Black Friday may still be a few weeks away, but that isn’t stopping shoppers from planning their spending and new research from Ocean Finance has found that more than 39 per cent of the UK will be looking to snag a bargain on November 27.

The personal finance experts also discovered that the average spend is expected to be around £295.67 per person - which could mean a boost of some £6 billion to the UK economy.

To help shoppers get the best deals on Black Friday and Cyber Monday, Ocean Finance has created a guide on finding the best bargains.

Top 10 tips for bagging a bargain on Black Friday and Cyber Monday

Don’t wait until Black Friday or Cyber Monday - sales often start before the big day

One easy, but effective trick is to set up Google Alerts to track the price drops of a particular item you've got your eye on or your favourite online retailers.

Pre-Black Friday sign up to receive emails from your favourite brands

Signing up to your favourite brand or retailer takes only a minute and that way you won’t miss out on any great deals. You might even receive exclusive offers and most give you a discount code when you sign up too.

Shop at the right times

Last year, the quietest time to shop online was between 3am and 4am – so set your alarm to avoid crashing websites or virtual queues.

Sound the alarm and beat the online rush!

Make a list to avoid buyer's remorse

Preparation is key to avoiding impulse purchases that you may regret later. Make a list of all the things you want to buy and set a budget. If you have specific items in mind, make a note of their regular prices. 

Scope out your favourite shops beforehand

Lockdown restrictions and social distancing measures need to be taken into account if you're planning on hitting the high street on Black Friday.

Check out your favourite shops beforehand and see if there are any early deals on offer or indicators that certain items or sections will be getting reduced nearer the time. You could always ask an assistant - worth a try.

Use your coupons in the right order

If you’ve got more than one coupon, make sure you use them wisely.

For example, let’s say you have a £10 voucher and a 20% off coupon. Use the 20% off first to get the most money off the larger amount, and then use the £10 voucher for extra savings.

Use cashback sites to save more money

Although you probably won’t get the money back right away, using cashback sites can benefit you in the future.

Keep an eye out for additional delivery charges

If you can pick-up in store for free, it may be worth considering this option. Alternatively, if you’re buying big items – make sure you check out delivery charges beforehand, as this can increase the total price significantly.

Know your clothing sizes before shopping

This is even more relevant after the lengthy period of lockdown time spent in leisurewear.

Checking your size means you'll reduce the risk of purchases that don't fit and then need to be returned - and waiting on the refund.

Stick to your budget

Before you buy, think about how much you can afford to spend and try not to catch sales fever - it can be highly contagious.

If you're planning on buying Christmas gifts for family members and friends, don't go overboard and over budget - they don't need expensive presents to know they are loved.

Spend wisely.

You can read more top tips for Black Friday and Cyber Monday on the Ocean Finance website here.

Whether you're looking for some money-saving tips, consumer help and advice or the latest shopping deals, join our Money Saving Scotland Facebook group here and get all the latest news on benefits, bursaries and grants, plus learn from other members about their best money saving advice.