes to pass and/or hostess gifts. I'm going to rework my budget now that I can review all my receipts and credit card bill.

What about you?

Do you wish you had started saving sooner? Did you run into holiday expenses you forgot to budget for? Are you going to do anything differently or does your system still work for you (in which case please share!)?

 

I think a mistake that people make is saving for specific things.  When I was young, I used to 'pay myself first'.  If there was money left at the end of the month, I rewarded myself for being frugal.  When i got a little older, I started 'direct depositing' my paycheck and using a credit card to buy things.  I found that the balance on the account was its own reward and started accumulating savings faster.  In fact, I believe this encouraged me to spend money more carefully.  As a bonus, my 'best practice' of splitting raises and bonuses with my savings account went away.  I became very familiar with my expenses and cost of living which helped a lot in determining what we could afford to pay for a home and whether my wife could be a stay at home mom.

 

Similarly, budgeting for the holiday season starts with a list of people.  Then I assign a budget for each gift, select gifts, then shop.  If I get a gift at a discount, that money remains in savings.  I do, however, buy stuff at the end of the season -- purchases of opportunity -- if the item is sufficiently desired and discounted...especially for my oldest whose birthday in in February.

 

Happy shopping!



#41 BFAddict716  OFFLINE  

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Posted Sep 6, 2017 - 5:04 am

I am not the best at budgeting however I have a few ways I save for Black Friday and holiday shopping that work well for me.

First of all anytime that I get a gift card throughout the year rather be for returning merchandise or as a bonus for a purchase or even through a work promotion I put it in an envelope and keep them all for holiday shopping.

I also do a lot of cash back sites such as Ibotta and savingstar and then on November 1st of every year I pull that money out and use it for holiday shopping. I also consign my stepsons clothes twice a year and the fall Consignment check always goes straight into the holiday savings.

Also starting September 1st any cash that I get I add to my envelope. I'm usually able to cover the majority of my holiday expenses with these. Although I do pick up gifts throughout the year when I see them on clearance or for a great deal so at this point I do already have a small dent in my shopping without using any of my holiday spending money.

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#42 tracy0504  OFFLINE  

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Posted Sep 6, 2017 - 6:35 am

I absolutely love reading all the ways people save for BF...this is so inspiring...



#43 jendeere  OFFLINE  

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Posted Oct 5, 2017 - 8:42 pm

Lol, my husband is pretty much cash only; every day he empties his pants and tosses it. Every so often I empty out wallets and vehicles. At least once a week we sort it by coin type in individual jars. The jars are in our bedroom. We used to save change for specific things; brought our first Wii when they were released with change. Now we go from year to year and use it strictly for Christmas shopping.

We've made a game of it and try to beat each years amount the following year; we easily have over $150 in quarters already. I also wrap as I go along because it needs to be wrapped for our credit union to accept it. This way we pay no fees using coinstar or anything.

 

We do something similar.  We save change all year and then go to coinstar a week or 2 before BF.  We cash in for Amazon gift cards since there is no fee. 

 

I always have big plans to make a budget for Christmas shopping but I've never managed to stick with it lol.  Maybe this year! 



#44 jesusluvu  OFFLINE  

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Posted Oct 6, 2017 - 6:41 am

savings is not what I wanted but more than I expected too. So as long as the sales are killer I think I might be okay. 



#45 HanShotFirst  OFFLINE  

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Posted Oct 6, 2017 - 2:10 pm

I still haven't started and my list keeps getting longer.......things keep happening.   :gdangry3:     



#46 arci122  OFFLINE  

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Posted Oct 10, 2017 - 4:55 pm

I save my credit card rewards points all year and use for Christmas. I don't pay late fees or interest, so it's free money!! Usually hundreds of dollars.

#47 Tara3117  OFFLINE  

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Posted Oct 12, 2017 - 10:38 am

My Christmas Club deposit was made this week! Let the spending begin!


"If Joan of Arc could turn the tide of an entire war before her eighteenth birthday, you can get out of bed." ~ E. Jean Carroll

#48 fran  OFFLINE  

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Posted Oct 12, 2017 - 2:09 pm

I use the ibotta and checkout 51 to save up for black friday



#49 tracy0504  OFFLINE  

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Posted Oct 13, 2017 - 7:41 am

My Christmas Club deposit was made this week! Let the spending begin!

 

My holiday account won't transfer to my checking for about another 2-3 weeks...can't wait!!!!



#50 Sassoon17  ONLINE  

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Posted Oct 17, 2017 - 8:33 am

I just bought a house so my budgeting is way off! However, I have set some money aside and have already started Christmas shopping. Last year, I was proud of how I was able to curb my BF impulse buying and, with the new house, I hope to stay on track again this year. 



#51 chester5  OFFLINE  

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Posted Oct 18, 2017 - 5:44 am

Two things that I do that definitely help with Black Friday and Christmas shopping in general are:

 

  1. I save my $5 bills.  If I get one, I put it aside.  Over a 12 month period I save about $500 this way.
  2. Whenever I get a free gift card with purchase (Target, for example) or a rebate from Menards, I save them.  This again gives me a couple of hundred dollars.

 

Hope this helps someone!



#52 tracy0504  OFFLINE  

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Posted Oct 18, 2017 - 6:31 am

Two things that I do that definitely help with Black Friday and Christmas shopping in general are:

  • I save my $5 bills. If I get one, I put it aside. Over a 12 month period I save about $500 this way.
  • Whenever I get a free gift card with purchase (Target, for example) or a rebate from Menards, I save them. This again gives me a couple of hundred dollars.

Hope this helps someone!
Saving $5 bills is a great idea...never thought of doing that before...

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#53 speeddiva  OFFLINE  

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Posted Oct 18, 2017 - 9:05 am

Two things that I do that definitely help with Black Friday and Christmas shopping in general are:

  • I save my $5 bills. If I get one, I put it aside. Over a 12 month period I save about $500 this way.
  • Whenever I get a free gift card with purchase (Target, for example) or a rebate from Menards, I save them. This again gives me a couple of hundred dollars.

Hope this helps someone!

I did the $5 thing one year. I had about $400 by BF. Its an easy saving plan.

#54 Angelus  OFFLINE  

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Posted Oct 18, 2017 - 1:37 pm

Just like last year, gift cards will be my saving grace for Black Friday this year. I have over $300 in gift cards to use. Once those ads leak, I'll have an idea where I want to use my cards at . Last year I went to Target, bought a 50 inch 4K tv, a PS4 controller, a vacuum cleaner and crook pot and my bill came to $540.17. Minus my gift cards, I paid $132.72. Went to Best Buy bought a PS4 bundle, came to $264.99 minus my gift cards, I only paid $14.99 for a PS4 and 3 games!!! Even the BB employee who checked my bag said that I made out good. What a rush that was.

#55 Love4Fashion  OFFLINE  

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Posted Oct 18, 2017 - 4:19 pm

I am terrible at saving and I always overspend during my holiday shopping. I have the tendency to impulse shop which kills my budget every year. I see many good ideas on how to save and hopefully I can use those ideas for next year.

#56 nhughes  OFFLINE  

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Posted Oct 18, 2017 - 9:09 pm

Now not sure if this is a bad idea or if anyone else thinks like me...I like saving up the gift cards idea and think Ill start doing that now.  Now I see Target has a promotion going on right now if you spend $250 on baby stuff, you get $50 back. Now for most of us, that is a hefty price tag (they have $20 with $100) wonder if you sell the stuff online, like ebay? That way you arent losing anything. Anyone think like this?


BLACK FRIDAY 2017


#57 budgetsRsexy  OFFLINE  

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Posted Yesterday, 2:28 pm

The good news is my dog is okay. The bad news is that the unexpected pricey vet bill is going to eat into my holiday budget (I figured it was better to take the hit in my shopping budget rather than put it on my credit card and pay interest). I think I should be able to still manage for the holidays but getting good deals is going to be even more important now.
I hope everyone's savings are coming along nicely!


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