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Scoop on Savings -- Black Friday survival guide

Modern shopper with Black Friday paperbag going in the mall. Photo courtesy of Thinkstock.

Black Friday is known for its door-busting deals, bargain hunting shoppers, and stores bracing for chaos.

In this week’s Scoop on Savings, local financial professional Brian Mirau, from Mirau Capital Management, has your Black Friday "Financial Survival Guide."

“First of all, you have to make a game plan,” Mirau said. “You want to know who you’re spending for, what you’re buying, and how much you can spend. You wanna have a budget.”

Mirau said once you get to the store, stick to the list you made for what you want to buy.

“Gear up your phone,” Mirau said. “Download all of the apps that are available, and if the stores that you’re going to don’t have apps, you can subscribe to their email, and they will keep you updated on any kind of deals that are going on.”

Mirau also recommends rationing your cash. He said it’s better to use cash instead of your credit cards.

“When you use your cash, you see your hard earned money being spent, and it’s a lot easier not to overspend when you’re paying cash than it is when you’re using your credit card,” Mirau said.

Mirau said in addition to rationing your cash and looking for deals ahead of time, always ask questions if you need help and always be on the lookout to get a steal on big purchases.

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Brian's Holiday Budget Worksheet

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