Phil's
Personal Finance Tip of the Day:
What NOT to Buy on Black Friday
By Farnoosh Torabi | Yahoo!
Finance-6 hours ago
Black Friday traditionally kicks of the holiday shopping season and for many of us, a day of deals and discounts is a holiday unto itself. But before you camp outside of your favorite store in the cold, keep in mind not every sale on this day is the ultimate bargain. Here’s what not to buy on Black Friday.
High-End TVs
HDTVs are a hot holiday item, and on Black Friday, retailers will offer them at some of the lowest prices ever seen. DealNews.com, a site that compiles the best online deals, predicts 32” LCD TVs will go for as low as $159 – but these rock-bottom prices will only be available on lower-end brands. High-end HDTVs are actually priced lower in January, before the Super Bowl.
Doorbusters may be the exception, but of course there’s not always enough to go around. Retailers typically advertise extreme deals on a few items just to generate buzz and get shoppers through the doors. For example, last year Best Buy offered a Sharp 42” HDTV for $199 but only 10 sets were guaranteed per store.
Toys
While it may be tempting to buy early, DealNews says you can save up to 63% on popular toys by waiting until the two weeks leading up to Christmas for the lowest prices of the season. But of course don’t wait until the last minute. Decide.com, a site that helps consumers know when to buy, warns that some of the most sought-after toys could sell out quickly, rising by as much as 200% if they become scarce.
Jewelry
Looking for something sparkly for that special someone? It may already be too late to get the best price. According to Decide.com, watches and jewelry increase in price steadily from October through December. The best time to buy these items is actually during spring and summer months, when demand is typically lower.
To read the entire article from Farnoosh Torabi | Yahoo! Finance:
http://finance.yahoo.com/news/what-not-to-buy-on-black-friday.html
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