Black Friday 2024: Shop Smart, Spend Wisely, and Choose Irish

Black Friday is here, and with it comes the allure of irresistible deals. While it’s tempting to dive in headfirst, a little planning can make sure your hard-earned money works for you, not against you. Plus, this year, why not consider supporting local Irish businesses? I have it on good authority that every time you shop local, a small business owner does a little happy dance! Here are our top tips for savvy Black Friday shopping:?

1. Make a list and stick to it

Impulse buys can quickly add up. Before you shop, jot down what you actually need (or plan to gift). This keeps you focused and helps avoid unnecessary splurges.??

2. Set a budget?

Decide on a spending limit that won’t impact your financial goals. Whether it’s savings, bills, or investments, protect what matters most and keep you eye on the long-term.??

3. Shop Irish first?

Before turning to big global retailers, check out local Irish businesses for quality, unique products and a chance to support jobs and communities here at home. Many Irish retailers offer amazing deals, and shopping local means your money stays in the economy. Some retailers will price match if you’ve spotted a bargain online – worth the ask!?

4. Do your homework?

Not every “deal” is a bargain. Be savvy and research prices to ensure you’re getting real value. Was this product marked up a few weeks ago, only to be ‘reduced’ again for Black Friday???

5. Think long-term?

Invest in quality over quantity. Prioritize items that will last for years, especially from trusted Irish makers and brands known for their craftsmanship.?

6. Pay smart?

Avoid going into debt for discounts. Pause before reaching for the credit card or taking advantage of buy now pay later options. If you do decide to purchase with a credit card, ensure you can clear the balance in full by the due date to avoid interest charges.?

7. Take a breather?

It’s easy to get swept up in the excitement, especially with online shopping. You popped on to order the Air Fryer everyone’s been banging on about and all of a sudden you’ve got 12 other spontaneous purchases in the cart. Step away from the screen or shelf for a moment, or overnight, before making big purchases. A quick pause can save you from buyer’s remorse.?

Enjoy the deals, but prioritise you?

Black Friday can be a great opportunity to save on essentials and gifts, but don’t let it derail your financial plans. The best purchase? Peace of mind knowing your finances are on track. Supporting Irish businesses and shopping thoughtfully means you’ll feel good about every purchase.?

For more tips on how to balance spending with smart financial planning, visit fpms.ie.?

Let’s make this Black Friday about smart choices, local support, and keeping your financial goals intact. You’ve worked hard for your money—make it count!?