May the Force be with you – don’t click

Black Friday turned into hefty cyber sales. Today, is officially Cyber Monday, so the expectation is high for even more sales. However, a key financial lesson is if you don’t buy, you save even more money. So, use the Force to not click.

I realize I am not telling anyone anything new. But. people want your money, so they will make it easier to get it. I think there has been a trend toward more personal purchases from holiday gifts. It is clear the car commercials have gone down that path to lower year-end inventory. If you must buy a car, your best savings will be at the end of December not the beginnning.

Yet, resist the urge as much as you can. I tell people you can go broke saving 1/2 off if it leads to more purchases. The other reason to resist is the hyper-commercialization of Christmas. This is a key reason I am frustrated with the infringement on my favorite holiday of Thanksgiving.

So, use the Force. Resist the urge. Don’t click on Submit or click far less. Black Friday and Cyber Monday lead to Red Debt.

The best way to save

I could not think of a better day to state the obvious way to save money. Don’t spend it. There, now it is out in the open.

Being a retired old fart on a fixed income, I have learned that I don’t need the latest and greatest thing, if what I have is working just fine. I also don’t value my worth by what I own.

Yes, my IPhone is four years old, the same age as my laptop. They are working fine for my purposes. Yes, I am driving the same car for over nine years and will keep it longer, as will my wife with hers. And, no I don’t want to sell my house, even though I get requests from realtors monthly to do so. Nor do I need another credit card.

I recognize people want our money. They will market consistently, often aggressively, and sometimes fraudulently to get me to buy something. Yet, we can choose not to give it to them.

So, on this Black Friday, choose not to spend. If you must, consider this option. Move Christmas back a week and buy after Christmas when retailers are looking to unload inventory.

Shop wisely, or not at all. Happy holidays.