Retail Bootcamp: Stock Up On Your Gift Reserve During Black Friday

Retail Bootcamp is a series that will teach you step-by-step basics to saving money on Retail for yourself, home, gifts, holidays, etc...

Black Friday is the perfect opportunity to start working on your Gift Reserve for 2012.

What is a Gift Reserve or Gift Stockpile? 

Creating a "reserve" of items you've bought at rock bottom prices.

Why should I Stockpile a Gift Reserve?

Typically, if you buy a gift at the moment of need, you'll spend more than if you planned ahead. Our goal is to cut your Gift Giving Budget. If you buy items at rock bottom prices, you can stock up for a gift giving opportunity.

Where should I keep my Gift Reserve? 

Anywhere you have space. Consider using a spare drawer, a box in the attic/closet or under the bed. (Just make sure little fingers can't find it.)

How will I know what gifts I'll need in the future? 

Plan ahead. Make a list of all birthdays, weddings, anniversaries. If you have three weddings this summer, you can buy three gifts when you find a great deal and save money. You can also buy gifts that are age specific to your child(ren), because inevitably they'll be asked to parties by their classmates. Be an opportunist when it comes to great deals.

What about Gifts off a Gift Registry? 

Would your friend be happier to know you put yourself in a financial disadvantage because you felt compelled to buy something expensive off their registry rather than buying them a high quality gift at a fraction of the cost? If you're on a tight budget and you give a generous thoughtful gift, it shouldn't matter.

How do I get started? 

Again, plan ahead. Make a list of all gift giving events. Think outside the box and stay posted to Your Retail Helper. We'll find the great gift giving deals out there.

CHALLENGE 

As you prepare for Black Friday and Christmas/Holiday Shopping make a list of gifts you'll need throughout the year and watch for hot deals on those items.

REMINDER

Check back every Thursday afternoon for our Retail Round Up, which is a huge list of printable mall and store coupons you'll need for your weekend shopping! BTW - Have you checked out our new "Retail 101"  or Black Friday 101 ebooks?

Don’t want to miss a single deal? Go here to get Hot Deals sent directly to your Inbox! Thanks for joining Your Retail Helper.

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