Most of us are pretty irrational when it comes to our spending habits. We don’t think twice about small daily purchases — but if a price tag crosses a certain threshold, we start to feel uncomfortable about our buying decision.
This mindset is not good for your bank account. Small purchases are usually low-value and have a very short gratification period. Larger purchases, while a bigger investment, usually pay for themselves and continue to improve our lives over time.
With all of the holiday sales starting, now is a great time to start thinking harder about the things you buy.
This Black Friday I challenge you to rate purchases in terms of value and long-term return. Avoid picking up a bunch of cheap things just because they’re a “great deal” and go for items that will improve your life and save you money next year. Here are nine examples of purchases that check both boxes and are even better buys on Black Friday.
1) Restaurant Gift Cards
You probably don’t have every weekend planned out for 2019 but one thing I can guarantee you’ll do is eat at your favorite restaurant.
On Black Friday, many restaurants offer a bonus gift card when you purchase a certain denomination (you’ll see deals like buy a $100 gift card and get an extra $20). This is a great way to lower your food spend in 2019 without changing your eating habits. Just check the fine print as some “bonus” gift cards will need to be spent by a certain date.