This year more than ever retailers will be trying hard to get you to part with your hard-earned money. There will be pre Christmas sales and bargains long after Black Friday and Cyber Monday. With Christmas a few weeks away perhaps it would be wiser to hang fire. Shop around, be it online or on the High Street, take your time and purchase well.
Having some idea of what you want to buy helps.
If you shop "blind" you will be more likely to spend more than you should. Online retail outlets, just like the shops, are full of goods you never knew you wanted or needed and in many cases cannot afford.
Black Friday and Cyber Monday also increase the temptation to buy now and pay later. Not a good idea. Pay for purchases online with a switch or debit card so you are not paying for Christmas well into the New Year or even beyond.
One factor specific to the UK is that Chancellor George Osborne is due to make an Autumn statement, or Budget. It is doubtful that it will have a real positive effect on retail trade but it could. It could also cost you dearly in many ways.
Take care and look after your money this Black Friday and Cyber Monday.