Black Friday: Be Careful and Don’t Make This Mistake

This is super timely: CNN Money shared some great advice about saving money today on Black Friday.

Stores are smart: They know they have you and are doing everything they can to get you to blow that budget big tim, so don’t get carried away.

Here are their five steps to avoiding costly mistakes on Black Friday:

1) Don’t open a store credit card;
2) Don’t buy the extended warranty;
3) Don’t buy gift cards: 2/3 of people will spend more than the face value of the card, meaning they will buy their own present (this doesn’t apply if the recipient asks for one, of course);
4) Beware of layaway plans with onerous terms; and
5) never pay full price. Beware of retailers who inflate the price, then claim a discount off that price.