Maximizing Your Savings This Black Friday, Cyber Monday and Beyond

Our weekly #CreditChat started in 2012 to help our community learn about credit and important personal finance topics (e.g. saving money, paying down debt, improving credit scores). Each chat is hosted by @Experian on X (formerly Twitter) and all are welcome to participate. DM us any questions.

With holiday deals and sales tempting 90% of consumers to overspend, we’re diving into practical tips for staying on budget and making smart choices this shopping season. Join us as we explore strategies to resist impulse buys, leverage rewards, and prioritize meaningful gifts without breaking the bank.

Topic: Maximizing Your Savings This Black Friday, Cyber Monday and Beyond

When: Wednesday, November 20, 2024 at 3 p.m. ET.

Where: Join the live hashtag discussion

The panel will include: Deacon Hayes: Founder of Well Kept Wallet; Chloe Moore, CFP®: Founder of Financial Staples; Anthony Weaver: Founder of AboutThatWallet.com; Kembala Evans: Financial Coach, author, speaker and founder of Kembala.com; Raya Reaves: Founder of City Girl Savings; Navicore Solutions; Greenpath Financial Wellness; Beverly Harzog: Credit Card Expert, Bestselling Author, columnist and podcast host at BeverlyHarzog.com; Rod Griffin: Senior Director, Consumer Education and Advocacy, Experian; Jennifer White: Consumer Education and Advocacy Team, and Christina Roman: Consumer Education and Advocacy Manager at Experian.

Gift Card Giveaway
Enter here for a chance to win a $50 Amazon gift card! We will be announcing a winner at the end of the chat. Entry Period: Raffle open now and closes at the end of this chat at 4 p.m. ET. Complete rules here.

Questions we will discuss:

1. According to a recent Experian holiday survey, 90% of consumers are tempted to spend more during the holiday season. What are some strategies can consumers use to create a budget they can stick to?
2. We found that 55% of holiday shoppers overspend due to sales when shopping. What tactics can help consumers navigate sales like Black Friday, Cyber Monday and more?
3. Do you take any steps throughout the year to prepare financially for Black Friday, Cyber Monday, and other holiday spending?
4. According to our survey 9 out of 10 consumers are tempted to buy unplanned items on sale. What advice can help consumers avoid adding unnecessary items to your cart?
5. What price comparison tools or techniques do you use to ensure you’re getting the best deal on Black Friday or Cyber Monday?
6. How can consumers leverage rewards points, cashback programs, or loyalty discounts to boost your holiday savings?
7. How can consumers set spending limits for Black Friday and Cyber Monday to ensure you don’t overspend throughout the holiday season?
8. We found that 73% of people say they overspend on gifts for others, what are some ways to express generosity without going over budget?
9. How do you handle the influence of social media and online ads when it comes to holiday shopping? What tips help you stay focused on your budget?
10. What final tips can you share to help consumers maximize their savings this holiday season?

Check out our complete list of upcoming personal finance Twitter chats here.