Black Friday has morphed from a one-day shopping event to a 10-day sales bonanza, with almost every major retailer promising once-in-a-lifetime deals.
But if you are planning to pick up an early Christmas present or a couple of things for the house, it's important you do your research to make sure that 'deal' is actually worth going for.
An investigation by Which? found that a staggering 99.5% of the discounts being advertised are either available for the same price or cheaper at other times of the year.
It's not the first report highlighting the perils of Black Friday and it certainly won't be the last.
However, that doesn't mean there aren't any great deals up for grabs – you just need to know how to find them in amongst all the dross.
Here are our top shopping tips to help you do just that.
1. Make a list
Just like any normal shopping trip, make a list of items that you really want and target them only.
This will help you avoid overspending and getting sidetracked by offers on products you don’t need.
2. Start early
The Black Friday event now runs for a whopping 10 days. However, many deals are only available 'while stocks last', so make sure you get an early start to take advantage of the best offers.
3. Head online
Shop online from the comfort of your sofa to avoid the mayhem in stores.
4. Watch out for scams
Scammers will be out in full force today. Be extra vigilant for phishing emails and dodgy websites on Black Friday.
5. Shop around
As we mentioned earlier, don’t just go for the first deal you see. Make sure you shop around before making a purchase.
6. Consider Amazon Prime
Amazon is one of the major retailers to offer Black Friday deals and is responsible for bringing the shopping event to the UK back in 2010.
If you think you planning to buy a lot from Amazon today you might want to sign up to its Amazon Prime membership, which comes with free delivery and access to a host of other Amazon side projects like its TV and music streaming service in the run-up to Black Friday.
Best of all, you can try it for free on a 30-day trial and then cancel if you don't fancy paying for membership.
7. Factor in additional costs
When shopping online, make sure you factor in the cost of delivery when considering if you should go for a deal.
8. Protect purchases
It’s a good idea to use a credit card when shopping as this offers protection for goods you purchase over £100 should something go wrong.
You can even earn up to 5% cashback or avoid interest on new purchases for up to 25 months with the best cards on the market.
9. Watch out for fake reviews
Many products on sites like Amazon have artificially high star ratings because of fake or incentivised reviews.
To help you identify products with false reviews, consider using a site like Fakespot.com.
This will quickly check through the write-ups for an item, and the history of each of the reviewers, to assess whether you can trust an overall rating.
10. Earn cashback
Maximise savings by looking for voucher codes and shop through cashback websites like Quidco and TopCashback when shopping online to boost your savings.
Just remember to do your research before buying as you may be able to save even more elsewhere!