WGVU donate banner

Sunday, November 23, 2014

FacebookFlickrTwitterYouTubeLinkedIn
 
Public Media Catagories
PBS Link Create Link WorldView Link NPR Link Real Oldies Link wgvu
All Things Considered
WGVU Top Story

Black Friday shopping philosophy: Use your head, not your heart


news10.net

Patrick Center
November 23, 2012 | WGVU  

“According to the experts there are probably 210 million Americans out of 300 million, right, that’s how many we are? Two hundred and ten million are going to be shopping over these three days; Black Friday, Small Business Saturday and Cyber Monday. That’s amazing! And over the course of the Christmas season there are estimates that each one of these is going to spend about $750. So you multiply that out it’s an enormous amount of money. This is when a lot of businesses make it or break it. And frankly it’s when a lot of us get ourselves in so deep we don’t know when we’re going to get out of it. So, what you ought to do is set a budget. Make a plan and don’t be in too much of a hurry. Any good salesperson or sales organization is going to take advantage of the emotional side of the consumer. And what that means is through this special deal, this time limit, this ‘Boy, you look great in that’, whatever it is, they’re going to appeal to us in such a way that they want us to spend right now because the odds of them making the sale go down dramatically if you wait a day or two. And what we’re urging you to do on the consumer education side is to compare. I always believe in getting three quotes on anything I’m going to do. Whether it’s buying a product, whether it’s buying a service, getting something done to my house, buying a car, whatever it is, get three quotes and if you take the time to do that number one you’re going to learn a lot more about the product you’re buying. Number two you’re going to create a competitive pressure that might bring the price down, and number three you know you’re going to get a great deal by doing that. And you choose those three businesses wisely. You don’t just choose three willy nilly and by word of mouth and those kinds of things, you go for three well-known, well-reputed businesses that you’re going to do business with.”

Phil Catlett who’s President of the Better Business Bureau of Western Michigan explains you use your head instead of your heart.

“Every time and we all make decisions with emotion and we all try to justify them later with rationalization and logic. And the key is just making sure that component is in there. That you have some logic.”

Should consumers use cash or credit this time of year?

“If you are not in any kind of financial difficulties, if you’re not of the psychology that you’re not going to spend more than you ought to spend, use credit cards every time. There are legal protections in there for you that you can’t lose over $50 on any one of these credit cards if it happens to be stolen, if somebody gets your credit card number, whatever it is, and you can later on challenge a charge and not have that pulled out of your account. So, if you have the opportunity, use a credit card. Now, on the other hand, if you have found yourself in the past to spend more money than you ought to spend, then you just need to use cash. Use that envelop, use a debit card that only pulls out what you’ve got in your account, but then you’ve got to set that budget firmly. Create the plan, make a list of what you’re going to get, got through those three bids on each item or three different stores on each item. Online is one of the greatest things about having the internet is that you don’t have to go store to store to store you can check all this stuff out online or in the ads and then pick where you’re going to go. And if you’re starting out at 10 o’clock on Thanksgiving night as some people are, build that plan because there’s going to be stuff going on all night long and you can build it out and build yourself a route where you’re going to go and why.”



More WGVU News
Friday
Weekend warm-up in Michigan to melt some snow
Grand Rapids MI  November 21, 2014  |  WGVU  Forecasters say a weekend warm-up in Michigan will lead to melting snow and rain that could combine to bring rising river levels and even flooding in places.    
Woman with gun arrested outside White House
Washington DC  November 21, 2014  |  WGVU  A Michigan woman carrying a gun was arrested outside the White House just after President Barack Obama completed a nationally broadcast speech announcing his plan for the U.S. immigration system.    
Dallas to host 19-day ArtPrize competition in 2016
Dallas, TX  November 21, 2014  |  WGVU  Members of the public will have a say in honoring aspiring artists when Art Prize Dallas begins in 2016.    
Thanksgiving travel to include 1.5M in Michigan
Dearborn, MI  November 21, 2014  |  WGVU  AAA says nearly 1.5 million people in Michigan plan to travel 50 miles or more from home during the Thanksgiving holiday period.    
County, GRCC decline city tax plan
  November 21, 2014  |  WGVU  Grand Rapids Community College and Kent County have both opted out of a $5 million western Grand Rapids development project.    
 Listen    Download Audio File Download
“The Discovery of King Tut” exhibition tour coming to Grand Rapids
GRAND RAPIDS, Mich.  November 21, 2014  |  WGVU  Coming in 2015, visitors to Grand Rapids Public Museum can experience one of the world’s greatest archeological discoveries.   
 Listen    Download Audio File Download
West Michigan U.S. Representative responds to President Obama's immigration order
  November 21, 2014  |  WGVU  In response to President Barack Obama’s executive order protecting roughly 5 million immigrants living in the U.S. illegally from deportation, House Speaker John Boehner says the president’s decision to go it alone "cemented his legacy of lawlessness and squandered what little credibility he had left." One west Michigan House Republican calling the order an overreach of Constitutional power.   
 Listen    Download Audio File Download
Immigration and Nationality Act provides President with "legal basis"
GRAND RAPIDS, Mich.  November 21, 2014  |  WGVU  Is President Barack Obama’s executive order to shield as many as 5 million immigrants in the U.S. illegally from deportation, and grant them work permits, legal? Republicans on Capitol hill are raising that question. WGVU ran it by Grand Rapids immigration attorney, Susan Im.   
 Listen    Download Audio File Download
Kalamazoo Democrat seeks state Senate vote recount
KALAMAZOO, Mich.  November 21, 2014  |  AP  Democratic state Rep. Sean McCann says he'll request a recount in the 20th District state Senate race, which a preliminary count shows him losing by 59 votes.   
Economists predict continued Michigan job growth
ANN ARBOR, Mich.  November 21, 2014  |  AP  University of Michigan economists say the state's economy will continue to move forward over the next two years after five years of steady job growth.   

Thursday
Winds, snow, cold make Michigan roads hazardous
Grand Rapids MI  November 20, 2014  |  WGVU  Windy weather, a fresh coating of snow and cold temperatures are combining to create hazardous driving conditions around Michigan.    
Authorities: 3 children hurt in school bus crash
Inverness Township, MI  November 20, 2014  |  WGVU  Authorities say three children were hurt after a school bus slid off an icy road in Michigan's northern Lower Peninsula.    
Woman who faked disappearance faces sentence
Monroe, MI  November 20, 2014  |  WGVU  A Michigan woman who faked her own disappearance and even put an ad on Craigslist to find an abductor is returning to court for her sentence.    
Kent phone fraud cases reported
  November 20, 2014  |  WGVU  Kent County law enforcement warns of a new phone scam.    
 Listen    Download Audio File Download
NEDx focuses on meeting socio-economic demands
GRAND RAPIDS, Mich.  November 20, 2014  |  WGVU  As the middle class declines a group of innovative Grand Valley State University students are promoting frugal innovation. Thursday, the NEDx event was held in Grand Rapids.   
 Listen    Download Audio File Download
Police follow footprints in snow to bust suspects
IONIA, Mich.  November 20, 2014  |  AP  Michigan State Police say footprints in the snow in Ionia County led troopers to bust two theft suspects.   
$47.6M spent on TV ads in Michigan governor's race
LANSING, Mich.  November 20, 2014  |  AP  A campaign finance watchdog says $47.6 million was spent on TV ads in the Michigan governor's race.   
Prison reform activists see opportunity in “lame duck” for legislative overhaul
  November 20, 2014  |  MPRN  Bills that seek to reduce prison spending in Michigan seem to have momentum going into the last weeks of the Legislature’s 2014 session. Jake Neher has more.    
 Listen    Download Audio File Download

Wednesday
Nativity scene proposed for Michigan Capitol lawn
Lansing MI  November 19, 2014  |  WGVU  Michigan officials are considering whether a Christian Nativity scene and a counter-display from a secularist group should join the state Christmas tree on the Capitol lawn this holiday season.    
Prison next for man in med student's death
Ann Arbor MI  November 19, 2014  |  WGVU  A young man is facing a no-parole sentence in the fatal shooting of a University of Michigan medical student last year.    
Lansing bar scene includes church service
Lansing MI  November 19, 2014  |  WGVU  Bibles are next to beer and popcorn at a new religious gathering in Lansing.    
Michigan man sentenced for throwing, stomping cat
Grand Rapids MI  November 19, 2014  |  WGVU  A western Michigan man who fatally threw and stomped on a cat in front of a crowd that included children has been sentenced to prison.    
Gov. Snyder not injured in minor car accident
Hartland Twp., MI  November 19, 2014  |  WGVU  Gov. Rick Snyder is uninjured after the state-owned vehicle he was riding in was hit from behind at a traffic light in Livingston County.    
Grand Rapids group seeks circus ban
  November 19, 2014  |  WGVU  A campaign to ban circus-like animal entertainment gains traction in Grand Rapids.    
 Listen    Download Audio File Download
Victims in fatal van-train collision identified
OSHTEMO TOWNSHIP, Mich.  November 19, 2014  |  AP  Authorities have released the names of three people killed when their minivan was struck by a passenger train at a crossing in western Michigan.   
Oregon-Michigan bait probe leads to $2,000 fine
SAUGATUCK, Mich.  November 19, 2014  |  AP  Authorities say an Oregon bait company has paid a $2,000 fine after shipping Pacific herring to Michigan in containers labeled as worms.   
Michigan jobless rate falls slightly to 7.1 percent
  November 19, 2014  |  MPRN  Michigan’s monthly unemployment rate is the lowest it’s been so far this year. We have more from Rick Pluta.    
 Listen    Download Audio File Download
Effort to get LGBT civil rights protections pressing on after setbacks
  November 19, 2014  |  MPRN  Business and civil rights groups that want state lawmakers to add civil rights protections for LGBT people are not giving up their effort. Jake Neher reports.    
 Listen    Download Audio File Download
Judge allows legal challenge to emergency manager law to move ahead
  November 19, 2014  |  MPRN  A federal judge in Detroit has refused to toss out a legal challenge to Michigan’s emergency manager law.    

Tuesday
Weather shuts schools, including Grand Valley State University
Kalamazoo MI  November 18, 2014  |  WGVU  Severe weather has prompted officials to close schools for the day including Western Michigan University, Kalamazoo College and Grand Valley State University.    
Expert to discuss light rail's economic benefits
Detroit, MI  November 18, 2014  |  WGVU  Streetcar expert Michael Powell will discuss the economic benefits associated with Detroit's light rail project.    
AmeriCorps members prepare for new year of service
Lansing MI  November 18, 2014  |  WGVU  Four hundred AmeriCorps members from Michigan will attend a swearing-in ceremony in Lansing to begin a new year of community service.    
Car strikes police officer, woman amid snow
Mattawan, MI  November 18, 2014  |  WGVU  Authorities say a car has struck a police officer and a 74-year-old woman he was helping along a southwestern Michigan roadway.    
Severe weather brings Michigan flight cancelations
Grand Rapids MI  November 18, 2014  |  WGVU  Severe weather in Michigan is prompting flight cancelations and delays at Gerald R. Ford International Airport.    
Ford recalls Fusions for ignition key problem
Detroit, MI  November 18, 2014  |  WGVU  Ford is recalling about 65,000 Fusion midsize cars in North America because the ignition keys can be removed if the transmission is not in park.    
Crews continue snowstorm clean-up
  November 18, 2014  |  WGVU  Road crews across West Michigan have been busy tackling more than eight inches of snow in some areas.   
 Listen    Download Audio File Download
MI Supreme Court will decide whether Right To Work covers state workers
  November 18, 2014  |  WGVU  The Michigan Supreme Court has agreed to decide whether 35 thousand state civil service employees and the unions that represent them are covered by the right-to-work law.   
WGVU-HD Frontline: Firestone and the Warlord
  November 18, 2014  |  WGVU  Tuesday night on WGVU-HD, Frontline investigates the relationship between an iconic American tire maker and an African warlord. Did Firestone help fund a Liberian war that killed 100s of thousands of people?   
 Listen    Download Audio File Download
Here comes round two and rain for the weekend
GRAND RAPIDS, Mich.  November 18, 2014  |  WGVU  One winter storm system winds down…the next one is on the way. Get ready for the second half of what the National Weather Service is calling a one-two punch. Monday night into Tuesday frigid Canadian air and strong winds produced over a foot of Lake Effect snow blanketing West Michigan. Wednesday, a second system moves in.   
 Listen    Download Audio File Download
West Michigan data added to fair housing complaint
  November 18, 2014  |  WGVU  More allegations against U.S. Bank for poor treatment of foreclosed properties in minority neighborhoods include two West Michigan cities.    
 Listen    Download Audio File Download
State education officials preparing for adoption of new science standards
  November 18, 2014  |  MPRN  The state Board of Education is poised to approve new statewide science standards. We have more from Jake Neher.    
 Listen    Download Audio File Download

Monday
HQ opens as daytime resource for homeless youth
  November 17, 2014  |  WGVU  A new center for homeless and runaway teenagers hopes to bridge the gap of needed services in Grand Rapids.    
 Listen    Download Audio File Download
Small, rural school districts see bus problems
Detroit, MI  November 17, 2014  |  WGVU  The latest inspections by Michigan State Police have found small, rural school districts were experiencing the most problems with their buses during the 2013-14 school year.    
Credit union plans to double size of headquarters
East Lansing MI  November 17, 2014  |  WGVU  Michigan State University Federal Credit Union plans to double the size of its headquarters with a new $46 million building.    
Michigan hosting 3rd cyber security summit
Lansing MI  November 17, 2014  |  WGVU  Gov. Rick Snyder is hosting Michigan's third summit to address cyber security issues in government, business and other sectors.    
GM compensation expert extends claims deadline
Detroit, MI  November 17, 2014  |  WGVU  The lawyer hired by General Motors to compensate victims of crashes caused by faulty ignition switches is giving people another month to file claims.    
AAA Michigan: Gas prices unchanged in past week
Dearborn, MI  November 17, 2014  |  WGVU   AAA Michigan says gasoline prices have held steady from last week for a statewide average of about $3 per gallon.    
Spectrum Health training veterans for workforce re-entry
  November 17, 2014  |  WGVU  The recently released October unemployment rate reveals 7.2 percent of post 9-11 veterans are unemployed. That compares to the 5.8 percent national rate enjoyed by civilians. The disparity has long been acknowledged. What is the solution? A number of West Michigan businesses are problem solving including Spectrum Health.   
 Listen    Download Audio File Download
Gay marriage issue squarely before high court
WASHINGTON  November 17, 2014  |  AP  A same-sex couple from Michigan is putting the question of the right to marry nationwide squarely before the Supreme Court.   
Snyder to talk up Detroit on China trade mission
DETROIT   November 17, 2014  |  AP  Gov. Rick Snyder says he plans on talking up Detroit and the city's restructuring while on a trade mission to China.   
DeBoer case appealed to SCOTUS
  November 17, 2014  |  MPRN  The legal team for April DeBoer and Jayne Rowse filed its appeal today with the US Supreme Court. They want the court to rule that Michigan’s ban on same-sex marriage and others like it across the country are unconstitutional. We have more from Rick Pluta.    
 Listen    Download Audio File Download
Bill to overhaul Michigan’s electoral votes blasted in committee hearing
  November 17, 2014  |  MPRN   A plan to change the way Michigan awards its electoral votes for president got largely panned at a state House hearing today. We have more from Jake Neher.    
 Listen    Download Audio File Download

radio
Listen Live to WGVU-AM
Listen Live to WGVU-FM
Follow us on Twitter
WGVU News Page Sponsored by:
Amtrak
 
 
Home    Privacy Policies    Contact WGVU    GVSU.edu    PBS.org    NPR.org
Copyright 1997-2014 | WGVU is a service of Grand Valley State University | GVSU is an EO/AA institution