WGVU donate banner

Wednesday, July 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
Today
Police welcome tips in Rebekah Bletsch death investigation
  July 23, 2014  |  WGVU  The investigation into the shooting death of jogger Rebekah Bletsch has not resulted in any arrests but police hope new information in the case will lead them to her killer. WGVU’s Caroline MacGregor reports.    
 Listen    Download Audio File Download
Grand Haven Coast Guard Festival begins this weekend
  July 23, 2014  |  WGVU  Final preparations are underway for the Grand Haven Coast Guard Festival which gets underway this weekend.    
 Listen    Download Audio File Download
Pro-Gaza protesters rally at state Capitol
  July 23, 2014  |  WGVU   Pro-Israeli and pro-Palestinian groups are holding events across Michigan to offer their perspectives on the conflict in Gaza. As Jake Neher reports, protesters gathered in front of the state Capitol today in support of Palestinians.    
 Listen    Download Audio File Download
Agency finds Michigan plant breached security plan
Covert Twp MI  July 23, 2014  |  AP   Federal regulators have determined Palisades Nuclear Plant staff willfully violated the plant's security plan in 2012.   
Lansing Board of Water & Light reappoints leader
Lansing MI  July 23, 2014  |  AP   The Lansing Board of Water & Light has reappointed J. Peter Lark as general manager despite criticism about the utility's response to a December ice storm that left some customers without power for more than a week.   
Court: Ex-judge Wade McCree immune from civil suit
Detroit MI  July 23, 2014  |  AP   A federal appeals court has upheld a lower court's ruling that a disgraced Detroit judge cannot be sued by a defendant in a child support case he presided over.   
Michigan agency plans hearing on standardized test
Lansing MI  July 23, 2014  |  AP  The public will get a chance to weigh in on what Michigan's next standardized test for students should look like.   
Chrysler recalls Jeep SUVs for ignition switches
Detroit MI  July 23, 2014  |  AP   Chrysler is recalling up to 792,300 older Jeep SUVs worldwide because the ignition switches could cause engine stalling.   
Porch shooter's lawyer says he feared for his life
Detroit MI  July 23, 2014  |  AP   A defense lawyer says a Detroit-area man who killed a young, unarmed woman on his porch heard "boom, boom, boom" at last four separate times before he opened the door and shot her in the face.   
Filmmaker Michael Moore's divorce is finalized
Bellaire MI  July 23, 2014  |  AP  Filmmaker Michael Moore's divorce from Kathleen Glynn has been finalized, ending their two-decade-long marriage.    
Statue of Betty Ford planned for Grand Rapids
Grand Rapids MI  July 23, 2014  |  AP   A statue of former first lady Betty Ford is planned for Grand Rapids in 2018.   
Land close to amending records to account for $3M
Lansing MI  July 23, 2014  |  AP  Republican U.S. Senate candidate Terri Lynn Land says she's close to filing an amended financial disclosure statement to account for nearly $3 million she's given her campaign.    
Elections panel to consider minimum wage, wolf hunting petition drives
  July 23, 2014  |  MPRN  A state elections board will decide tomorrow whether to certify petitions to initiate two new state laws. One would increase Michigan’s minimum wage. The other would allow wolf hunting in the Upper Peninsula.    

Yesterday
Muskegon man pleas no contest to second degree murder
  July 22, 2014  |  WGVU  The jury trial of Deontay Demarco Black-Wickliffe, the Muskegon man charged with killing Gary Lee Ogreen and wounding three other men at a party, is underway in Muskegon County.    
 Listen    Download Audio File Download
Report: State child poverty up, teen deaths down
Lansing MI  July 22, 2014  |  AP  The annual Kids Count survey finds child poverty rates rising during 25 years of data-gathering while fewer teens are giving birth or dying.   
Snyder: Vote recognizes efforts to help Detroit
Lansing MI  July 22, 2014  |  AP  Governor Snyder says a vote by Detroit workers and retirees to approve pension cuts in the city's bankruptcy is recognition that the state has pulled together in support of the city.   
DNR hosts forest open houses in northern Michigan
Traverse City MI  July 22, 2014  |  AP  State forestry officials are hosting open houses this week to provide information and receive public comments on plans for logging and other management activities in the northwestern Lower Peninsula.   
Man sentenced in death of 2-year-old daughter
Flint MI  July 22, 2014  |  AP  A Michigan man has been sentenced to more than 18 years in prison in the 2011 beating death of his 2-year-old daughter who was found with human bite marks on her body.   
Counter-protest emerges amid child migrant plans
Vassar MI  July 22, 2014  |  AP   A counter-protest has emerged in a small Michigan community where people have been rallying against a social services organization's proposal to house child immigrants from Central America.   
More layoffs coming at GRPS
Grand Rapids MI  July 22, 2014  |  AP  The Grand Rapids Public Schools district is sending layoff notices to about 90 staffers as it projects losing another 400 students this fall.   
Michigan approves 9 projects to add 3,900 jobs
  July 22, 2014  |  AP  Michigan's economic development arm has approved nine projects expected to bring about 3,900 jobs to the state.    
Chrysler recalls Jeep SUVs for ignition switches
  July 22, 2014  |  AP  Chrysler is recalling up to 792,300 older Jeep SUVs worldwide because the ignition switches could cause engine stalling.    
Snyder: Pensioner approval of grand bargain sets Detroit up for faster recovery
  July 22, 2014  |  MPRN  Governor Rick Snyder says pensioner approval of Detroit’s grand bargain sets the city up for a faster recovery. But as Jake Neher reports, Snyder admits the bankruptcy process is still far from over.    
 Listen    Download Audio File Download
Court ruling on Obamacare tax breaks has no immediate effect in Michigan
  July 22, 2014  |  MPRN  An appeals court ruling today out of Washington DC could jeopardize tax subsidies that help nearly a quarter million Michiganders buy health coverage. We have more from Rick Pluta.    
 Listen    Download Audio File Download

Monday
Muskegon Clippers a fan favorite in new baseball league
  July 21, 2014  |  WGVU  They’ve been playing baseball in Muskegon since businessman Charles W. Marsh built Marsh Field in 1916. It’s seen teams come and go. This year, in its inaugural season, the Muskegon Clippers take the field as members of the all-wood bat Michigan Summer Collegiate Baseball League. There are six teams in all from Holland, Grand Rapids and Detroit. The Clippers are winning and drawing crowds.   
 Listen    Download Audio File Download
SE Michigan company recycling poisonous Mercury
Ypsilanti MI  July 21, 2014  |  WGVU  Seems like just about everything can be recycled these days. Here's one more to add to a growing list   
 Listen    Download Audio File Download
New disaster relief assistance announced for fruit growers
  July 21, 2014  |  WGVU  Senator Debbie Stabenow (D-MI), Chairwoman of the U.S. Senate Committee on Agriculture, Nutrition and Forestry, has announced a new relief program for Michigan fruit growers whose farms were devastated by extreme weather conditions in 2012.   
 Listen    Download Audio File Download
Triple homicide update: head missing from body of Charles Oppenneer
  July 21, 2014  |  WGVU  Police say the boyfriend of Brooke Slocum had his head removed from his body. The grisly details of last week’s triple homicide and suicide in a Grand Rapids suburb - coming to light today.   
 Listen    Download Audio File Download
AG prison report cites human, technology errors as prime cause of inmate escape
  July 21, 2014  |  WGVU  A report by the Michigan Attorney General's office has found both human and technology failures played a part in the prison escape of a convicted murderer.   
AAA Michigan: Gas prices fall 3 cents in week
Dearborn MI  July 21, 2014  |  AP   AAA Michigan says gasoline prices have fallen about three cents during the past week to a statewide average of about $3.63 per gallon.   
Meeting to discuss toxic cleanup of White Lake
Whitehall MI  July 21, 2014  |  AP   Plans to remove a western Michigan lake from a list of toxic hot spots in the Great Lakes region are the subject of a public meeting.   
Michigan gets $200,000 for boat waste disposal
Lansing MI  July 21, 2014  |  AP   Michigan is receiving $200,000 from the federal government for projects that help recreational boaters with proper disposal of on-board septic waste.   
Application period starts for antlerless deer hunt
Lansing MI  July 21, 2014  |  AP  Michigan's application period for licenses to hunt antlerless deer is underway and continues through Aug. 15.   
Detroit due to report results from pension vote-later
Detroit MI  July 21, 2014  |  AP  The city of Detroit isn't ready to report the results of voting on pension cuts by retirees and workers.   
$150,000 study of beach muck getting started
Bangor Twp MI  July 21, 2014  |  AP   A two-year, $150,000 study to better understand problems with muck along beaches at the Bay City State Recreation Area along Saginaw Bay is getting started.    
Jury selection starts in football player death
Ann Arbor MI  July 21, 2014  |  AP  Jury selection has started in the trial of a man in the fatal shooting of Eastern Michigan University football player Demarius Reed.   
Black-and-white stripes are the new orange
Saginaw MI  July 21, 2014  |  AP  A Michigan sheriff says he's trading his inmates' orange jumpsuits for black-and-white stripes, in part due to pop culture.    
Report: Michigan splash pad requires costly fixes
Traverse City MI  July 21, 2014  |  AP   A city-commissioned report has found the Traverse City splash pad that rained sewage-contaminated water on children could cost up to $400,000 to repair.   
Historical society marks Detroit's 313th birthday
Detroit MI  July 21, 2014  |  AP  The Detroit Historical Society is celebrating Detroit's 313th birthday with a week of activities.   
Henry Paulson tells Michigan to seek out Chinese investment
  July 21, 2014  |  MPRN  Former U-S Treasury Secretary Henry Paulson says China could play a key role in Michigan’s economic recovery. He spoke today before the Detroit Economic Club. We have more from Jake Neher.    
 Listen    Download Audio File Download

Friday
Police ID suspect in homicides of Brooke Slocum and Charles Oppenneer
  July 18, 2014  |  WGVU  Police have identified 31-year-old Brady Oestrike of Wyoming as the suspect in the deaths of a couple and their unborn child.   
 Listen    Download Audio File Download
West Michigan police: Missing pregnant woman found dead
Wyoming MI  July 18, 2014  |  AP  Police say a pregnant woman missing in the Grand Rapids area has been found dead in a vehicle driven by a man suspected of killing her boyfriend.   
Rally planned to protest Detroit water shutoffs
Detroit MI  July 18, 2014  |  AP  A nurses' organization is planning a rally in downtown Detroit protesting service shutoffs by the city's water department.   
Flags lowered for ex-Michigan Lt. Gov. Binsfeld
Glen Arbor Twp MI  July 18, 2014  |  AP   Gov. Rick Snyder has called for the lowering of U.S. flags at state buildings in memory of former Lt. Gov. Connie Binsfeld.   
Prison for man, woman in OD death of girl, 4
Howell MI  July 18, 2014  |  AP   A man and woman have received prison sentences in the overdose death of his 4-year-old niece in a southeastern Michigan home.   
GM says it's replaced 491,000 ignition switches
Detroit MI  July 18, 2014  |  AP  General Motors says it has replaced faulty ignition switches on just under 20 percent of 2.6 million small cars that are being recalled.   
New enhanced 911 system could be a life saver
Ottawa County MI  July 18, 2014  |  AP  People in Ottawa County with smart phones can sign up for a new free enhanced 911 emergency service. It’s a feature that makes vital information immediately available to first responders in medical or other emergencies   
 Listen    Download Audio File Download
State could become more transparent about infection rates at hospitals
  July 18, 2014  |  MPRN  The state could soon be more open about how many patients contract infections at hospitals. As Jake Neher reports, state health officials warn it won’t be easy to provide all the information necessary for people to make the most informed decisions.    
 Listen    Download Audio File Download

Thursday
Muskegon Heights residents support police in effort to fight crime
  July 17, 2014  |  WGVU  The first of several weekly meetings to address criminal activity in Muskegon Heights called for residents to come forward with information to help police solve a spate of violent neighborhood crimes.   
 Listen    Download Audio File Download
Michigan prison workers fired for inmate contact
Ionia MI  July 17, 2014  |  AP  Four female prison workers have been fired from an Ionia correctional facility for sexual contact with inmates.   
Dad of boy missing for 11 days returning to court
Detroit MI  July 17, 2014  |  AP  The father and stepmother of a missing 12-year-old Detroit boy who was found in the basement are returning to court for another hearing on their parental rights.   
Marygrove College could help child immigrants
Detroit MI  July 17, 2014  |  AP  The president of Marygrove College in Detroit says he's willing us use school resources to help child immigrants from Central America.   
Michigan begins selling federal 'duck stamp'
Lansing MI  July 17, 2014  |  AP  The Michigan Department of Natural Resources is offering online sales of the federal migratory bird hunting stamp, also known as the duck stamp.   
Michigan nature center to grow with $40,000 grant
Holland MI  July 17, 2014  |  AP  A western Michigan nature center will expand with the help of a $40,000 community foundation grant.   
Judge tells young Detroit man he needed a beating
Detroit MI  July 17, 2014  |  AP  A judge has sentenced a young man to six months in jail for a mob attack on a Detroit-area motorist after telling the 19-year-old that his father should have "beat the hell" out of him to discourage him from committing crimes.   
Attorney: Detroit boy who went missing doing well
Detroit MI  July 17, 2014  |  AP  A lawyer for a 12-year-old Detroit boy who was found in the basement of his home says the child is doing well living with his mother.   
DEQ says “no” to pet coke along the Detroit River
  July 17, 2014  |  MPRN  State environmental regulators have said “no” to a plan to store the industrial by-product pet coke along the Detroit River.    
AG Schuette won’t give details on his opposition to medical marijuana bills
  July 17, 2014  |  MPRN   The state attorney general is not saying why he opposes bills that would ease restrictions on medical marijuana in Michigan. As Jake Neher reports, some top lawmakers are urging Bill Schuette to detail his concerns.    
 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