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CNN Money's Five Costly Mistakes to Avoid on Black Friday

CNN Money has some good advice about saving money on Black Friday. Retailers are doing everything to get you to blow your budget, so don't get carried away. Here are their five steps to avoiding costly mistakes on Black Friday:

1) Don't open a store credit card;
2) Don't buy the extended warranty;
3) Don't buy gift cards: 2/3 of people will spend more than the face value of the card, meaning they will buy their own present (this doesn't apply if the recipient asks for one, of course);
4) Beware of layaway plans with onerous terms; and
5) never pay full price. Beware of retailers who inflate the price, then claim a discount off that price. Take a look:



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Posted on November 24, 2011





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