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Shopping Tips for Black Friday and Cyber Monday

Written by:
Director of Education and Corporate Communications

Save money and avoid credit card debt over Thanksgiving Weekend.

Thanksgiving Weekend is the busiest shopping weekend of the year. Black Friday has historically been the biggest shopping day of the year, although Cyber Monday has started to push its way to the top. During the weekend between the two, chances are good that you’ll knock out at least some of your holiday shopping.

Last year, 165 million Americans shopped in stores or online between Thanksgiving and Cyber Monday. The average amount spent during the long weekend was $313.29, which is down from $335.47 in 2017. The National Retail Federation predicts big spending overall for the holiday season. Total sales are predicted to grow between 3.8 and 4.2 percent, meaning consumers will spend between $727.9 and $730.7 billion in total. The average household is expected to spend $1,048 this year. That’s a lot of money you may not have budgeted for!

Do you know how much you’re going to spend? Planning now can prevent you from piling on credit card debt while you shop for gifts. Especially if you plan on shopping in person on Black Friday, use cash instead of your cards. That way, when you get to the end of your cash, there’s no chance of adding to your debt.

Have a goal to finish the majority of your holiday shopping on Black Friday and Cyber Monday? Use these videos to guide you in creating a strategy that will help you save money and avoid excessive credit card use:

And remember, if you overspend over the long weekend and run into trouble with credit card debt, we can help!

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