Black Friday 2023: 5 ways to navigate the temptation trap and avoid impulsive spending

livemint.com:

As the holiday season approaches, so does the much-anticipated Black Friday, a day notorious for its unbelievable deals and overcrowded stores. While it can be tempting to dive headfirst into the chaos, shoppers need to be aware of the potential pitfalls that can turn this day of savings into a nightmare. 

Here are some pitfalls to avoid that can help you make the most of Black Friday without falling victim to impulsive spending.

Retailers often employ clever marketing tactics, making shoppers believe they are getting incredible deals. However, don't be fooled by inflated original prices or misleading advertising. Do your research and compare prices before making a purchase to ensure you're genuinely getting a good deal.

Black Friday can be overwhelming, with enticing displays and limited-time offers designed to make you throw caution to the wind. However, impulsive buying can lead to regret and financial strain. Before you head out, make a list of what you truly need or have desired for some time. 

With the excitement of the day and the allure of discounts, it's easy to get carried away and spend more than you can afford. It's crucial to set a budget and stick to it. 

Remember that just because something is on sale doesn't mean you need to buy it. Be mindful of your financial limitations and prioritise your purchases wisely to avoid accumulatingcredit card debt that could haunt you long after the holiday season.

Another pitfall to watch out for is the fine print of return policies. Retailers often have stricter return policies or shorter windows for returning items purchased on Black Friday. 

Be sure to read and understand the return policy before making any purchases, especially for big-ticket items or items that may