Bank Deal: Earn 1.00% APY on an FDIC-insured savings account at Barclays Bank.
Let me start by wishing everyone a happy Thanksgiving holiday from all the writers here at FiveCentNickel. Hopefully you’re spending time with family, eating turkey, and falling asleep while watching the Lion’s lose.
(I can say that since I live in Michigan and am a long-time suffering fan!)
I don’t want to take up a ton of your time today being my usual wordy self, so instead I’ll just jump straight into my list of reasons why I will be avoiding tomorrow’s Black Friday pandemonium like the Black Death.
Reasons we avoid Black Friday
- We still have debt! And while we still have it, the responsible thing to do with any available money is to meet our debt obligations before spending it on wants. This is not to say we should not and will not be giving gifts this holiday season – I love to give – but we sure as shootin’ won’t be giving gifts picked up from Black Friday sales.
- We like to make our own Christmas gifts instead. It’s cheaper, and more thoughtful. Homemade, personalized gifts help you spend less and love more… All while spending creative time with those you love. For us, this is the only way to go. I’ll leave the all the frantic holiday shopping trips up to those who haven’t yet grown tired of it. If you’re like me and are tired of the hustle and bustle, try changing your holiday spending and focusing on personal connections instead this year.
- Most people need less stuff, not more stuff! I can’t think of one person in my life that needs any store bought gift that we could afford to buy. Don’t get me wrong… People have needs, but their needs are nothing that a Black Friday shopping trip is going to be able to fill. Most of the true needs that people have involve paying down their own debt!
- The crazy shopper factor! Have you ever been out shopping early on Black Friday? Those people are certified nuts! They get up when normal people go to bed and go wait in huge lines to “save money” on things they mostly don’t need anyway. Rather than fighting traffic, fighting lines, and fighting crowds we will choose instead to sleep in, cook a big hearty breakfast, and lounge around in our pajamas with a mug of our favorite hot beverage (mine is coffee, hers is chai latte). 🙂
- Breaking Free From a Culture of Temptation! To paraphrase from an article I wrote earlier this year:
‘Concerning the changes my wife and I have made in our pursuit of financial independence, most people think we’ve gone overboard. You don’t have to go back too far, however, to reach a time when our view was the majority view. In my opinion, this shift in personal financial standards is the result of cultural changes driven by media and advertising. Although we’re now tempted by fewer things, we still have to work to consciously pass our decisions through our filters of frugality. And even after doing so, we sometimes want to buy things that we don’t need.’
Is Black Friday ALL BAD?
All that said, can’t some people use Black Friday to get great deals on things they and their loved ones actually need? Sure, but common sense tells us those shoppers are a mere splinter group of society.
So, while it is possible to use Black Friday as a useful tool to purchase needed items for yourself or loved ones, using it for that is just not that common, and it’s just not for me. While a lot of folks are out there running around like chickens with their heads cut off, we’ll be at home spending time with loved ones, making homemade gifts, and relaxing with fresh ground coffee and hot chai tea!
So what about you?
Are you going to participate in Black Friday shopping this year? Or are you going to avoid it like the Black Death?
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math (693)
- Dish Network Customer Service SUCKS (536)
- $8,000 Homebuyer Tax Credit (429)
- Pay Off Mortgage Early or Invest? (424)
- How to Claim the First-Time Homebuyer Tax Credit (352)
- Termite Control: Sentricon vs. Termidor (329)
- How Much Should You Pay a Babysitter? (288)
- Ethanol Blended Gas = Lower Mileage? (272)
- Reduced Credit Limits? Share Your Experience (256)
- $15,000 Homebuyer Tax Credit (242)
- Buying Furniture off the Back of a Truck (237)
- Will Mac OS X Lion Kill Quicken 2007? (191)