Black Friday Deals: Shop Smarter by Knowing Your Needs vs Wants

Young adult standing outside a shop window with a Black Friday sale sign, reflecting mindful shopping choices during Black Friday deals.
Black Friday is a chance to grab great Black Friday deals, but it can also tempt us into overspending. For young professionals on tight budgets, it pays to shop mindBlack Friday is a chance to grab great Black Friday deals, but it can also tempt us into overspending. For young professionals on tight budgets, it pays to shop mindfully. Start by identifying your true needs (essentials like work tools or bills) versus wants (extras like a new gadget or luxury item). Planning ahead helps you enjoy Black Friday shopping without breaking your budget. In fact, mindful spending means aligning purchases with your long-term savings and investment goals. By asking “Do I really need this?” before clicking Buy, you protect your future finances while still taking advantage of salesfully. Start by identifying your true needs (essentials like work tools or bills) versus wants (extras like a new gadget or luxury item). Planning ahead helps you enjoy Black Friday shopping without breaking your budget. In fact, mindful spending means aligning purchases with your long-term savings and investment goals. By asking “Do I really need this?” before clicking Buy, you protect your future finances while still taking advantage of sales.

Identify Needs vs Wants Before Shopping

Begin your Black Friday planning by making a clear list of what you genuinely need. Write down the items you’ve been planning to buy (for example, a replacement laptop or holiday gifts) and why you need them. Break this list into Needs and Wants. A helpful tip is to add a “why” column or category for each potential purchase (as one advice column suggests), so you only buy items that serve a purpose. For example, if you’ve been eyeing a professional online course that could boost your income, that might count as a need (or at least a high-value want) over a flashy smartphone case. A survey of financial experts emphasizes that distinguishing needs from wants is crucial for mindful spending.

• Set a clear budget: Decide how much you can afford to spend before the sales start. This “black Friday budget” becomes your spending limit. Treat it as your “North Star” so you don’t drift into unnecessary purchases.
• Make a shopping list: List only those items you truly want, then label each as a need or a want. Prioritize essentials (e.g. replacing a broken work laptop) and holiday gifts on your list.
• Require a reason for every item: If it’s not on your list, don’t buy it. Financial writers recommend a strict policy: “if it’s not on the list, it’s not coming in”. This forces you to stick to real priorities.

By planning this way, you avoid impulse buys. One survey found many shoppers make a “treat purchase” weekly, spur-of-the-moment buys often costing around £350 on average. Millennials and Gen Z are especially prone to this, being 51% more likely than others to make sudden online purchases for a mood boost. Breaking out of that habit on Black Friday can save you hundreds and keep your savings intact.

Budget Wisely and Keep Long-Term Goals in Mind

With a plan in place, tie your Black Friday spending to your long-term goals. For many young Brits, saving is already a challenge: a recent study showed one in five UK adults save nothing each month, and 25% of 18-35-year-olds have less than £500 in savings. In this context, every pound saved matters. Adopt a budgeting rule (for example, the popular 50/30/20 rule) where 50% of your income goes to essentials, 30% to personal spending, and 20% to savings. Your Black Friday purchases should fit within your allotted spending cash, not push you over budget.

• Allocate your savings first: Before the deals begin, set aside what you can into savings or investments. Knowing you already “paid yourself” helps curb impulse spending.
• Compare deals to your financial goals: Ask if a Black Friday deal helps or hinders your goals. For instance, if you aim to save for a house deposit or pay off debt, would skipping a £100 gadget help you reach that goal faster?
• Track your extra savings: Any money you avoid spending on unnecessary items can be swept into your savings or investment pot. Over time, these smart choices add up, you’re essentially letting your money work for you instead of the stores.

By keeping your goals front-of-mind, mindful spending naturally leads to more savings. In fact, experts note that mindful spending reduces financial stress and increases the amount you can put away. Every impulse buy you avoid this Black Friday could be small change toward your emergency fund or retirement pot.

Focus on Value, Not Just Discounts

Don’t fall for flashy sale banners without thinking. A high discount percentage doesn’t always mean a great deal. Research shows that up to *90% of so-called “Black Friday deals” aren’t actually lower than prices offered at other times. Use price tools or do a quick search to verify that a discount is real. For example, if you see a £200 vacuum cleaner marked “50% off”, check online price trackers (like CamelCamelCamel) or compare with other retailers. Stores sometimes inflate the “original price” to make the sale seem bigger.

• Check real value: Before buying, ask whether the item will still be useful a year from now. A one-day deal is only a bargain if you truly need the product.
• Compare across shops: A deal isn’t a bargain if you could get it cheaper elsewhere. Shop around or use cashback/comparison sites.
• Beware of tricks: Some retailers use countdown timers or “doorbuster” deals to create panic. Remember, even if the timer ends, often the item goes on sale again soon.
• Prioritise multi-use purchases: Think about utility. For example, rather than buying a single-use kitchen gadget just because it’s cheap, consider tools or courses that boost your productivity. A discounted online course or a new work laptop (if needed) can offer long-term value for your career, whereas a fancy gadget might be outdated in months.

Choosing value over hype helps your money stretch. Mindful shoppers know that spending on skills or growth often “pays back” more. Aligning purchases with personal values (like career growth or security) means you’re happier with what you buy and less likely to feel buyer’s remorse.

Resist Impulse Traps and Shop Consciously

Black Friday is designed to trigger impulses, so give yourself some guardrails:

• Sleep on it: Don’t rush. One personal finance writer advises taking an extra 24 hours before buying. Nothing tragic happens if a deal sells out, often it will come around again. This delay lets the excitement fade and your rational side speak.
• Unsubscribe from temptation: Before the sales flood in, hit “unsubscribe” on retailer emails or social feeds that you know will tempt you. The fewer ads you see, the easier it is to stick to your plan.
• Check for cashback: Use cashback apps or browser extensions (such as Quidco or TopCashback) on purchases. Even a few percent back is money saved, not spent. Plus, searching for cashback offers forces you to pause and reconsider if you truly want the item.
• Avoid debt traps: Be very cautious with “buy now, pay later” plans. Many young shoppers (nearly 75% during holidays) rely on credit, but carried-over debt carries high risk. If you do use credit, ensure you can pay it back on time, otherwise late fees and interest can quickly wipe out any discount you gained.
• Monitor emotional triggers: Remember that shopping can be an emotional escape. Nearly half of shoppers say buying online boosts their mood. Pause to ask yourself: Am I buying this because I feel good now, or because I actually need it? If it’s the former, step away from the deal.

By applying these strategies, you avoid common pitfalls. As one article puts it, the real danger of Black Friday is “hurry, hurry” marketing that makes us anxious. Giving yourself time and taking a breath keeps decision-making clear-headed.

Align Spending with Long-Term Goals

In the end, every smart deal should support your bigger picture. Mindful spending isn’t about denial, it’s about making intentional choices. Young professionals in the UK often have competing goals: paying off debt, saving for a home, or building a side income. Putting a chunk of money toward your financial goals now will pay off later.
For example, if a Black Friday sale offers a 50% off coding course, taking that deal might enhance your skills and lead to higher future earnings. That’s often more valuable than the short-lived satisfaction of a tech toy. If saving for a goal matters to you, imagine how much closer your “future self” will be by putting that £100 gadget money into an ISA or investment instead. Research shows that habits of mindful saving lead to greater financial security and even emotional well-being.
Shopping with this mindset means saving money in the truest sense: you’re investing in what matters, not just grabbing discounts for their own sake. Every pound left unspent is a pound in your savings pot (or invested in your future). This approach helps avoid the debt domino effect seen when people have no savings buffer. By choosing deals that fit your plan, you’re less likely to find yourself in that position.
Ready to make the most of Black Friday (and beyond) while staying true to your goals? Remember, these tips are general guidance. Everyone’s situation is different, so think about how they apply to you. If you’d like personalised financial guidance to turn mindful shopping into lasting savings, book a free consultation with our experts. We can help you craft a spending plan that works for your life, no obligations, no pressure, just honest advice to help you save smarter.

Stay Connected

For more retirement planning insights, market updates, and tax-saving tips, follow Zomi Wealth on:

Instagram: @ZomiWealth
LinkedIn: Zomi Wealth
X (formerly Twitter): @ZomiWealth
Facebook: Zomi Wealth

Sources:

https://www.natwestgroup.com/news-and-insights/news-room/press-releases/financial-capability-and-learning/2025/mar/spend-now-save-later-mind-set-is-stalling-savings-for-young-brit.html
https://www.natwestgroup.com/news-and-insights/news-room/press-releases/financial-capability-and-learning/2025/mar/spend-now-save-later-mind-set-is-stalling-savings-for-young-brit.html
Picture of Zomi Wealth

Zomi Wealth

Comments are closed.

Latest posts

Download Our App

Seamlessly manage your finances, invest smarter, and achieve your financial goals with our cutting-edge solutions.

Do you enjoyed this article?

Subscribe to our newsletter for exclusive tips, expert advice, and the latest updates from Zomi Wealth—delivered straight to your inbox.

“Zomi Wealth’’ is a trading name of Whiteleaf Financial Limited who are authorised and regulated by the Financial Conduct Authority (FCA), FRN 149309. Past performance is not indicative of future returns. An investor may get back less than the amount invested. Information on past performance, where given, is not necessarily a guide to future performance. The capital value of units in the fund can fluctuate and the price of units can go down as well as up and is not guaranteed. The opinions and views expressed in this newsletter may not necessarily reflect the views of Whiteleaf Financial Limited or its affiliates. The information provided in this newsletter is for informational purposes only and does not constitute a recommendation from any Whiteleaf Financial Limited entity to the recipient. Whiteleaf Financial Limited is not providing any financial, economic, legal, investment, accounting, or tax advice through this newsletter or to its recipient. Certain information contained in this newsletter constitutes “forward-looking statements,” and there is no guarantee that these results will be achieved. Whiteleaf Financial Limited has no obligation to provide any updates or changes to the information in this newsletter. Whiteleaf Financial Limited always recommends that the recipient take independent financial advice.
Alternative investments often engage in leverage and other investment practices that are extremely speculative and involve a high degree of risk. Such practices may increase the volatility of performance and the risk of investment loss, including the loss of the entire amount that is invested. These investments are usually highly illiquid and generally not transferable without the content of the sponsor.
 
Investing in cryptocurrency is highly speculative and involves significant risk to capital, as its value is extremely volatile and can fluctuate widely in short periods. It is not regulated by the Financial Conduct Authority, meaning investors may not have access to financial protections, including the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service. There is also a risk of loss from fraud, cybersecurity breaches, or operational failures within cryptocurrency platforms. Investors should carefully consider whether they can afford to lose the entirety of their investment.

Want to know more?

Know more about Zomi Wealth, how we invest, our plans and how to be a part of Zomi Wealth. Contact Us!

Contact Us

Experience the Future of Investments!

Seamlessly manage your finances, invest smarter, and achieve your financial goals with our Zomi Wealth App.

Post Views: 6

The 5 Pillars To Grow Your Brand

Download your checklist!

Send

Thank you for your submission.