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What To Buy and Not to Buy On Black Friday

Now that I gave you my five smart money moves on how not to get ripped of on Black Friday, let’s talk about some specific items that should be on your naughty and nice list. With so many deals being fired off at you through email, it can be difficult to know where the best place to spend your time should be over this holiday weekend. Should you get out now on Thanksgiving when the deals start flying off the shelf? Is it best to go on Black Friday? Or perhaps you should wait until Cyber Monday and just sit in the comfort of your home striking deals on the computer. Here are five items to buy and five items to avoid during Black Friday weekend. WHAT TO BUY (these are all true if you can actually get in to score the Black Friday ad deal!!!!) Asus Intel Laptop @ Staples– How could anything be better than a $100 laptop? You ...

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Gift Happiness Is About Expectations Met Or Unmet

The holiday season will be upon us soon and what could be better than having your parents give you a large gift of cash, real estate, or stock? Now think about wrestling with unwrapping the emotional paper that will come along with this gift for the rest of your life. I have shared with people that happiness in life is largely dictated by expectations either met or unmet. When a parent gives a large gift to their children or grandchildren, there is often no discussion around the expectations that come along with the gift. (i.e.what type of wedding you need to have, what type of house you must buy, where your children must attend college) Consequently, most parents believe they have the right to start telling their children what to do with the money, and most kids feel obligated to listen to their parent’s advice part in fear of disappointing their parents or even worse worrying about never getting a ...

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Don’t Get Ripped Off On Black Friday

After the turkey, the football, and the one awkward conversation with your cousin that happened to get stuck at the card table with you at the end of the big Thanksgiving table, comes the second holiday during Thanksgiving week called Black Friday.  The day’s name originated in Philadelphia where it originally was used to describe the heavy and disruptive pedestrian and vehicle traffic which would occur on the day after Thanksgiving. Use of the term began by 1966 and began to see broader use outside Philadelphia around 1975. Later an alternative explanation began to be offered: that “Black Friday” indicates the period during which retailers are turning a profit, or “in the black.” (source: Wikipedia) People often ask me if Black Friday really offers good deals.    I have always responded with the answer, “It depends”.   The reason is that if you aren’t careful with your shopping you could end up paying the same prices you would have paid for merchandise ...

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The Year Of Two Black Fridays?

Every calendar year, the two major holidays of Christmas and Hanukkah confront us for planning our gift giving and family gatherings.    Usually, these holidays fall fairly close together in the month of December, as retailers get ready for the biggest part of the shopping year. However, just like the infrequency of total solar eclipses, sometimes the calendars don’t fall on the same cycles and Hanukkah can begin in the month of November.    This year, Hanukkah begins on the evening of Wednesday, November 27th with the first full day of Hanukkah on Thanksgiving.  The last time that happened was 1918. So, what does this mean Black Friday shoppers? For followers of Judaism, Hanukkah is an extended holiday lasting 8 nights.   The modern tradition for gift giving is to partake in a new gift each and every night.   This means as soon as Halloween costumes have been put back in the closet or thrown away in the trash, followers of Judaism will ...

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What do Bernie Madoff, Allen Stanford, and the word SALE have in common?

None of us like the idea of going bankrupt. The whole notion of losing all of our money or being in a financial position where we tell ourselves we have to give up and wave the white flag can be a simply awful feeling. We’ve seen over the past decade some colossal meltdowns of investments that, at first glance, appear to be bullet proof until they turned out to be massive Ponzi schemes and frauds such as in the cases of Bernie Madoff and Allen Stanford. In the flick of a switch, those millions and millions of dollars in investments became a black hole of nothingness seemingly overnight. So what in the world do these guys and the world SALE have in common? In helping many people manage their budgets and family finances, words like SALE, FREE, and ZERO are some of the most dangerous words in the English language. If you’re not careful with how you make up your ...

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