Nov 25 2009

Why You Shouldn’t Go Shopping On Black Friday

There are a bunch of Black Friday ads out already along with articles all over the place that share the tactics and strategies for efficient bargain hunting. This post won’t teach you how to make the most of this shopping holiday but it will advocate the utter disregard of its existence.

I do not want to be a sucker for Black Friday and I’ve also made it a day that I will not spend a penny on shopping.

Here are my reasons that you shouldn’t go shopping on Black Friday:

  1. You worked too hard for your money.
    The National Retail Federation states that the average American consumer will spend $683 on gifts during the holiday season. How many work hours is that equivalent to? With the recent interest hikes on credit cards, carrying a balance during this time of the year is not a good idea.
  2. You don’t have camping gear.
    If you don’t own a tent, just give up now because your hopes and dreams of a 50-inch HDTV for $200 have been shattered. You will never beat the truly dedicated shoppers who have set up their campsite 2 feet from the doors of your local Best Buy.
  3. You can’t use the restroom for HOURS.
    Great, you are among the first five people on line but there are still 2 more hours before the store opens. And, you’ve been chugging espresso shots in addition to the large coffee you are holding to keep you awake. Need to go to the restroom? Too bad you cannot. The fifty people behind you are secretly hoping you drink more because they can’t wait to move up on the line as you sprint to a restroom with a leaking bladder.
  4. You might die.
    Last year, an employee was trampled to death as the doors to Walmart opened at 5 a.m. well, you don’t predict that you’ll be run over by a mob of bargain-hungry shoppers, right? But, so did this employee – therefore, you shouldn’t trust your psychic powers.
  5. You are broke.
    Open your wallet and take a good look. You almost maxed out all your credit cards. Your balance on your checking account is low. There are two $1 bills and a coupon to McDonalds. If you can’t afford it, stay home. Keep that money to reduce your debt.
  6. You are licking the bottom of the barrel.
    Many of the items on sale on Black Friday are leftovers – stuff people didn’t want. Even at super-low prices, you may find that these items are worthless to you. But, why do you still feel like going to that store? Well, that’s the whole point of the large discounts. This is a classic foot-in-the-door marketing technique to get you to buy things you didn’t expect to buy but you did so any way.
  7. You know Black Friday is a marketing sham.
    Black Friday is all about the hype and the “tradition”. Who really wants to stand on a long line in freezing temperatures while running on 4 hours of sleep and a Red Bull? With hundreds of people around you taking something home with them, you’ll want to grab something yourself as well so you don’t feel left out – even if you have to pay full price for it.

If you feel that these reasons do not convince you to stay home and you insist on shopping on Black Friday, please remind yourself to be safe and stay money-wise.

(Photo credit: dalangalma)


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6 Comments on this post

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  1. Black Coffee: My Favorite Blogs, Money News & Opinions #23 wrote:

    [...] Black Friday, Simon is promoting the “utter disregard of its existence,” and tells us why we shouldn’t go shopping on that day.  My favorite reason – “You might die.”  Well, it’s true.   Check out [...]

    November 25th, 2009 at 10:16 pm
  2. The Ultimate Black Friday Roundup wrote:

    [...] Why You Shouldn’t Go Shopping On Black Friday (Realm of Prosperity) [...]

    November 26th, 2009 at 9:11 am
  3. The Best of Black Coffee: 43 of the Worst Personal Finance Articles of 2009 wrote:

    [...] Black Friday, Simon is promoting the “utter disregard of its existence,” and tells us why we shouldn’t go shopping on that day.  My favorite reason – “You might die.”  Well, it’s [...]

    December 30th, 2009 at 9:42 pm
  1. Len Penzo said:

    Terrific post, Simon! Great points, all – especially number 4! LOL

    I knew there was a really good reason why I stay home every year on Black Friday. :-)

    Best,

    Len
    Len Penzo dot Com

    November 25th, 2009 at 2:07 pm
  2. ctreit said:

    Thanks for this post! I was feeling funny because I have never experienced Black Friday live. I felt like I was the only “ignorant” person who has absolutely no interest in this event. – I saw people lining up outside of a Toys R Us at 11:00 pm last night. What was the sale that might have started at midnight, or at 4:00 am? How many dollars could you “save”? Well, “saving money” does not really apply since people do spend on Black Friday as far as I know, right?

    November 27th, 2009 at 6:40 am
  3. Jake said:

    I never go shopping on black friday anymore. A lot of times you can get great deals the days following black friday as well, without having to deal with the crowds. Do your research, look online as well as in your paper, chances are you will find the deal you are looking for without waiting in huge lines on black friday.

    December 4th, 2009 at 11:27 am

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