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Thanksgiving is right around the corner and for a lot of people that means family and turkey. But for others it means just one thing…shopping.

Yes. Shoppers go CRAZY for Black Friday—seeking the uber-hyped deals the day after Thanksgiving—with some people even camping out overnight to be the first shoppers in the store the next day. This is NOT a productive way to spend Thanksgiving night. And as much as you might actually like a break from Cousin Irene, I’m here to tell you that Black Friday is an urban legend. It’s a complete myth. A lot of the sale merchandise has actually already been on sale for even less at another time in the year.

If you’re making a big purchase, it’s important to do your homework if you really want the best price. When it comes to toys, the deepest discounts will be just before Christmas.  It’s the opposite if you’re after a particularly hot toy—in that case, your best bet is to buy it right this instant before supplies run lower, driving the price up. If you’re on the market for a new HDTV, the best prices are generally between December and February.

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Click here to listen to other Black Friday myths Mellody Hobson dispelled.

(Source: Black America Web)