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Emily's list: Holiday weekend shopping edition
Today is loved by many and hated by just as many. It is Black Friday, which falls every year on the Friday after Thanksgiving. On this date, most retailers drop their prices and offer killer sales, so consumers flood to the malls and stores like rabid animals. So much money is spent that it often puts retailers who are in the red (debt) into the black (profitability).
While there are incredible deals to be had, much money is also spent unnecessarily in the frenzy. It's hard not to go nuts with the credit cards when you see blowout sales everywhere you turn. But the crowds can be wild, with lines out the door for hours. Last year, a store employee was actually trampled to death at a Wal-Mart. So if you choose to face Black Friday, be careful and spend wisely! Here are some tips from some of the best personal finance bloggers for dealing with the most notorious shopping day of the year.
1. A guest post on Bargaineering explains how talk radio host Dave Ramsey helped him pay off debt and walks through the steps it took to conquer it. You may need to use these steps if you go too wild on Black Friday!
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