Financial Fitness with Alan Akina - Black Friday

23 Nov 2011 · 1 min

Watch on YouTube

1:09

In this short YouTube segment, hosts introduce the upcoming Black Friday (or "Black Thursday") and ask financial expert Alan Akina how consumers can avoid overspending. Akina observes that retailers are starting their Black Friday promotions earlier, with holiday decorations appearing before Halloween and stores opening at midnight. He then outlines six practical tips to stay financially disciplined: (1) research the products you intend to buy to avoid paying for low‑quality items; (2) review Thanksgiving‑day newspaper ads to gauge upcoming sales; (3) create a detailed shopping plan, including a list of gift recipients and intended purchases, and stick to it; (4) resist the hype and emotional pressure of the event; (5) [the transcript cuts off before tip five]; and (6) [the transcript cuts off before tip six]. The overall message is a conversational, supportive guide encouraging proactive planning and emotional self‑control to prevent impulse spending on Black Friday.

Well, Black Friday, or maybe Black Thursday this year, it's like 10 days away.
How do you avoid overspending on that big day? Financial expert Alan Akina has some helpful tips in Financial Fitness.
Good morning, gang. Have you noticed that the big retailers started promoting Black Friday earlier this year? Christmas decorations were up well before Halloween, and their marketing departments, they're trying all sorts of tricks to get you and I to shop with them. More stores than ever will be open at midnight. Now, these 6 Black Friday shopping tips will help you to stay in control. Number 1, research the products you plan to buy first. No matter how good the price is, it'll always be a rip-off if the product is bad. Number 2, check out the Thanksgiving Day newspaper ads to get an idea of all of the sales. 3, have a plan and stick to it. Jot down notes, know who you need gifts for and what you're going to get them, then skip on those impulse purchases that you might regret later. Number 4, don't get caught up in all of the hype of the event. Emotions is what gets you to pull