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From a retail perspective, this holiday weekend was successful. The National Retail Federation — an organization that represents retailers and is always happy to report good news in the industry — says that total spending over the four-day weekend from Thanksgiving to Sunday increased 16 percent over the same time period in 2010 when measured by total dollars spent. The total number of shoppers increased 6.6 percent and the average spent by each shopper increased from $365.34 to $398.62, or 9.1 percent.

Even “Small Business Saturday,” which I still see as a self-serving marketing campaign on behalf of American Express, has produced anecdotal evidence of success from mom-and-pop small business owners, while some customers have expressed frustration that some of American Express’s advertising did not clearly mention that registration in advance was necessary to receive the $25 credit.

I can’t overlook the unseasonably mild weather, at least in the New York metropolitan area, as a contribution to people’s willingness to leave the house and shop this year.

On Friday, I spent most of the day on an airplane, traveling from Los Angeles to Newark. I did not have the desire to wait outside a store in a line Thanksgiving night, the eve of Black Friday. Over the weekend, once home, I did not completely refrain from shopping. I purchased a gift for my girlfriend as we passed an item of clothing she liked, as well as a few discounted items of clothing for myself. For myself, I spent about $50 for items that normally would have cost about $100 without the “one-day-only” discount.

This past week leading up to Thanksgiving, while I was spending time with family in California, I gave into pressure and purchased myself a few toys. I grew up playing the original Nintendo Entertainment System, and Legend of Zelda was my favorite game. After the great reviews of the latest iteration in this series, a few in my family decided to take a look at the game. After getting a chance to play it, I decided I wanted to have a copy of my own. I find that I don’t have the time to spend playing video games, but I splurged on the game for myself, anyway — without paying full price.

I have more shopping to accomplish over the next few weeks before the holidays approach. I think giving into the retail frenzy during the days after Thanksgiving is generally a mistake. I’ve seen this happen in past years; the hottest items, even those deeply discounted during Black Friday, can often be found at even better prices later.

Before you consider me overly frugal, take note that I plan to spend quite a bit of money on myself in the near future as I continue exploring my hobbies and interests with full force as I find the time.

How much money did you spend this weekend?

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Cyber Monday and Black Friday

This article was written by in Consumer. 3 comments.

As I mentioned a few days ago, Consumerism Commentary is matching your charitable contributions. Please take this opportunity to give to your favorite charity. Here’s how to make your charity count twice.

The four-day weekend has seen consumers spend $45 billion, up from $41.2 billion last year. I contributed to this figure slightly, buying three long-sleeve shirts at good, but hardly impressive, discounts on Saturday. Cyber Monday is an extension of this weekend, having become a bit of a self-fulfilling prophesy as online retailers have grabbed the opportunity for another sales event.

Productivity around the country will likely have faltered today as shoppers take time away from working to surf the internet looking for deals from the office. A few years ago, Cyber Monday was a myth. That is no longer true; for those who are interested in spending, today is a good day to find deals online, whether for your Christmas gift ideas or for yourself.

One of my favorite places for deals today is the Amazon.com Gold Box. While I didn’t have time to keep checking the website, one friend brought my attention to a sale featuring BBC television series on DVD and Blu-Ray. I didn’t take advantage, but if I didn’t already have the latest Doctor Who episodes, I would have taken action.

Did you find any Cyber Monday deals today, or are you still looking? I can’t fault anyone for spending. The most financially secure advice tends to focus on not spending unless you can afford what you’re buying without debt and if the purchase doesn’t sacrifice your future. The occasional holiday gift usually won’t destroy someone’s finances, but I know many people who buy a number of toys for their children that end up piling up in the attic until the next office campaign to solicit new toys for underprivileged children.

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Here are the most popular articles on Consumerism Commentary during the month of July 2008.

  1. The Correct Way to Pay Off Personal Debt: The Debt Avalanche
  2. 2007 New Jersey Homestead Rebate: Receive Up to $2,000
  3. Just Like Apple’s MobileMe, But Free (by Smithee)
  4. Net Worth Competition: Don’t Compare Yourself With Others
  5. Four Day Work Week: Is it a Good Idea?
  6. Your Opinion: Do Women Find Wealthy Men Attractive?
  7. Personal Income Statement, June 2008 (Net Income: $4,364)
  8. Personal Balance Sheet, June 2008 ($155,596, -1.5%)
  9. Heads Up: E*TRADE Bank Increasing Savings Account Interest Rate Tomorrow
  10. More ING Direct Referral Links Needed: Join the Waiting List

Thanks to the following websites that sent the most traffic to Consumerism Commentary during July 2008. RSS readers and search engines are not included in this list.

  1. Get Rich Slowly 0
  2. The Simple Dollar +5
  3. Money Saving Mom new
  4. MSN Smart Spending new
  5. MoneyBlogNetwork -2
  6. AllFinancialMatters -2
  7. Five Cent Nickel +1
  8. Free Money Finance -2
  9. pfblogs.org new
  10. Milion Dollar Journey new
  11. MyMoneyBlog new
  12. No Credit Needed -7

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I’ve noticed a few public employers, like Howard County, Maryland, the Hobart, Indiana Police Department, the State of Oklahoma, and the Winston-Salem Housing Authority, are implementing or discussing the idea of moving to a four-day work week.

The most popular options seem to be replacing five eight-hour days with four ten-hour days and replacing ten eight-hour days with eight nine-hour days and one eight-hour day.

By shutting down non-essential services for one day every week or one day every two weeks, employees can save money on transportation, taking into account the rising cost of gasoline. This seems to be the biggest driver of these discussions and changes. The organizations that implement these changes also stand to reduce energy costs.

There are a number of additional benefits as well. Less time commuting means less pollution. A variety of commutation hours, or more flexibility in business hours, could reduce congestion. Less driving could decrease the frequency of road repairs. And of course, less time in vehicles lowers the demand for gasoline and the country’s reliance on oil, foreign or otherwise.

More time away from the office allows us to spend more time with family. But if a work week consisting of 40 hours is still the standard regardless of the number of days, employees will be spending longer days in the office. That could cause some problems with child care, whether the employee leaves the house earlier, returns later, or both.

Speaking for myself, when I work four-day weeks, I seem less stressed and fatigued by the end of the week. That might increase my productivity. But when I do so, I’m usually working only eight or so hours a day (usually a bit more), not ten, and taking a “vacation day.”

So far, it doesn’t appear that employer are trying to pay their employees 20% less for working four days each week rather than five. Might employers look to reducing salaries, even if the total number of hours worked is the same?

What are your thoughts on a four-day work week?

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August Vacation to Williamsburg

by Flexo

My girlfriend and are are planning a four-day vacation to Williamsburg, Virginia in a couple of weeks. We’re trying to limit our expenses as much as possible, while still having a good time visiting Colonial Williamsburg, Busch Gardens, and other random touristy locations. We’ll be cutting expenses with discounts where possible (such as those offered ... Continue reading this article…

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