Black Friday vs. Cyber Monday

There was once a time, not so long ago, where Black Friday was the only designated “deep discount” shopping day during the busy holiday shopping season.  Now, there are more options, including Cyber Monday and other pre-Black Friday sales.  In fact, Black Friday itself now starts on Thursday!

Confused yet? Well don’t be. While there is some overlap between both Black Friday and Cyber Monday, there are some key differences as well.  For one, Black Friday is traditionally geared towards brick and mortar stores (with a growing online presence every year), while Cyber Monday is almost exclusively online.

While there are deep discounts on both shopping days, there are differences in the nature of products offered for sale.  For example, if you are in the market for electronics (gaming systems, TVs, laptops, etc), then you won’t beat the deals on Black Friday.  However, if clothing, shoes, and personal items are more your take, Cyber Monday will suit you better.

So, what is the takeaway from this crazy annual shopping extravaganza? You have options, and with a little planning you can save big this holiday season by purchasing items for yourself and others at prices you only find once (well, twice) a year.

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About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.
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