This weekend will be huge for U.S. retailers. The day after Thanksgiving — now dubbed “Black Friday” — has become something of a ritualized cultural shopping experience. Many people view the day as a chance to grab stellar deals on Christmas gifts. But others scorn it as a crass display of commercialism, antithetical to the spirit of the holiday season. Some go so far as to celebrate the day after Thanksgiving as “Buy Nothing Day”.

I tend to side with the latter camp. For the past decade I’ve elected not to shop on Black Friday. It’s one way for me to avoid consumerism. Subscribing to a consumerist mindset helped to put me in debt in the first place. I don’t begrudge others their bargains and shopping fun, but I choose not to participate. (The day after Christmas, on the other hand…)

Those who plan to go shopping this weekend may want to pay attention to Consumerist, which has been running all the Black Friday info it can find, including advertisements. The Bargainist is a good source of info if you plan to shop online. If you do go shopping, please spend responsibly: buy only what you need and can afford — avoid debt.

If you’re curious about Buy Nothing Day, check out the wikipedia entry, or head over to the Buy Nothing Day blog at Adbusters.

Whatever you do, I wish you a wonderful Thanksgiving. It’s my favorite holiday.

GRS is committed to helping our readers save and achieve their financial goals. Savings interest rates may be low, but that is all the more reason to shop for the best rate. Find the highest savings interest rates and CD rates from Synchrony Bank, Ally Bank, GE Capital Bank, and more.