Stores have ramped up today, the first shopping day after Christmas, by offering ridiculously marked down deals. It’s not uncommon to see things 75% off at prices even the most frugal would jump at but remember this helpful tip: It’s not a deal if you didn’t need it. Once you identify the difference between need and want (you don’t need a leather coat, you want it, you can make do with the non-leather jacket you have now) then you’ll realize you didn’t need that new widget that’s now 50% off.
The day after Christmas is in the top ten shopping days in the year (predictably, the week before hand has a pretty good hold on the other days) and vendors are not trying to buck the trend this year. I wasn’t surprised to see that CNN Money covered this  (as did every news show the last few days).
Macy’s offered 50 percent reductions on cashmere sweaters, while the Gap had women’s corduroy pants for as little as $19.99 and Target sold a 15-inch LCD TV with DVD Player for $499.99.
As nice of a deal as a 15″ LCD TV with a built in DVD player sounds (it’s pretty good), if you didn’t need it then you probably should save that $500 for something down the road.
It’s hard to turn down deals this time of year, especially at huge markdowns, but resist the urge!