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Budget and plan for a successful holiday season

Consumers spend billions of dollars on Black Friday and Cyber Monday every year. Most people in New Jersey participate in these sales that offer great deals in advance of the holiday season. To avoid overspending on these popular shopping days, consumers should consider these tips.

Many retailers offer special pricing on Black Friday and Cyber Monday. It could be tempting to take advantage of all of them. However, to avoid going into debt, consumers should set a budget and stick to it. Spending too much could result in Chapter 7 bankruptcy later. After all, many of the deals offered on those two days will be available again.

Good budgeting starts with a plan. Consumers should review all of the sales and hours. Some retailers start their sales on Thanksgiving and others open very early on Black Friday. By getting in line early at the stores with the best deals, consumers have a better chance of purchasing what they really want or need at the best pricing of the year.

When purchasing gifts, it's important to know the return policy. Most retailers will provide gift receipts if requested. Providing a receipt with clothing or household items could save the recipient time if they need to exchange their gift. Giving them a gift receipt keeps the price and other purchases made at the same time private.

Despite budgeting and planning, many consumers spend more than they intended on holiday shopping. If the debt becomes overwhelming, a Chapter 7 bankruptcy attorney may be able to help. This debt relief program might help a consumer get back on their feet with a clean slate. Credit counseling is a requirement of Chapter 7 bankruptcy and may help the client make better financial decisions in the future.

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The Law Offices of Jonathan Stone
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