In 2011, the average shopper spent $542.61 on gifts alone for family, friends, co-workers and pets. This year, however, the National Retail Federation (NRF) predicts that holiday sales will reach an unparalleled $586.1 million, a 4 percent increase over last year.
Instead of using a credit card for Black Friday purchases, Go Banking Rates helps shoppers cut back on current expenses leading up to the Thanksgiving weekend in order to ensure consumers survive Black Friday painlessly.
For example, Teri Gault CEO of TheGroceryGame.com, shares that, leading up to Black Friday, consumers can “use local transportation or carpool whenever possible, [which] saves over $40 per full tank of gas.”
Additionally, Gault encourages drivers to reassess their daily commute to calculate their true transportation costs using CostofCommuting.com, a commute projection calculation that shows a dynamic picture of how drivers’ wallets are impacted by their time on the road.
In the feature, Go Banking Rates identifies eight effective ways to save up to $1,000 to round-out shopping funds in time for Black Friday:
Bring food to work
Buy groceries at a dollar store
Skip the drycleaners
Stay in on weekends
Click here to see the full article. (http://www.gobankingrates.com/
The level of savings shoppers stand to make for Black Friday is based on their personal financial circumstances, but employing these solid tips will undoubtedly help to hit the $1,000 mark.
About Go Banking Rates
Go Banking Rates (http://www.GoBankingRates.com) a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information. Go Banking Rates also regularly publishes expert advice from personal finance professionals.
GoBankingRates.com is a division of ConsumerTrack, Inc., an 8-year leader in online lead generation, performance-
For questions or comments, please contact:
Jaime Catmull, Director of Public Relations
JaimeC (at) GOBankingRates (dot) Com