For a long time, Black Friday was characterized by lines of overnight campers and big crowds trying to score the best bargains on one day a year. But times, as they say, are a-changing. In 2005, Cyber Monday invited shoppers online, and in recent years retailers began offering deals throughout the entire month of November. Black Friday has followed suit by adding online sales to in-store offerings. This is both good and bad: you can shop safely from your own home, but it’s also very easy to overspend.
In the spirit of the saving-as-you-spend season, here are some tips on how to prevent clicking “add to cart” a few too many times. After, we’ll look at some of Canada’s best Black Friday and Cyber Monday sales in 2020.
I. Set a spending limit and stick to it
Black Friday deals and Cyber Monday sales can be extremely tempting and without a budget it is easy to overspend. When creating a budget, be realistic about how much extra money you can spend without going into debt. This may mean passing on a good deal or buying only what you need, rather than want. Remember though, if you’re putting a purchase on credit, the deal becomes less impressive once you add in interest. With Black Friday and Cyber Monday spread out over several weeks, you may find yourself in a month-long shopping frenzy, so budget and plan.
II. Unsubscribe from promotional emails
The saying “out of sight, out of mind” applies to many things, including sales at Walmart and Best Buy. Emails promising the BEST DEALS EVER!!! is a veritable Pandora’s inbox for spending.
Promotional emails will make you aware of Black Friday sales that you otherwise might not know about. It might not occur to you to check Cyber Monday at Sephora unless you get that email, so head it off at the pass and unsubscribe. For an added bonus, your inbox will be much tidier.
III. Don’t panic
Nothing gets the adrenaline pumping and anxiety surging like crowds of desperate bargain hunters and items flying off shelves. Online shopping reduces this sense of urgency, but retailers often have messaging such as “Hurry! Almost sold out” or “Only two left!” to encourage shoppers to buy without thinking.
If it’s not an essential good, the chances are you can wait for the next sale. In that time, you may realize you want a Toshiba TV rather than an LG, or that you don’t really need a slushie machine.
Remember: a good deal isn’t a good deal if you can’t afford it or never use it.
Where to find the best deals for Black Friday & Cyber Monday
With all these tips in mind, it’s possible for Canadians to make the most of Black Friday and Cyber Monday. Many retailers keep their best bargains under wraps until the last moment, but here are some of Canada’s best deals that we’ve found so far.
- iPhone 11 64GB for $0 upfront on a 24-month plan with Fido
- Save $300 when you buy 3 or more major appliances from the same brand
- Acer Aspire TC Desktop PC is $200 off
- Smart TVs are up to $1000 off
- Amazon Echo Dot at 43% off
- $150 off Sony headphones
- Up to $55 off Xbox games
- Discounts on Breville appliances
- Up to 50% off select Ring security products
- Electronics are up to 50% off (check out Apple Airpods for $179)
- Homewares are up to 30% off
- Furniture is up to 50% off (Think: home office upgrades)
- Large appliances are up to 40% off
If you’re in the market for a new cellphone, take a look at Costco this Black Friday. You can save $390 or $600 over two years with Bell, Rogers, Fido, and Virgin Mobile for Samsung Galaxy S20 FE 5G and LG Velvet 5G phones.
2. Best Buy Canada
Best Buy also has a number of deals on iPhones and Androids, and of course, major electronics brands.
This retail giant has more Cyber Monday and Black Friday deals than we could list, but here are some exciting offers:
Like Amazon, Walmart also has enough deals for everyone. Here are some of our favourites:
In fact, if you’re hoping to make your home more energy-efficient and eco-friendly, this might be the perfect time to do it. Best Buy, Walmart, Costco, and Amazon are all offering deals on appliances and Smart Home technology, which can save you money in the long run.
IKEA Canada has taken a refreshing and environmentally friendly approach this sale season. Ikea’s Sell-Back program will let customers sell back their old IKEA furniture to the store in return for a store credit. From November 16 to December 2, IKEA will pay double the Sell-Back price.
Get a Black Friday loan with Fresh Start Finance
If you don't have savings to take advantage of Black Friday & Cyber Monday sales, you can look into getting an online personal installment loan. No matter where you live in Canada, Fresh Start Finance makes the loan approval process quick, easy, and stress-free:
- Borrow up to $15,000: Loans range from $600 to $15,000!
- All credit scores welcome: Get approved even if you’re credit is low or are new to credit.
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- Customizable repayment schedules: Spread your payments out up to 60 months, or pay it all back as soon as you want!
- Credible online lender: Check out over 1,500 reviews on Trustpilot.