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Black Friday myths

Dealnews has this great piece on Black Friday mythology that Tightwad wanted to share before everyone suits up for the mall.

Black Friday sales begin on Black Friday In fact, most major retail chains will debute Black Friday sales online on Thursday, Thanksgiving or before. Often deals will sell out before Friday - so if things get hot under the collar at your Thanksgiving feast, dash out to shop.

Doorbusters are free Many people believe that Black Friday is the day to score freebies but most doorbusters are just low-priced items meant to create a feeding frenzy.

Deals are so good, they're worth sleeping overnight on a curb in freezing weather for Most Black Friday deals are available online as well as in-store. Often with coupons - so stay home.

Nobody will beat Black Friday prices Not true. Major retailers offer various policies regarding price matching and in some cases, they will match and offer a better price.

Black Friday is the busiest shopping day of the year According to the International Council of Shopping Centers, the Saturday before December 25 is actually the busiest shopping day of the year. So, no.

Prices on Black Friday are the lowest of the year Eventually many sales will be matched or beaten later on. Retailers will often have in mediocre discounts with their doorbuster deals, in the hopes that shoppers will bite on high-profit items.

Black Friday is the best time to do your holiday shopping While it's true that several types of items will be available at rock-bottom prices, select categories will actually be cheaper if you wait. Hold off on toys, winter apparel and TVs.

If you have buyer's remorse, you can return your purchases Not. Stores tighten their return policies considerably during the holidays, making it harder to return items. Some retailers will only give you store credit even if you have a receipt. Don't be a "serial returner" either, you may be banned from the store. Remember to get a gift receipt for every item - that's a no brainer.

Signing up for a store credit card for extra discount is a no-brainer There's a reason why most people decline these offers, not the least of which is the fact that retailers dangle these offers to get consumers to overspend. Opening new lines of credit can affect your credit score, too.

All of the good deals are printed in Black Friday ads On Thanksgiving Day, major retailers have historically advertised additional Black Friday deals that weren't in their circulars. These "secret" deals are only found online, so the trick is to uncover them on the web on Thursday so you'll know about them when you arrive at the store on Friday.

You have go to an Apple Store in person for its Black Friday sale All of Apple's Black Friday sale prices will be available online with free shipping sitewide. However, most resellers — like Amazon, MacConnection, and MacMall — will offer discounts that will be twice as good and may also offer a sales tax advantage.

Black Friday is the best day to buy a new TV The lowest prices of the year will largely be attached to off-brand models. For the best deal on major brands wait until December or later when manufacturers release their 2012 models.

Big-ticket electronics need extended warranties This time of year retailers lower their prices, and then need consumers to purchase add-ons to maintain a profit margin. Don't be talked into buying a long, pricey warranty if you know a 1- or 2-year plan will do the trick. It's cheaper to buy a techie friend dinner in exchange for help than paying for in-home setup.


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