fbpx
U

Black Friday and Bad Fees

November 21, 2014

Black Friday Shopping

With Halloween in the rear-view mirror and the cold weather setting in, the holiday season is officially here. You can’t get by this time of year without discussing Black Friday, but Brian and Bo are adding in another topic up for discussion today — fees.

We’re Done with Fees!

Brian’s taking a stand on the absurd amount of fees that we all encounter in our daily routines. From ATM fees, to the fees we get charged when upgrading our phones, to foreign transaction fees… isn’t it time we stop paying for them?

The guys think so, and cover a few ways to avoid paying the worst of bad fees:

  • What banks give you access to millions of ATMs, so you don’t have to worry about fees when withdrawing your money.
  • What cards don’t have foreign transaction fees associated with them.
  • How to sweet talk customer service agents on the phone into dropping fees they shouldn’t charge in the first place.

After the guys talk fees, they shift their focus to getting the most you can out of Black Friday deals.

Making the Most Out of Black Friday

Wait — what’s a tightwad doing talking about spending money for the holidays? Don’t worry, Tightwad Nation. The guys discuss this retail “holiday” as an opportunity to buy things you actually need and at a much lower cost than any other time of the year.

In order to have a successful Black Friday, you must have a game plan. Take inventory of what you need and create a shopping list to take with you. Brian suggests using the TGI Black Friday app to keep track of items and deals you want to score on.

Additionally, the guys recommend using Ebates or Upromise to save even more on top of those Black Friday deals.

You should also look to shop at certain stores that offer discount cards (like Target using their REDcard for 5% off), or take advantage of the credit cards that offer quarterly bonuses if you shop at certain stores.

Another tip to make the most of the money you plan to spend is to shop through your credit card company’s website. There’s usually a shopping portal you can go to, and they’ll offer cash back as well.

Challenge yourself to stretch your dollar as far as it will go this holiday season, and listen in for more tips on how to save.

FILED UNDER: Featured, Podcasts
TAGGED WITH:

Most Recent Episodes

Dave Ramsey vs. The Money Guy: Which Strategy is The Best?

Dave Ramsey has an incredible legacy of helping folks get out of debt and take control of their financial lives. We agree on a lot of things, but there are a few points of contrast. In this episode, we’ll discuss differences between The Money Guy Show and Dave Ramsey...

Top 4 Financial Mistakes We Saw This Year! (2022)

We saw some wild financial mistakes this year during the bear market. From making extreme changes to portfolio allocation, chasing the hot dot, and using too much leverage, we’ll talk about some of the biggest financial mistakes we saw in 2022 in this episode.   In...

How Millionaires Build Wealth! (With Dave Ramsey)

Join us for a very special episode as we welcome personal finance radio host and influencer Dave Ramsey to The Money Guy Show! There’s so much misinformation out there about building wealth. We had the pleasure of having a great conversation about how millionaires...

Do These 4 Things with Your Finances BEFORE 2023!

There are unique financial opportunities available at the end of the year - especially this year with the market down. In this episode, we’ll talk about what you need to do with your money BEFORE 2023! In this episode, you'll learn: What you need to do with your money...

How to Win When the Financial World is Burning!

Lately it’s felt like the financial world is in chaos, with rising interest rates, a falling stock market, and high inflation. Let’s talk about how to focus on what you can control and how to minimize the time spent worrying about what you can’t control. In this...

Financial Advisors React to RIDICULOUS Money Advice on TikTok!

The most powerful time to get serious about building wealth is when you’re young. So, what is the younger generation learning? Financial Advice (good and bad) is being produced in massive rates across online platforms and TikTok is the new frontier. Is there good...

Loss Harvesting: Why Wealthy People Love It (And You Should Too!)

Tax-loss harvesting: what is it and should you be doing it? In this episode, we’ll cover everything you need to know about tax-loss harvesting, including whether it makes sense for you, how much it could save you in taxes, and how to eliminate the downside of loss...

The Market is Crashing! (Where Should You Put Your Money?)

The stock market has not had a great year so far. You might be asking yourself, “Since the market is crashing, where should I put my money now?” In this episode, we’ll discuss how to invest when the market is dropping and how to make the most of your money. In this...

Will Rising Interest Rates Tank the Economy?!

The Federal Reserve is raising interest rates to combat inflation, and many are concerned about how it will affect the economy. In this episode, we’ll discuss what rising interest rates means for your wallet and how to make the best of it. In this episode, you'll...

How to Be Wealthy By Age! (Can You Catch Up?)

How much does it take for you to meet your retirement goals by age, and what are some common traps your peers fall into? Learn more about how to be wealthy, mistakes to avoid, and exactly what a little extra saving can do for your retirement income. In this episode,...