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Smart Spending: How to do Black Friday week right

Associated Press Modified: November 8, 2012 at 1:46 pm •  Published: November 8, 2012
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NEW YORK (AP) — Get ready for Black Friday week.

Stores are making a big push to lure in bargain-hungry shoppers before the Friday after Thanksgiving, the traditional start of the holiday shopping season. They are putting on special sales that further creep into Turkey Day — and earlier.

For the first time, Disney Stores, Sears and Kohl's are among the stores offering at least some of the same Black Friday deals to customers a few days before Black Friday.

"It's no longer Christmas creep. It's Christmas crush," said Marshal Cohen, chief research analyst at NPD Inc., a market research firm, referring to the bevy of Black Friday deals that shoppers will be able to buy earlier that week.

Many are also targeting smartphone shoppers with apps that make it easier to shop the deals. Macy's shoppers using the department store chain's new Black Friday app will even get alerted to special unadvertised deals while they're in line at the store.

But don't get caught up in the shopping madness. A smart and measured approach to buying will preserve your holiday budget.

"You need to keep your wits about you," said Jodi Furman, author of a blog called Livefabuless.com. "You can't allow the urgency and overwhelming excitement to carry you away. "

Here's how to do Black Friday the smart way:

— RESEARCH THE DEALS AND COMPARE PRICES: With Thanksgiving two weeks away, you should start mapping out a strategy now. Make a list of what you want and how much you want to spend. Check out decide.com, which uses data to help you decide the best time to buy a certain product.

A bevy of websites already have posted stores' Black Friday deals. Check out sites like bradsdeals.com and the blackfriday.com that list hours and circulars for the holiday weekend.

Brad Wilson, an online deal expert and founder of BradsDeals, thinks stores are staggering sales events throughout Black Friday week to create a "lot of noise" and make it difficult for smartphone-toting shoppers to compare prices.

A few years ago, it was easier to make "quick and imperfect decisions," he said. "Now, the tables have turned and consumers have a transparent view of the landscape."

— USE SOCIAL MEDIA: Follow your favorite stores' Twitter feeds and click the "Like" button on their Facebook pages. Stores will use their social networks to update shoppers on deals and store hours, says Carey Rossi, editor-in-chief of ConsumerSearch.com. Wal-Mart Stores Inc., for example, unveiled its Black Friday deals on Walmart.com, its Facebook wall and mobile app on Thursday. Those who sign up to get email, download the app or "Like" its Facebook page will be among the first to get early access to special Black Friday store items to buy online and via the mobile app.

Meanwhile, Kohl's Facebook fans will receive exclusive savings during the holidays through Friday flash sales.

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