TIP OF THE WEEK
Pretty much every American knows that Black Friday and Cyber Monday are big days for sales. But for many, Black Friday is more than just a chance to save big; it’s a tradition in its own right.
And this isn’t a trend that’s going away anytime soon.
In fact, the age group that is into Black Friday the most is millennials. Sixty percent of people between the ages of 18 and 34 say they are excited about shopping on Black Friday, according to a recent Flipp survey conducted by Ipsos. Clearly, shopping great sales is as hot as ever with this younger generation.
This year, we’ll probably see even better deals, and more people than ever will be flocking to the stores. This means that you’ll need a strategy to get the things you need at the price you want.
Create a budget. On average, shoppers plan to spend $475 over the Black Friday and Cyber Monday time frame. Create a budget outlining how much you want to spend on high ticket doorbuster items, or if you’re buying gifts, make a budget for each person on your list. This way, you stay on track of your spending and don’t fall for every deal in-store.
Go digital. Rather than shuffling through dozens of paper circulars searching for the best Black Friday deals, join millions of others by using a free shopping app.
Focus on the big items. There’s a secret to shopping that often holds true: The bigger the item, the bigger the savings. So if you have a long list and don’t know where to start, look to the higher ticket items, like electronics.
Check out the store before Black Friday. Check the store websites for “Store Maps” the days leading up to Black Friday, so that you can find where the doorbuster deals will be in-store and plan your route.
Research store policies in advance. Once you’ve mapped out where you need to go, be sure to call the stores in advance so that you clearly understand their policies on price matching, returns, exchanges and gift receipts.
Buy gift cards. To save even more money, buy gift cards at your grocery store the days before you shop. This works great if your grocery store offers gas points for money spent at the store. Many stores offer additional gas points for gift card purchases in the days leading up to Black Friday.
Know the “best” deals aren’t always the best. This may seem counterintuitive; after all, Black Friday is all about deals, deals, deals. But keep in mind, just because you get a monster discount doesn’t mean you’re getting the best product.
According to Forbes, the top 10 highest-paid dead celebrities are:
1. Michael Jackson ($75 million)
2. Arnold Palmer ($40 million)
3. Charles Schulz ($38 million)
4. Elvis Presley ($35 million)
5. Bob Marley ($23 million)
6. Tom Petty ($20 million)
7. Prince ($18 million)
8. Dr. Suess ($16 million)
9. John Lennon ($12 million)
10. Albert Einstein ($10 million)
NUMBER TO KNOW
$282 million: During the recent hurricane season, hurricane-affected customers spent $282 million in plywood, lumber, bricks, drywall, power generators and roofing material at Home Depot to either storm-proof or repair their homes.
Wearable sensors accurately detects hypertension, sleep apnea
According to a new study, wearable digital devices for monitoring heart rate and other vitals can be used accurately detect hypertension and sleep apnea. The study was conducted by Cardiogram and UCSF and found that data from wearable heart rate sensors can surface hidden patterns that predict whether a person is at risk for certain health problems when combined with machine-leading algorithms. Researchers said the study is to help spur business development around the use of wearables within preventative medicine, such as screeners fro major health care conditions.
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