With Thanksgiving quickly approaching, Black Friday is just around the corner. Here are some important words of advice to keep in mind, before blowing through your bank account.

1. A lot of the items will go on sale anyway

Handbag Honey

2. Some items are specifically made for Black Friday and are lower quality

cnbc.com

3. Some stores increase their normal price before holidays to make the discount seem better

Business Insider

4. Many sales begin days before Black Friday, and continue long after

Vancouver Deals Blog

5. You rarely need to be there super early in the morning; most sales last all day

The Krazy Coupon Lady

6. There are often the same deals as last year

Christian Science Monitor

7. Sales are all on older models

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KNKX