These Are The 2 Worst Mistakes People Make On Black Friday

‘Shark Tank’ investor Kevin O’Leary has some great advice for Black Friday shoppers this year. 

As you shoppers know, Black Friday can be fun and exciting for some, but stressful for others. Best-selling author, finance commentator and ABC's "Shark Tank" investor, Kevin O'Leary tells CNBC Make It that Black Friday can be good, as long as you don't make two very common mistakes. 

1. Don't Buy Things You Don't Need

"I never recommend buying something just because it's a 'good deal,'" O'Leary says. "If you're spending money on something you wouldn't have bought otherwise just because it has a '50 [percent] off' sticker on it, you're still throwing away your hard-earned dollars." 

He suggests to make a list and a reasonable budget and don't stray away from that. 

"If you have a shopping list of items that you know you'll be purchasing over the next few months regardless of price," O'Leary says, "waiting for Black Friday sales is the most financially responsible option."

2. Don't Use Credit Cards

"My advice, as always, is: NEVER SPEND ON CREDIT," says O'Leary. Americans hold more than $1 trillion in credit card debt. Plus, using credit can come with additional costs such as high interest rates, surcharges and other fees! 

So listen to O'Leary and happy shopping! 


Photo: Getty


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