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Black Friday 2024: The Ultimate Guide to Deals and Discounts

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Black Friday 2024 is just around the corner, and it’s the perfect time to score incredible deals on everything from electronics to home goods, fashion, and more. Whether you’re shopping for holiday gifts or snagging something for yourself, this ultimate guide will help you navigate the frenzy, compare online vs. in-store strategies, and maximize your savings.

Please note: this post may contain affiliate or referral links which means that if you click through them and make a purchase or sign up for a service, we may be financially compensated for directing you there.

Black Friday Ultimate Guide to Deals and Discounts

Best Stores for Black Friday Deals

From major retailers to niche shops, here’s where you should look for the best discounts:

Related: Join our daily deals group on Facebook to get see some of the best deals from these stores and local Mid-Michigan businesses too on a regularly basis.

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Online vs. In-Store: Which is Better?

Choosing between online and in-store shopping depends on your priorities.

  • Online Shopping:
    • Pros: Convenience, no need to brave the crowds, and exclusive online-only deals. Many retailers also offer free shipping or curbside pickup.
    • Cons: Limited stock may sell out quickly, and delivery delays are possible for popular items.
  • In-Store Shopping:
    • Pros: Immediate access to products and the ability to see items in person before buying.
    • Cons: Crowds, long lines, and the risk of some items being sold out before you get there.

Pro Tip: Use retailer apps to snag doorbuster deals online before the stores open, then visit in-store for any items still on your list.

Strategies to Maximize Savings

  1. Start Early: Many stores launch Black Friday sales as early as November 1, with additional discounts on Thanksgiving Day or Cyber Monday.
  2. Plan Your List: Write down what you need, compare prices across multiple stores, and prioritize high-ticket items.
  3. Set a Budget: Avoid overspending by setting a clear spending limit and sticking to it.
  4. Leverage Rewards Programs: Use store rewards, credit card cash back, or points to stretch your dollars further.
  5. Shop Small Businesses: Many local stores participate in Black Friday promotions and may offer unique items and deals you won’t find at major retailers. You may also have good luck on Small Business Saturday too which comes right after, you guessed it, Black Friday.
  6. Price Match: Many retailers honor competitor prices during Black Friday. Check their price match policies and come prepared with proof.

Pro Shopping Tools and Apps

  • Honey or Rakuten: Add-on browser extensions that apply coupons and cashback rewards at checkout.
  • Flipp: Scan weekly ads for the best deals near you.
  • Pepper (app.gopepper.com): Before you make a purchase, buy a gift card through Pepper and use that at checkout. Most major retailers can be found on this app and you’ll earn gift cards with the points you redeem. This has been a great super hack when shopping on Amazon which typically doesn’t qualify for most other cashback reward programs.

Bonus Tips for Success

  • Check Reviews: Don’t get swept up in low prices without checking product reviews to ensure quality.
  • Keep Receipts: Many stores offer extended holiday return policies, so save your receipts just in case. Plus, you’ll want to scan them for extra cash back and gift card opportunities.
  • Stay Safe: If shopping in-store, be mindful of your surroundings and avoid over-packed areas during peak times.
  • Go in with a Plan: Remember, it can be easy to actually overspend when you see numerous great deals posted. That’s why it is always important to have a plan and stick to it. For us, we usually budget out the amount we are going to spend per person so that we know what parameters we have to work within. This helps us to actually save money, instead of spending more money than we would have otherwise.

Final Thoughts

Black Friday 2024 promises something for everyone, from unbeatable prices to the thrill of finding that perfect deal. By planning ahead, staying flexible, and using smart shopping strategies, you can score big while keeping your budget intact.

How to Save on Holiday Travel: Tips to Save on Flights, Accommodations and Car Rentals

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The holiday season is a time for family, friends, and festive gatherings—but it can also be one of the most expensive times of the year to travel. Whether you’re booking flights, reserving accommodations, or securing a rental car, the cost of holiday travel can add up fast. But with a little planning and strategy, you can still make it to your destination without blowing your budget.

Here’s how you can save money on flights, accommodations, and car rentals this holiday season.

Please note: this post may contain affiliate and referral links which means that if you click through the link and make a purchase or sign up for a service, we may be financially compensated for directing you there.

Save on Holiday Travel Image

1. Save Money on Flights

Book Early (But Not Too Early)
The earlier you book, the better—but there’s a sweet spot. Aim to book flights about 1-3 months before your trip for domestic flights and 2-6 months for international travel. Use flight tracking tools like Google Flights or Hopper to monitor price changes and snag the best deal.

Be Flexible with Travel Dates
Traveling a day or two before or after major holidays can save you big bucks. Avoid peak travel days, such as the day before Thanksgiving or December 23rd, and consider flying on the holiday itself when prices tend to be lower. Non-holiday travel? Consider booking flights on Tuesdays and Thursdays – we’ve often had good luck saving money on fares that way.

Use Points and Miles
If you’ve been racking up credit card points or frequent flyer miles, the holiday season is a great time to cash them in. Check for reward availability as early as possible, as these spots tend to fill up quickly. We’ve had good luck with Southwest Rewards and are currently trying out Delta Miles – both through American Express. Another program you may want to consider checking out is Built – you can earn points that can be redeemed point for point through a variety of airlines and other travel services.

Consider Alternative Airports
If you’re flying to a major city, consider nearby airports instead. A short drive or train ride could save you hundreds of dollars on your flight.

2. Save Money on Accommodations

Book Directly with Hotels
While third-party booking sites can offer deals, sometimes booking directly with the hotel gives you access to exclusive discounts, perks like free breakfast, or flexible cancellation policies.

Try Vacation Rentals and Home Shares
Platforms like Airbnb, Vrbo, and Booking.com can sometimes be cheaper than hotels, especially if you’re traveling with a group. Look for properties with kitchens so you can save on dining expenses as well.

Traveling through Mid Michigan? Stay with us at our short-term rental in Lake, MI.

Use Loyalty Programs and Rewards
If you’re a member of hotel loyalty programs (like Marriott Bonvoy, Hilton Honors, or IHG Rewards), you can unlock discounted rates, free nights, and other benefits. Check if you’re eligible to use your points for holiday stays.

Look for Last-Minute Deals
If your travel plans are flexible, apps like HotelTonight offer steep discounts on last-minute hotel bookings. Just be prepared to act fast since availability may be limited.

Related: Visiting Orlando, FL? Creative Ways to Save $$ On Travel

3. Save Money on Car Rentals

Book Early and Lock in the Rate
Just like flights, rental car rates can increase closer to the holiday season. Book early and look for rental companies that offer free cancellations or rate adjustments so you can rebook if prices drop.

Check Off-Site Locations
Rental car prices at airport locations are often higher due to airport fees. Consider renting from an off-site location and taking a shuttle or rideshare to the rental agency.

Use Membership Discounts
If you’re a member of AAA, AARP, or certain credit card programs, you may be eligible for rental car discounts. Check for coupon codes and partnerships with rental agencies like Hertz, Enterprise, and Budget.

Avoid Unnecessary Upgrades and Add-Ons
Rental agencies may try to upsell you on larger vehicles, GPS devices, or insurance. Decline these extras if you don’t need them. If you have rental car insurance through your credit card or auto insurance policy, you may not need the agency’s coverage.

Compare Prices Across Multiple Sites
Don’t settle for the first price you see. Compare rental prices across multiple sites like Kayak, Expedia, and the car rental’s direct website. Also, consider aggregator sites like AutoSlash, which can apply available discounts automatically.

Additional Tips to Save on Holiday Travel

  • Pack Light: Avoid checked bag fees by packing everything into a carry-on. This also helps you avoid potential delays if luggage gets lost.
  • Travel Insurance: Consider travel insurance, especially if you’re flying during the winter when weather delays are more common.
  • Check Your Credit Card Perks: Some credit cards offer travel-related benefits like free checked bags, travel insurance, or access to airport lounges—all of which can make your holiday travel experience smoother.

Related: How to Redeem FREE Travel Miles When Your Luggage Is Late

Holiday travel doesn’t have to drain your wallet. By following these tips for flights, accommodations, and car rentals, you’ll be on your way to a more affordable, stress-free holiday trip. With a little flexibility, early planning, and smart use of loyalty programs and travel tools, you can keep your travel budget intact and enjoy the holiday season to the fullest.

Maximizing Your $550 EITC Check: Smart Ways to Utilize Funds in Michigan

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Receiving unexpected money, especially a tax refund or credit, can be an excellent opportunity to improve your financial situation or treat yourself. If you qualified for the Earned Income Tax Credit (EITC) in Michigan for the tax year 2022, you may be eligible to receive a $550 check. While it might be tempting to splurge on something fun, there are strategic ways to utilize this money that can benefit you in the long run. Let’s explore some of the best ways to make the most out of your $550 EITC check in Michigan.

Debt Repayment

One of the most prudent uses of unexpected funds is to pay off outstanding debts. Whether it’s credit card debt, personal loans, or medical bills, reducing your debt burden can significantly improve your financial well-being. Consider using a portion of your $550 check to tackle high-interest debts first, as this can save you money on interest payments over time.

Emergency Fund

Building or bolstering an emergency fund is crucial for financial stability. Aim to set aside enough money to cover at least three to six months’ worth of essential living expenses. If you don’t already have an emergency fund, consider using a portion of your EITC check to start one. Having this financial cushion can provide peace of mind and protect you from unexpected expenses or emergencies.

A high yield savings account can be a great place to stash your emergency fund dollars. Not only will they be easily accessible here if you need them, but you can make money through the interest you’ll earn while your money is set aside. We use Wealthfront for our short-term savings and currently earn 5% APY. Sign up for a Wealthfront Cash Account through our referral link and we’ll both get an EXTRA +0.50% boost for three months.

Invest in Education or Training

Investing in yourself can lead to long-term financial benefits. Use your $550 check to enroll in a course, workshop, or training program that can enhance your skills and qualifications. Whether it’s advancing in your current career or exploring new opportunities, investing in education can open doors to higher-paying jobs and increased earning potential in the future.

Home Repairs or Upgrades

If you’re a homeowner, consider using your EITC check to make necessary repairs or upgrades to your property. Investing in home improvements not only enhances your living environment but can also increase the value of your home over time. Focus on projects that offer the best return on investment, such as energy-efficient upgrades or essential maintenance. These types of investments will continue to help you save even more money.

Save for Future Goals

If you’ve already addressed debt, built an emergency fund, and covered immediate needs, consider saving your $550 EITC check for future goals. Whether it’s saving for a down payment on a home, funding your child’s education, or planning for retirement, having savings set aside can help you achieve your long-term financial objectives.

16 Best IRA Accounts of February 2024

Receiving a $550 check as part of the Earned Income Tax Credit in Michigan presents a valuable opportunity to improve your financial situation. By using this money wisely, you can make meaningful strides toward financial stability and long-term prosperity. Whether you choose to pay off debt, build an emergency fund, invest in education, make home improvements, or save for future goals, thoughtful planning and strategic decision-making can maximize the impact of your EITC check. Take advantage of this opportunity to secure your financial future and achieve your financial goals.

10 Smart Ways to Boost Your Savings in the New Year

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As we step into a new year, you may be considering a money goal reset. Whether you’re saving for a big purchase, building an emergency fund, or planning for the future, implementing effective money-saving strategies is crucial and the new year is a fantastic time to put your money goals back in focus.

Please note: This post may contain affiliate links which means that if you click through them and make a purchase, we may be financially compensated. Thanks for supporting Money Saving Duo!

Create a Realistic Budget

Start by taking a look at your numbers. If you were tracking your income and expenses this last year, you should be able to see how you’ve allocated your funds and what changes you would like to make. If not, make tracking your income your goal for the new year. This will allow you to set a realistic budget that allocates funds for essential needs and allows for savings. Be thorough in tracking your spending habits to identify areas where you can cut back. Not sure how to create a budget? We can help you with that.

Related: Exploring Alternatives to the Mint Budgeting App: Budgeting Apps to Continue Keeping Your Finances in Check

Automate Your Savings

Make saving a habit by automating the process. Set up automatic transfers from your checking account to your savings account each month. This ensures that a portion of your income is consistently saved without requiring manual effort. Automating your expenses can also be a really helpful strategy in never missing a payment.

Cut Unnecessary Expenses

Review your monthly expenses and identify areas where you can cut back. Cancel unused subscriptions, opt for generic brands, and dine out less frequently. Small adjustments can lead to significant savings over time.

Embrace the 24-Hour Rule

Before making non-essential purchases, follow the 24-Hour rule. Wait a day before deciding to buy something. This helps you differentiate between impulsive and necessary purchases, preventing unnecessary spending.

Negotiate Bills and Services

Regularly review your utility bills, insurance premiums, and subscription services. Negotiate with providers to secure better rates or consider switching to more cost-effective alternatives. Loyalty often pays off, so don’t hesitate to ask for discounts.

Build an Emergency Fund

Establishing an emergency fund is a financial safety net. Aim to save three to six months’ worth of essential living expenses in case of unexpected events. This fund provides peace of mind and prevents the need to dip into long-term savings for unforeseen circumstances.

Related: Want to Save Money Fast and Jumpstart Your Emergency Fund? Here’s How to Save $1,000 in 30 Days

Explore Cashback and Rewards Programs

Take advantage of cashback and rewards programs offered by credit cards, retailers and shopping apps. Use credit cards responsibly, pay off balances in full each month, and enjoy the benefits of earning cash back or accumulating points that can be redeemed for discounts or gift cards.

Related: Our Ultimate Money Saving Grocery Shopping App List

Shop Mindfully

Adopt mindful shopping habits by looking for sales, using coupons, and comparing prices before making purchases. Consider buying in bulk for frequently used items, and resist the urge to make impulse buys.

Invest Wisely

Explore investment options to grow your wealth over time. Consult with a financial advisor to develop a diversified investment strategy aligned with your financial goals. A well-thought-out investment plan can help your money work for you.

Educate Yourself About Personal Finance

Knowledge is a powerful tool in managing your finances effectively. Stay informed about personal finance topics, read books, attend workshops, and follow reputable financial experts to enhance your understanding of money management.

Check out some of these highly rated books on personal finance:

The Total Money Makeover Book Cover
Get Good with Money Book Cover
Rich Dad Poor Dad Book Cover
Buy on Amazon
Buy on Amazon
Buy on Amazon

As you start your journey towards saving more money in the new year, remember that small changes can lead to significant results. By implementing these 10 practical strategies, you can build a strong foundation for financial stability and achieve your savings goals. Start the new year with a commitment to smart financial choices and watch your savings grow. Cheers to a financially prosperous year ahead!

Exploring Alternatives to the Mint Budgeting App: Budgeting Apps to Continue Keeping Your Finances in Check

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In a surprising turn of events, the popular Intuit Mint budgeting app has announced its impending shutdown. For many users who have relied on Mint for years to manage their finances, this news may come as a shock. However, the world of personal finance management is vast, and there are several alternatives that offer similar features and functionalities.

Join us as we explore some noteworthy alternatives to Intuit Mint, discussing their pros and cons, to help you find the perfect fit for your financial needs.

YNAB (You Need A Budget):

  • Pros:
    • Zero-Based Budgeting: YNAB follows the zero-based budgeting philosophy, where every dollar has a specific job, leaving no room for financial ambiguity.
    • Real-time Sync: YNAB offers seamless real-time synchronization with your bank accounts, ensuring that your budget is always up to date.
    • Educational Resources: YNAB provides excellent educational resources to help users better understand and manage their finances.
  • Cons:
    • Subscription Fee: YNAB operates on a subscription-based model and some users may find the monthly or annual fee a drawback. The cost ranges between $8.99/mo if you opt for the annual fee or $14.99/mo if you go monthly.

Monarch Money

  • Pros:
    • Intuitive Design: Monarch Money boasts an intuitive and user-friendly design for a seamless budgeting experience.
    • Customizable Categories: Users can create and customize budget categories to align with their unique spending patterns.
    • Expense Tracking: Monarch Money provides robust expense tracking features to keep you informed about your spending habits.
    • Mint Leadership: If you loved Mint, Monarch was started by a former Mint leader.
  • Cons:
    • Newer Player: As a newer entrant, Monarch Money might not have the same extensive user base or history as some other options.
    • Subscription Fee. There is a monthly fee to use Monarch, although they offer a discount to those switching from Mint. And a free trial. Click here to try out Monarch for 1 month free!

PocketGuard:

  • Pros:
    • Automatic Categorization: PocketGuard automatically categorizes your transactions, making it easier to understand your spending habits.
    • In-App Bill Negotiation: This unique feature helps users find better deals on bills, potentially saving money on regular expenses.
    • Goal Tracking: PocketGuard allows you to set and track financial goals, motivating you to stay within budget.
  • Cons:
    • Limited Investment Tracking: Unlike Mint, PocketGuard has limited capabilities when it comes to tracking investments.

Empower (formally Personal Capital):

  • Pros:
    • Investment Tracking: Empower excels in investment tracking, providing a comprehensive overview of your investment portfolio.
    • Retirement Planner: The app includes a retirement planner tool that helps you visualize and plan for your financial future.
    • Net Worth Tracker: Empower offers a robust net worth tracking feature, giving you a holistic view of your financial health.
  • Cons:
    • Learning Curve: The array of features may result in a steeper learning curve for new users.

Goodbudget:

  • Pros:
    • Envelope System: Goodbudget employs the envelope system, allowing users to allocate funds to specific categories and spend accordingly.
    • Syncs Across Devices: The app syncs across multiple devices, ensuring that your budget is accessible wherever you go.
    • Debt Paydown Tools: Goodbudget provides tools to help users strategize and accelerate their debt paydown.
  • Cons:
    • Free Version Limitations: While Goodbudget offers a free version, it comes with limitations on the number of envelopes and accounts you can use.

EveryDollar

  • Pros:
    • Dave Ramsey’s Approach: EveryDollar follows Dave Ramsey’s zero-based budgeting approach, focusing on giving every dollar a specific job. The Money Saving Duo has seen huge results from those who follow Dave Ramsey.
    • User-Friendly Interface: EveryDollar features a user-friendly interface, making it easy for users to navigate and set up their budgets.
    • Financial Peace University Integration: Users familiar with Dave Ramsey’s Financial Peace University can seamlessly integrate its principles into their budgeting with EveryDollar.
  • Cons:
    • Manual Transaction Entry: EveryDollar may require users to manually input transactions, which can be time-consuming compared to apps with automatic synchronization.
    • Limited Free Version: The free version has some limitations, and the Plus version comes with a subscription fee.

As the Intuit Mint app sunsets, it’s essential to explore alternative budgeting solutions that align with your financial goals and preferences. Whether you prioritize real-time synchronization, investment tracking, or a specific budgeting philosophy, these alternatives offer a range of features to suit various needs. Take the time to evaluate your priorities and choose the budgeting app that will best support your journey toward financial well-being.

Purchasing Your First Home? Money Savvy Tips to Keep In Mind

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Purchasing your first home is an exciting milestone, but it can also be a significant financial investment. Saving money during this process is crucial to make the most of your budget and ensure a smooth transition into homeownership. In this blog post, we will provide you with essential tips to help you save money when looking to purchase your first home. By following these practical strategies, you can maximize your savings and make a more informed decision.

Money Savvy Tips to Keep in Mind When Purchasing Your First Home

Start Saving Early

One of the best ways to save money when purchasing your first home is to start saving as early as possible. This allows you to build a substantial down payment, which can lower your monthly mortgage payments and potentially eliminate the need for private mortgage insurance (PMI). Set up a separate savings account specifically for your home purchase and contribute to it regularly. Automating your savings can be an effective way to ensure consistent progress.

Establish a Realistic Budget

Before diving into the home-buying process, it’s essential to establish a realistic budget. Consider your income, expenses, and financial goals to determine how much you can comfortably afford. Factor in not only the down payment but also other costs such as closing costs, moving expenses, and potential renovations or repairs. By having a clear budget in mind, you can avoid the temptation of overspending and ensure you’re financially prepared for homeownership.

Be sure to look for a high interest rate savings account to maximize your savings. Right now, Wealthfront is offering 4.55% APY (annual percentage yield) – one of the highest rates of return we’ve seen. Sign up for an account through our referral link and we’ll both get a +0.50% bump on the current APY.

Improve Your Credit Score

Your credit score plays a significant role in determining the interest rate on your mortgage. A higher credit score can qualify you for more favorable loan terms and potentially save you thousands of dollars over the life of your loan. Start by reviewing your credit report for any errors or discrepancies and address them promptly. Make all payments on time and reduce your credit card balances to improve your credit utilization ratio. Avoid opening new lines of credit or making major purchases before applying for a mortgage, as this can negatively impact your credit score.

Shop Around for the Best Mortgage

When it comes to securing a mortgage, don’t settle for the first offer you receive. Shop around and compare rates and terms from different lenders to ensure you’re getting the best deal. Even a slightly lower interest rate can save you a significant amount of money over time. Consider working with a mortgage broker who can help you navigate the process and negotiate on your behalf. Be sure to read and understand the terms and conditions of any mortgage agreement before signing.

Consider First-Time Homebuyer Programs and Assistance

Many governments, organizations, and financial institutions offer programs specifically designed to assist first-time homebuyers. These programs often provide financial assistance, down payment assistance, or reduced interest rates. When we purchased our first house, we qualified for such a program and this helped us afford our first home.

Research and explore the options in your area to see if you qualify for any programs. Additionally, some employers offer employer-assisted housing programs or down payment assistance as part of their employee benefits. Take advantage of these opportunities to save money and make homeownership more attainable.

If you live in Michigan, first time homebuyers may want to look at the following programs to see if they qualify:

  • MI Home Loan – eligible individuals may qualify for a $10,000 loan
  • Mortgage Credit Certificate Program – first time homebuyers may also be eligible for a federal tax credit which would allow qualified homebuyers the ability to credit 20% of their annual mortgage interest paid against their year-end tax liability.

Other programs to consider include:

  • Chase Bank’s Grant Program for eligible homebuyers. These grants range from $2,500 – $5,000 and Veterans may be eligible for additional benefits.

Be Mindful of Additional Costs

When budgeting for your first home purchase, it’s essential to consider not only the upfront costs but also the ongoing expenses. Property taxes, homeowners insurance, maintenance, and utilities are all ongoing costs that should be factored into your budget. Consider the location and condition of the property when estimating potential maintenance costs. Look for energy-efficient homes or appliances to save on utility bills over time.

There is nothing wrong with renting. If you are looking for something with more of a ‘known’ cost or something that allows a little more flexibility, renting may be the right option for you. The mortgage cost is usually the bare-minimum cost you will spend on a house each month and this is important to keep in mind. Yes, a house can be a good investment, but there are a lot of factors to keep in mind when making this big decision. Make the decision that’s best for you and the money goals you hope to achieve.

Purchasing your first home is a significant financial decision, and saving money throughout the process is vital. By following these tips, starting from early savings and establishing a realistic budget, to improving your credit score and shopping around for the best mortgage, you can save money and make a more informed choice.