It's that time again when many, not all, shoppers begin to lose their minds and their money as they gear up for Black Friday.   Today on the Top 5 at 7:45, I'll highlight some things that you probably should consider not buying as Black Friday approaches. It's still not too late to adjust your mind and prepare yourself for good buying, instead of regretting the day on Saturday.

  1. Gifts that you don't have on your list ahead of time - Prior planning is never wasted time, but you must stick to it. On Black Friday, retailers will be "throwing" all kinds of things at you as they play on the moment and your emotions when shopping for Christmas. Be aware of this and show some discipline.
  2. Gifts they advertise as a "Must Have" this Christmas season - It is a rarity that trending items are worth all the hype that is put out before us. Retailers like to "create" an artificial demand, which drives up the price of these items and others like them too.
  3. Gifts that you simply can't afford to buy - If you have to put it on a credit card, then it's out of the budget. Beware of these purchases that, many times, are based on emotion. Take a step back, breathe, and walk away.
  4. Gifts that you don't have space for - Good deals are great and may fit the budget, but don't go ballistic. Impulse shopping has its regrets and it usually kicks in the next day. It's only a great deal if you'll use it and if you have a place to put it when you're done.
  5. Gifts that will not be used after a few days - You have the space and the money, so go ahead and buy it......right? Ah, wrong! Remember that novelty gifts are king on Black Friday. Dumb gifts like farting Santas, shaking snowmen, and reindeer that sing Rudolph the red nosed reindeer. These items are typically overpriced, play on your passion because your "in the mood" for Christmas and bare much regret at the end of the day.

The Top 5 at 7:45 airs weekdays with me, Gary Freeman and is sponsored by First Education Federal Credit Union.