Black Friday sales are in full swing before the big day, and with the cost of living still biting, many Australians are looking to save a few dollars.
A national Choice survey found more than 60 per cent of people are interested in buying something during the Black Friday sales, with just over a third finding the discounts worth waiting for.
Last year, Aussies made 40 per cent more purchases during Black Friday and Cyber Monday than during Boxing Day sales, according to ecommerce and logistics platform Shippit.
But just because products on your wish list are marked down doesnât mean you should be spending your hard-earned cash without some consideration.
âWhile there are certainly some good savings to be had in the Black Friday sales, itâs important to shop smart and take the time to ensure youâre getting the best deal possible,â Choice editorial director Mark Serrels said.
âWhen it comes to shopping the Black Friday sales, make sure you do your research into the items youâre considering purchasing, compare prices across stores, and donât buy something you donât need just because itâs on sale.â
With the peak of sales looming on Friday, here are Choiceâs top tips to keep in mind while bargain hunting.
Compare prices
Before you run to the checkout clutching a smartwatch thatâs been marked half price, take a breath â and a minute to do a quick internet search.
You just might find the same product cheaper elsewhere.
âIf youâre planning to purchase a particular product, whether itâs a kettle or a washing machine, make sure you compare prices across multiple stores,â Serrels said.
âThe first place you look may offer a 10 per cent discount, but thereâs a good chance it could be reduced by 20 per cent elsewhere.â
Donât be afraid to ask for a discount
It doesnât hurt to ask for a discount â even if the item youâre purchasing is already on sale.
Even outside of sales periods, some big brands allow staff to negotiate prices with customers.
âThe best way to do this is to head in store and ask them if itâs the best price they can do,â Serrels said.
âYouâll find you can usually shave a bit off the purchase price, particularly with big items such as mattresses and whitegoods.â
Brand names arenât everything
Whether it be a T-shirt or dishwashing liquid, an option from a more expensive brand isnât guaranteed to be better than a cheap home-brand alternative.
âDonât buy on brand name alone â make sure you take the time to do some research and check reviews online before you settle on a purchase.â
Avoid low-value extended warrantiesÂ
Choice research shows up to seven in 10 Australians wrongly believe that paying for an extended warranty gives them extra protections on their purchase.
Serrels said retailers often offer extended warranties for purchase of large products such as TVs or fridges.
But these warranties often arenât worth purchasing, as they usually provide the same or weaker protections than Australian shoppers already have under consumer law.
âIf someone is trying to sell you an extended warranty, ask them what rights it will give you beyond the ones you already have under the consumer law, and think carefully before saying yes to the purchase.â
Watch out for scam websites
Australians have lost more than $429 million to scams so far this year, according to Scamwatch.
Online shopping scams are the third-most reported type of scams.
âFake websites impersonating popular retailers have become far more common and sophisticated than they used to be, so take care when shopping online,â Serrels said.
âKeep an eye out for unusual URLs, big discounts, missing information or poor formatting and spelling, which may indicate the website is not legitimate.â
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