Black Friday should actually be called “The Hunger Games”. Because people kill each other and the winner get a $20 crock pot!
Did you spend till your heart’s desire over the 4 day weekend? The average American spent $967 over the Black Friday weekend event. That is a lot of dough! I guess I am not average then. I did not buy a thing the entire 4 days. I did look and thought about a few purchases.
My theory is this, the more I spend on things I don’t need, the more I will have to work and put off retirement. Early retirement is a much bigger motivation for me versus buying a few useless trinkets or more clothes to stash away in my closet.
A few fun facts from the 4 day spending bonanza!
- American shoppers spent a record $5 billion in just 24 hours.
- More than 200,000 toys were sold in just the first 5 hours of Black Friday.
- There was an estimated 156 million Americans who shopped till they dropped.
- I did not waste 1 single penny shopping on Black Friday or Cyber Monday for that matter.
- Over $2 billion was spent on mobile devices alone.
As you can see Americans spent enough money to put a small dent in the national debt. Amazing yes, astounding, incredible, these are all adjectives I would use to describe this frenzy.
For me it’s something I do not take part in. It seems every year, I get more Scrooge McDuck about this time of year. I don’t want to spend money, except on loved ones. I just can’t bring myself to waste hundreds of dollars on clothes I might wear a few times or trinkets I would more than likely never use.
I would much rather sock my money away in the stock market and watch it grow. Put my money to work for me. So in a few years time, I won’t have to work a 9-5 if I so choose. There are plenty of other fun things I can do with my time.
Spend time outdoors hiking, camping, exploring
I am blessed to live in Arkansas a state with many different camping and hiking locations. We are called “The Natural State” for a reason. We have camping sites all over the state, hundreds of miles of trails to explore. If you are an avid outdoors person, we have something for you.
Donate my time and skills to a worthy charity
I have planned on spending more time with worthy charities. There are many to choose from and all would welcome extra volunteers. I know the Red Cross always needs help and volunteers throughout the year, especially during severe weather season.
Continue to work and grow my blog
I have a lot to learn when it comes to blogging. I want to continue to grow and reach more people over time. My plan is to make this a profitable endeavor and at some point grow it into a full time gig.
Learn a new skill
I have always been interested in woodworking. I’ve completed a few projects along the way. But, nothing to brag about. I have always wanted to learn more about this hobby, but have never had the time. Once I retire this could become a priority.
As you can see I have a few ideas and many more rattling around in my noggin, just waiting for a chance to burst onto the scene.
Of course if you are just hell bent on spending money there are a few ways to save during the Holiday season. Check out Michelle Schroeder-Gardner’s article “How to Save Money On Holiday Shopping” over at making sense of cents. This article is chocked full of great ideas on how to money during the holidays. Or for an even more of a frugal choice and a favorite of mine checkout the Frugalwoods blog. There are hundreds of great blog posts on how to save money and retire early.
In conclusion, spending money on Black Friday, Cyber Monday or any other goofy named shopping day is your choice. But, if you want to retire early and live life away from the cubicle. You must learn to save your money. Invest in the stock market a few good index funds over a decade can return a good sum of money towards a better life.
Did you go crazy on the Black Friday or Cyber Monday?