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Facts and figures for Thanksgiving this year

Tips for Black Friday shoppers

Screen Shot 2016-11-23 at 10.36.10 PM

Are you a Black Friday shopper? Some people are giving up on the madhouse shopping day, but bargains can be had if you’re willing to fight the crowds.

WalletHub, a personal finance website, offers these tips from its recent studies and reports:

  • Video games – software only – will offer the most value on Black Friday 2016 compared to their current prices, while jewelry is expected to be the worst deal.
  • 99 percent of store credit cards don’t charge an annual fee, and the average card offering rewards in the form of discounts gives you more than 19 percent off your first purchase, according to the 2016 Store Card Landscape.
  • All major retailers offering 0 percent financing use a dangerous feature called deferred interest, which has the potential to make holiday purchases up to 27.5 times more expensive than expected.

Happy Thanksgiving and happy shopping.

Copyright 2016, Rita R. Robison, Consumer Specialist

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